Indonesia: Merchandise exports gain steam in June
July 15, 2022
Merchandise exports soared 40.7% in annual terms in June, following May’s 27.0% upturn. Meanwhile, merchandise imports jumped 22.0% on an annual basis in June (May: +30.7% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 5.1 billion surplus in June (May 2022: USD 2.9 billion surplus; June 2021: USD 1.3 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 46.9 billion surplus in June, compared to the USD 43.1 billion surplus in May.