Indonesia: Trade surplus rises in April
May 16, 2016
Exports contracted 12.6% in April over the same month last year, which was a less-pronounced contraction than the 13.4% drop seen in March. Non-oil and gas exports, which account for the majority of Indonesian shipments, plunged 9.3% in April, which was a slight deterioration from March’s 9.2% decrease. Oil and gas exports contracted a staggering 39.2% (March: -37.7% yoy). Meanwhile, imports fell 14.6% in April, which followed the 10.4% contraction seen in March.
The trade surplus rose in April, increasing from March’s USD 508 million to USD 667 million. In addition, the result was above April 2015’s USD 477 million surplus and surpassed market expectations. Meanwhile, the 12-month moving sum of the trade balance rose from a USD 6.9 billion surplus in March to a USD 7.1 billion surplus in April.