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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