Indonesia’s exports and imports likely continued to surge in August, driven by high prices of the country’s main commodities like coal and palm oil, a Reuters poll showed on Tuesday.
A survey of 18 economists forecast the economy’s August trade surplus had shrunk to $2.36 billion from $2.59 billion in July.
Southeast Asia’s biggest economy has been enjoying an export boom on the back of robust commodity prices, allowing for a trade surplus every month since May of 2020.
Economists expected 36.9% annual growth in August exports, accelerating from 29.32% in the previous month. August imports were seen rising 45.1% on a yearly basis, compared with 44.44% in July.
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