JAKARTA, Jul 01, 2008
(adds details on the trade data)
Indonesia's trade surplus jumped to $3.20 billion in May, from $1.59 billion in April, thanks to higher values in crude palm oil exports, the Central Statistics Agency said Tuesday.
The trade surplus was slightly lower than the $3.27 billion recorded in May last year, but beat economists' median forecast of $2.04 billion.
Including imports to the so-called bounded zones, where imports are processed into export goods, Indonesia recorded a $1.23 billion trade surplus, swinging from a $530 million deficit in April.
(adds details on the trade data)
Indonesia's trade surplus jumped to $3.20 billion in May, from $1.59 billion in April, thanks to higher values in crude palm oil exports, the Central Statistics Agency said Tuesday.
The trade surplus was slightly lower than the $3.27 billion recorded in May last year, but beat economists' median forecast of $2.04 billion.
Including imports to the so-called bounded zones, where imports are processed into export goods, Indonesia recorded a $1.23 billion trade surplus, swinging from a $530 million deficit in April.
The agency said Indonesia's crude palm oil exports rose by $1.29 billion in May from April.
Indonesia is the world's largest CPO producer.
Exports in May rose 17.5% from a month earlier, and 31% from a year earlier to $12.89 billion. Imports gained 3.3% on month, but jumped 50% from a year earlier to $9.69.
Indonesia, the only Southeast Asian member of the Organization of Petroleum Exporting Countries, recorded a $1.25 billion deficit in its May oil-trade account, little-changed from $1.29 billion a month earlier, the agency said.
Indonesia has been a net oil importer since 2003 and will leave OPEC after its membership expires at the end of this year.
Indonesia is the world's largest CPO producer.
Exports in May rose 17.5% from a month earlier, and 31% from a year earlier to $12.89 billion. Imports gained 3.3% on month, but jumped 50% from a year earlier to $9.69.
Indonesia, the only Southeast Asian member of the Organization of Petroleum Exporting Countries, recorded a $1.25 billion deficit in its May oil-trade account, little-changed from $1.29 billion a month earlier, the agency said.
Indonesia has been a net oil importer since 2003 and will leave OPEC after its membership expires at the end of this year.
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