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Indonesia's Exports, Imports, and Balance of Trade
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Indonesia's exports increased slightly by 0.23% in March 2020 compared to the previous month, reaching US$14 billion. Meanwhile, imports surged by 15.6% to US$13.4 billion. As a result, the trade surplus decreased by 70.4% due to a surge in imported goods into Indonesia.
The recorded trade surplus in March 2020 amounted to US$743.4 million, significantly lower than the previous month's US$2.5 billion. Despite the decline in the trade surplus, BPS Head Suhariyanto explained that the export and import performance in March 2020 improved compared to the previous month.
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