Statistics Indonesia (BPS) recorded Indonesia trade balance in March at a surplus of USD 1.56 billion. This is higher than the surplus booked in the same period last year at USD 0.71 billion. Indonesia’s export in March 2021 was USD 18.35 billion, growing 30.47% YoY or 20.31% MoM. Exports in the agriculture, industrial, and mining sectors also increased. Meanwhile, import in the same period was recorded at USD 16.79 billion or grew 25.73% YoY. The import was boosted by the increase in consumer goods, auxiliary goods, and capital goods. Both the export and import are in line with the increase in manufacturing index that reflects the increasingly expansive performance of the domestic processing industry.
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