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Indonesia's export growth slows in August: Reuters poll

JAKARTA (Reuters) – Indonesia’s exports slowed in August due to falling prices for some key commodities, but its trade surplus is expected to remain at around $4 billion, a Reuters poll showed on Tuesday. .

21 analysts polled by Reuters forecast that exports from Southeast Asia’s largest economy will grow 19. 19% decreased year-on-year in August, down from 32 the previous month. % growth.

Imports increased year-on-year 22.60%, compared with 60 in July .86%.

The trade surplus in August was $4. 09 US$ 4.22 US$ 400 million surplus last month.

The resource-rich country has been enjoying an export boom against the backdrop of rising commodity prices, which has fueled its economic recovery from the impact of the pandemic.

However, its statistics bureau last month warned that exports could slow due to slowing prices of commodities such as palm oil and nickel.

(Vote by Anant Chandak in Bangalore; Writing by Gayatri Suroyo in Jakarta; Editing by Kanupriya Kapoor)



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