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Indonesia trade surplus rises in September

Staff Writer |
According to Statistics Indonesia (BPS), a trade surplus of $1.8 billion was recorded in September (September 2016: $1.3 billion).

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Exports grew 15.6% annually in September, slowing from the 19.4% expansion recorded in August.

However, imports accelerated, growing 13.1% annually, after a more modest expansion of 9.1% in August.

Breaking down the export reading, oil and gas exports soared 35.6% annually in September, thanks to higher commodities prices (August: +12.1% year-on-year).

Non-oil and gas exports—which constitute the lion’s share of overseas shipments—rose 13.8% (August: +20.1% yoy).

The 12-month moving sum of the trade balance edged up from August’s $13.5 billion surplus to a $14.0 billion surplus in September.

FocusEconomics Consensus Forecast panelists expect exports to increase 5.0% and see the trade balance recording a surplus of $11.7 billion in 2018.

For 2019, the panel expects exports to grow 9.9% and expects the trade surplus to drop to $11.5 billion.

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