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Indonesia抯 Trade Balance Swings To Deficit In JulyThursday, August 17, 2017 > 09:32:44
Hellenic Shipping News
Indonesia’s trade balance showed a deficit in July on a surge in imports, data from the Central Statistical Agency showed Tuesday.
The trade deficit came in at $0.27 billion in July. Economists had forecast the surplus to fall to $1.12 billion from June’s initially estimated $1.63 billion surplus.
Exports surged 41.12 percent year-on-year in July, bigger than the expected 35.72 percent growth. Likewise, imports jumped 54.02 percent compared to the forecast of 32.2 percent.
On a monthly basis, exports climbed 16.83 percent and imports advanced 39 percent in July.