Indonesian Trade Surplus Shrinks In April

(RTTNews) - Indonesia's foreign trade surplus decreased in April from a year ago as imports grew faster than exports, figures from Statistics Indonesia showed on Wednesday.

The trade surplus dropped to $3.56 billion in April from $3.94 billion in the same month last year. In March, the surplus was $4.6 billion.

Exports rose 1.7 percent year-over-year in April, slower than the 4.57 percent growth expected by economists.

Imports logged an increase of 4.6 percent versus an expected gain of 8.69 percent.

On a monthly basis, exports showed a sharp decline of 12.97 percent, and imports were 10.67 percent lower.