ID : Economic - Apr 2021 trade

Exports outperformed expectations by 51.9% yoy in Apr, the strongest pace in 11 years, leading to a higher trade surplus of US$2.2bn. Indonesia’s exports recovery remains anchored by global economic rebound, despite renewed tightening in Covid-19 restrictions in key ASEAN countries. We reiterate our 2021 exports and imports growth forecasts at 20.7% yoy and 26.9% yoy, respectively.

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