Indonesia posts huge surplus on strong exports of CPO, steel

Overall exports in May grew 9.68% year-on-year to US$24.61bil. — The Jakarta Post

JAKARTA: Indonesia recorded a hefty trade surplus of US$4.3bil in May, fuelled by a surge in exports of vegetable oils and steel.

According to data from Statistics Indonesia (BPS), the figure marks a sharp rebound from the modest monthly surplus in April of around US$160mil – the smallest in five years.