Forbes - May 2, 2008
JAKARTA (Thomson Financial) - Indonesia's trade surplus in March, excluding imports to bonded industrial zones, jumped to $3.99 billion from $2.71 billion in February, beating analysts' forecasts, as exports rose faster than imports, a government official said Friday.
Nine of the 10 economists surveyed by Thomson Financial were expecting the March trade surplus to come in a range of $2.33 billion to $3.2 billion, excluding imports to bonded zones.
Exports in March reached $11.9 billion, up 31.24 percent from a year ago and 13 percent higher than the previous month, said Rusman Heriawan, head of the Central Bureau of Statistics.
Excluding imports to bonded zones, imports amounted to $7.91 billion in March, up 40 percent from a year ago although just 1.1 percent higher from February.
Including imports to bonded industrial zones, total imports in March rose to $10.01 billion from $9.63 billion in February and the trade surplus expanded to $1.89 billion from $905 million in February.
There were no comparative figures for imports to bonded zones last year because the statistics bureau only started to include them from January this year. Imports into the bonded zones are mostly processed for re-export.
JAKARTA (Thomson Financial) - Indonesia's trade surplus in March, excluding imports to bonded industrial zones, jumped to $3.99 billion from $2.71 billion in February, beating analysts' forecasts, as exports rose faster than imports, a government official said Friday.
Nine of the 10 economists surveyed by Thomson Financial were expecting the March trade surplus to come in a range of $2.33 billion to $3.2 billion, excluding imports to bonded zones.
Exports in March reached $11.9 billion, up 31.24 percent from a year ago and 13 percent higher than the previous month, said Rusman Heriawan, head of the Central Bureau of Statistics.
Excluding imports to bonded zones, imports amounted to $7.91 billion in March, up 40 percent from a year ago although just 1.1 percent higher from February.
Including imports to bonded industrial zones, total imports in March rose to $10.01 billion from $9.63 billion in February and the trade surplus expanded to $1.89 billion from $905 million in February.
There were no comparative figures for imports to bonded zones last year because the statistics bureau only started to include them from January this year. Imports into the bonded zones are mostly processed for re-export.
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