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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
INDONESIA
The April trade surplus widened more than expected to $3.94bn from $2.83bn the previous month and is elevated historically. While both exports and imports were weaker than forecast, the downturn in imports was sharper due to capital goods imports plummeting. The data is unlikely to have any implications for the May 25 meeting as the BI was expecting a solid trade position this year.
- Imports fell 22.3% y/y down from -6.3% and exports fell 29.4% y/y down from -11.6%, driven by lower commodity prices.
- Exports to China fell 15.9% y/y, -37.7% to Japan and -35.9% to the US. Indonesia runs a surplus with each of those economies.
- Oil & gas exports fell 12.2% y/y driven by lower prices but gas was only down 6.2%.
Indonesia trade surplus USDmn 3mma
Source: MNI - Market News/Refinitiv/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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