Indonesia posts surprise trade surplus in May


Indonesia's finance ministry believes the market will stabilise and is preparing alternatives for financing

JAKARTA: Indonesia’s foreign trade surprisingly swung back to a surplus in May, against market expectations of a US$1.38bil deficit, spurring some hopes for improvement in the country’s trade outlook despite the Sino-US trade war.

South-East Asia’s largest economy had a US$207.6mil surplus for May, the statistics bureau said, as imports dropped near the end of the Muslim fasting month.

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