red container ship under white clouds

Indonesia’s export growth slows in August

Indonesia’s exports are expected to slow in August as prices for some key commodities have fallen. Indonesia’s trade surplus is expected to be around $4 billion. Analysts estimate that exports from Southeast Asia’s largest economy rose 19.19% in August from a year earlier. This is down from the 32.03% growth in the previous month.

Imports increased by 30.60% year on year. This was slower than the 39.86% in July.

The trade surplus in August was $4.09 billion, compared to a surplus of $4.22 billion in the previous month.

The resource-rich country has seen a boom in exports as rising commodity prices have spurred economic recovery from the effects of the pandemic.

The statistics office last month warned of the risk of a slowdown in exports due to falling commodity prices such as palm oil and nickel.

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