With exports rising to a record high and imports growing slower than expected, Indonesia's trade surplus reached a record high of $7.56 billion in April, official data showed on May 17.
Indonesia has reported trade surplus every month for the past two years, mainly driven by increased exports and higher commodity prices. Indonesia is a major exporter of commodities including thermal coal, palm oil, nickel, tin and copper.
In April, Indonesia's exports totaled $27.32 billion, up 47.76% year on year, with the most significant increases in mineral, oil and gas exports. The country's imports rose 21.97% year on year to $19.76 billion.
(Writing by Alex Guo Editing by Harry Huo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.