Indonesian exports, imports surge in May amid boom in commodity prices


Cranes at a construction site in Jakarta, Indonesia. - Bloomberg

JAKARTA: Indonesia's export growth shot up on a yearly basis to an 11-year high in May, supported by high commodity prices and a low base effect, while imports also jumped as domestic demand rose, official data showed on Tuesday.

Southeast Asia's largest economy has seen its exports recover vigorously from the impact of the coronavirus pandemic on soaring prices of its main commodities amid improving demand from major trade partners like China and the United States.

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