Indonesia: Merchandise exports accelerate in August
Latest reading: Merchandise exports increased 6.5% over the same month last year in August (July: +5.8% year-on-year). The figure marked the strongest outturn since January 2023. Meanwhile, merchandise imports soared 15.2% on an annual basis in August (July: +13.8% yoy), marking the highest reading since October 2022.
As a result, the merchandise trade balance improved from the previous month, recording a USD 2.7 billion surplus in August (July 2024: USD 0.9 billion surplus; August 2023: USD 4.0 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 38.0 billion surplus in August, compared to the USD 39.3 billion surplus in July.