Indonesia posts largest trade surplus

July exports grew 14.33% from June to US$13.73bil, though were 9.90% below the value of shipments in the same month last year.

JAKARTA: Indonesia posted its biggest trade surplus in nine years in July, as exports improved while domestic demand for imports remained subdued amid the coronavirus pandemic, according to data from the statistics bureau.

South-East Asia’s largest economy reported a US$3.26bil surplus in July, the bureau said, the biggest since August, 2011, according to Refinitiv Eikon data.