Indonesian Trade Surplus Grows In May

(RTTNews) - Indonesia's foreign trade surplus increased notably in May from a year ago as exports rose amid a significant fall in imports, figures from Statistics Indonesia showed on Wednesday.

The trade surplus rose to $2.93 billion in May from $0.43 billion in the same month last year. In April, the surplus was $2.72 billion.

Exports climbed 2.86 percent year-over-year in May, versus an expected rise of 0.78 percent.

Meanwhile, imports plunged by 8.83 percent from last year, slightly faster than the 8.56 percent fall expected by economists.

On a monthly basis, exports showed a growth of 13.82 percent, and imports grew by 14.82 percent.

Most of the top ten commodities of non-oil and gas exports in May experienced an increase, and the highest increase was electrical machinery and equipment and parts thereof, the agency said.