Indonesia’s exports and imports contracted unexpectedly in June from a year ago, data published by the Central Statistical Agency showed Monday.
Exports fell 11.82 percent year-over-year in June, confounding economists’ expectations for an increase of 7.28 percent.
Similarly, imports plunged 17.21 percent annually in June, while it was forecast to rise by 9.25 percent.
On a monthly basis, both exports and imports slumped by 18.82 percent and 27.26 percent, respectively in June.
However, the trade balance showed a surplus of $1.63 billion in June versus $1.11 billion surplus in the same month of 2016.
The material has been provided by InstaForex Company – www.instaforex.com