September 16, 2021, 17:36

    Indonesia’s August exports hit record high on resources boom

    Indonesia’s August exports hit record high on resources boom

    JAKARTA, Sept 15 (Reuters) – Indonesia's exports hit a record high of $21.42 billion in August, rising 64.1% on a yearly basis, boosted by a surge in shipments of mining products, data from the country's statistics bureau showed on Wednesday.

    The growth pace handily beat an analysts' forecast in a Reuters poll for a 36.90% rise. Shipments of coal, copper, palm oil, steel and tin all jumped on a yearly basis, boosted by high prices.

    Imports were up 55.26% on an annual basis to $16.68 billion, also beating the poll's 45.10% growth prediction. Southeast Asia's biggest economy booked a $4.74 billion surplus last month – also the highest from data complied by Refinitiv Eikon and compared with the poll's forecast of $2.36 billion.

    Reporting by Gayatri Suroyo and Fransiska Nangoy
    Editing by Ed Davies

    Sourse: reuters.com

    Related posts

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    We use cookies in order to give you the best possible experience on our website. By continuing to use this site, you agree to our use of cookies. You can find a detailed description in our Privacy Policy.
    Accept
    Reject
    Privacy Policy