Indonesia's Trade Balance Is Forecast To Return To Surplus In June

Forex News

Economists expect, that Indonesia's trade balance will return to a surplus in June after posting larger-than-expected deficits in the previous two months, as higher oil prices boosted imports. Bank Indonesia (BI) predicts a trade surplus of above $1 billion in June.

According to a Reuters poll, a surplus of around $650 million is awaited, compared with a $1.52 billion deficit in May. Indonesian exports is forecast to grow by 17.53% in June, up from 12.47% in May. Imports is awaited to rise by 31.31% in June, compared with a 28.12% increase in May.