Indonesia's trade surplus narrowed in August compared to the same period last year as imports outpaced exports, according to data released by Statistics Indonesia on Tuesday.
The trade surplus fell to $2.90 billion in August, down from $3.12 billion in the corresponding month of the previous year. For comparison, July's surplus was significantly lower at $0.5 billion.
August's exports increased by 7.13 percent year-over-year, surpassing the anticipated growth of 3.83 percent.
Conversely, imports surged by 9.46 percent from the previous year, exceeding economists' expectations of an 8.15 percent rise.
Month-over-month, exports grew by 5.97 percent, whereas imports declined by 4.93 percent.
Among the top ten non-oil and gas export commodities in August 2024, most experienced growth, as reported by the agency.
