Indonesia Feb trade surplus at $5.48 billion, beats forecast

JAKARTA (Reuters) – Indonesia reported a larger than forecast trade balance in February at $5.48 billion, boosted by an unexpected drop in imports, data from the country’s statistics bureau showed on Wednesday.

Analysts polled by Reuters had expected a $3.27 billion trade surplus.

Exports in February rose 4.51% annually to $21.40 billion, slightly lower than a 5.00% growth expected by analysts and after a 16.37% increase in January.

Imports fell by 4.32% annually to $15.92 billion due to a drop in purchases of raw materials, Statistics Indonesia said. A Reuters poll had forecast a 9.74% increase in shipments.

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