JAKARTA, July 15 (Reuters) - Indonesia’s June exports and imports beat forecasts, signalling improving demand after many countries eased coronavirus-induced restrictions, data from the statistics bureau showed on Wednesday.
June exports were up 2.28% on a yearly basis to $12.03 billion, the first expansion in four months, propped up by increased shipments of agricultural and manufactured goods. The poll had forecast a 12.26% fall.
Imports fell 6.36% on-year in June to $10.76 billion, compared with the poll’s expectation for a 18.70% drop. Imports of consumer goods surged nearly 40%, although purchases of raw materials remained weak.
Southeast Asia’s largest economy had a $1.27 billion surplus in June, compared with $1.1 billion forecast in a Reuters poll and May’s $2.09 billion surplus.
Reporting by Gayatri Suroyo and Fransiska Nangoy Editing by Shri Navaratnam