Indonesia’s trade balance swung to surplus in July as imports logged a sharp decline from last year, figures from Statistics Indonesia showed on Monday.
Exports declined 9.90 percent year-on-year in July. Economists had expected a decline of 16.65 percent.
Imports fell 32.55 percent annually in July. Economists had forecast a decrease of 22.48 percent.
On a monthly basis, exports grew 14.33 percent, while imports decreased 2.73 percent in July.
The trade balance registered a surplus of $3.26 billion in July versus a deficit of $280.1 million in the last year. Economists had expected a surplus of $0.68 billion. In June, the trade surplus was about $1.25 billion.
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