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View all search resultsIndonesia booked a trade surplus of US$1.27 billion in June as both exports and imports rose from the slump recorded in May, signaling growing economic activity as the country and its trading partners have begun to lift COVID-19 restrictions.
Indonesia’s trade surplus was a result of a sharp decline in imports rather than an increase in exports. Under global lockdowns, it can be expected that imports of aircraft parts and components, boats and yachts, high-end beverages and spirits and silk and luxury goods will drop significantly. This will lower Indonesia’s imports.