Indonesia's August Trade Balance Swings to a Surplus

By I Made Sentana Features Dow Jones Newswires

Indonesia's trade balance swung to a large $1.72 billion surplus in August from a $271 million deficit in July as higher commodity prices boosted exports while imports slowed, the official Central Statistics Agency said Friday.

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The surplus, which was the largest since November 2011, beat the median forecast from a Wall Street Journal survey of 10 economists for a $607 million surplus.

The country's exports in August were worth $15.21 billion, up 11.7% from the month before and up 19.2% from a year earlier due to higher coal, rubber and copper prices, the agency said.

August imports were worth $13.49 billion, down 2.9% from a month earlier though they were up 8.9% from a year earlier.

For the first eight months of the year, the Southeast Asian nation's exports were worth $108.8 billion, up 17.9% from a year earlier. Imports were worth $99.68 billion during the same period, rising 14.1% from a year before, mainly due a 15.4% increase in the imports of intermediary products.

-- Write to I Made Sentana at i-made.sentana@wsj.com

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(END) Dow Jones Newswires

September 14, 2017 22:55 ET (02:55 GMT)