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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 Aug exports, imports seen staying strong on resources boom

Wednesday, September 15, 2021 > 09:43:56
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Reuters



Indonesia's exports and imports likely continued to surge in August, driven by high prices of the country's main commodities like coal and palm oil, a Reuters poll showed on Tuesday.



A survey of 18 economists forecast the economy's August trade surplus had shrunk to $2.36 billion from $2.59 billion in July.



Southeast Asia's biggest economy has been enjoying an export boom on the back of robust commodity prices, allowing for a trade surplus every month since May of 2020.



Economists expected 36.9% annual growth in August exports, accelerating from 29.32% in the previous month. August imports were seen rising 45.1% on a yearly basis, compared with 44.44% in July.



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