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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Indonesia's Import Growth Seen Slowing, Export Growth Up in March

Wednesday, April 19, 2017 > 10:43:13
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Jakarta Globe

Indonesia's import growth probably slowed in March, while export growth accelerated slightly, a Reuters poll showed.

The median forecast from 11 analysts showed imports from Indonesia were up 8.7 percent in March from a year earlier, slower than a growth of 10.6 percent in February.

The analysts' median forecast for March's export growth used to be 12 percent, higher than 11 percent in February.

Resource-dependent Indonesia saw exports contract on a yearly basis every month from October 2014 through July 2016. Export growth has recovered since, in line with rising prices for its main commodities.

On Tuesday, Finance Minister Sri Mulyani Indrawati said she expects this year's economic growth to exceed the government's 5.1 percent target on the back of stronger export and import growth.

The poll sees Indonesia's trade surplus narrowing slightly in March to $1.20 billion, from February's $1.31 billion surplus.


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