By Ying Xian Wong
Indonesia’s trade surplus widened in August amid stronger exports.
Southeast Asia’s largest economy recorded a trade surplus of $3.12 billion for the month, compared with a $1.31 billion surplus in July, the statistics agency said Friday.
The country had trade surpluses with India, the U.S. and the Philippines.
Indonesia’s exports rose 5.47% in August from the previous month to $22.0 billion, driven by stronger shipments of non-oil-and-gas commodities like metal ore, slag and ash. Compared with a year earlier, exports fell 21.2%.
In August, imports declined 3.5% from a month earlier to $18.88 billion. Oil-and-gas imports decreased 15.0% from July, while non-oil shipments fell 1.3% on month amid lower ships, boats and floating structures imports.
Imports declined 14.8% from a year earlier, the agency said.
Write to Ying Xian Wong at [email protected]
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