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Indonesia: Merchandise exports growth rises again in May

Christian Fernsby |
Merchandise exports skyrocketed 58.7% year-on-year in May, following April’s 52.0% surge and supported by surging oil and non-energy exports as well as by a low base effect.

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Topics: INDONESIA   

Meanwhile, merchandise imports jumped 68.7% in annual terms in May (April: +29.3% yoy).

The merchandise trade balance widened from the previous month, recording a USD 2.4 billion surplus in May (April: USD 2.3 billion surplus; May 2020: USD 2.0 billion deficit). Lastly, the trend strengthened, with the 12-month trailing merchandise trade balance recording a USD 27.7 billion surplus in May, compared to the USD 27.3 billion surplus in the previous month.


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