Trade surplus rises as exports to US spike


Solid activity: A container being unloaded at Tanjung Priok Port, Jakarta. March marked the 59th consecutive month of trade surplus for Indoneisa. — Reuters

JAKARTA: Indonesia has booked a large trade surplus for March thanks to surging exports to the United States before import tariffs introduced by US President Donald Trump took effect.

Data unveiled by Statistics Indonesia (BPS) in a press conference on Monday showed that last month’s trade balance, or total exports minus imports, amounted to a US$4.33bil surplus, higher than the US$3.1bil surplus recorded in the preceding month.

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