Indonesian trade surplus drops to $2.71 bln in Feb. as exports shrink
Jakarta (ANTARA News) - Indonesia's trade surplus dropped to $2.71 billion in February from $3.48 billion in January as exports fell from their all-time high, Central Bureau of Statistics deputy head Ali Rosidi said
Exports dropped to $10.53 billion dollars in February, 4.9 percent below the all-time high they hit in January, but rose 28.5 percent from a year before, he said.
The fall in exports was driven by a drop in the value of crude palm oil shipments to $1.04 billion from $1.6 billion in January.
Imports rose 2.9 percent to $7.82 billion from $7.6 billion.
Nine economists surveyed by Thomson Financial News were expecting a February trade surplus of between $3 billion and $4 billion.
They were expecting exports in a range of $10.08 billion to $10.99 billion and imports in a range of $6.06 billion to $8.17 billion. (*)
Exports dropped to $10.53 billion dollars in February, 4.9 percent below the all-time high they hit in January, but rose 28.5 percent from a year before, he said.
The fall in exports was driven by a drop in the value of crude palm oil shipments to $1.04 billion from $1.6 billion in January.
Imports rose 2.9 percent to $7.82 billion from $7.6 billion.
Nine economists surveyed by Thomson Financial News were expecting a February trade surplus of between $3 billion and $4 billion.
They were expecting exports in a range of $10.08 billion to $10.99 billion and imports in a range of $6.06 billion to $8.17 billion. (*)