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Indonesia: Merchandise exports growth remains strong in June

Christian Fernsby |
Merchandise exports skyrocketed 54.4% year-on-year in June, following May’s 62.0% surge and supported by soaring oil and non-energy exports as well as by a low base effect.

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Meanwhile, merchandise imports jumped 60.1% in annual terms in June (May: +68.7% yoy).

The merchandise trade balance narrowed from the previous month, recording a USD 1.3 billion surplus in June (May: USD 2.7 billion surplus; June 2020: USD 1.2 billion surplus). Lastly, the trend strengthened, with the 12-month trailing merchandise trade balance recording a USD 28.1 billion surplus in June, compared to the USD 28.0 billion surplus in the previous month.

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