Indonesia Posts Unexpected July Trade Surplus
Indonesia posted a modest trade surplus in July as exports exceeded forecasts. However analysts warn that surging imports may strain the external balance.
Xurve View
Insights:
Xurve View
Indonesia posted a trade surplus of $130 million in July, reversing a June deficit as exports climbed 6% to $26.22 billion. The result outperformed economist expectations for a deficit of $200 million. Strong shipments of coal and nickel drove the surprise recovery.
