By Yi Wei Wong
Indonesia’s trade surplus widened in April, as imports fell sharply.
The Southeast Asian country recorded a trade surplus of $3.94 billion, wider than the $2.91 billion surplus posted in March.
Analysts polled by The Wall Street Journal expected a $3.33 billion surplus.
Indonesia had trade surpluses with India, the U.S., and the Philippines, said Imam Machdi, a deputy at the country’s official statistics department.
April’s exports fell 18% from the previous month, to $19.29 billion, mostly due to a decline in exports of items used to process goods.
Exports were 29% lower compared with last April, thanks to lower prices for a range of commodities.
The Southeast Asian country’s imports fell 25% from a month earlier to $15.35 billion, mostly due to reduced imports of capital goods, and they declined 22% on year.
Write to Yi Wei Wong at [email protected]
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