JAKARTA : Indonesia reported a larger than forecast trade balance in February at $5.48 billion, boosted by an unexpected drop in imports, data from the country's statistics bureau showed on Wednesday.Analysts polled by Reuters had expected a $3.27 billion trade surplus.Exports in February rose 4.51
JAKARTA : Indonesia reported a larger than forecast trade balance in February at $5.48 billion, boosted by an unexpected drop in imports, data from the country's statistics bureau showed on Wednesday.Exports in February rose 4.51 per cent annually to $21.40 billion, slightly lower than a 5.00 per cent growth expected by analysts and after a 16.37 per cent increase in January.
Imports fell by 4.32 per cent annually to $15.92 billion due to a drop in purchases of raw materials, Statistics Indonesia said. A Reuters poll had forecast a 9.74 per cent increase in shipments.
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