Indonesia: Merchandise exports drop in June
Merchandise exports fell 0.5% year-on-year in June, contrasting May’s 1.8% rise. Meanwhile, merchandise imports expanded 4.7% over the same month last year in June (May: -6.0% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 2.9 billion surplus in June (May 2024: USD 3.3 billion surplus; June 2023: USD 3.8 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 40.6 billion surplus in June, compared to the USD 41.5 billion surplus in May.