Economist at UOB Group Enrico Tanuwidjaja and Haris Handy reviewed the latest trade data in Indonesia. Key Quotes “Indonesia posted another month of trade surplus of USD2.3bn in August 2020, narrowing from July’s USD3.2bn as export fell by 4.6% from the previous month as shipments of precious metal and palm oil plunged, while imports grew 2.7% m/m, notably on consumer (+7.3%m/m) and rawauxiliary goods (+5.0% m/m).” “From January to August of this year, Indonesia booked a cumulative USD11.0bn trade surplus which was significantly higher than the USD1.8bn deficit recorded over the same period last year. Going forward, the reinstating curbs to control its COVID-19 outbreak in Indonesia’s capital city Jakarta might slightly depress imports. Nevertheless, exports may continue to rise on the back of global economic recovery.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY to slide towards the July low at 104.20 FX Street 1 year Economist at UOB Group Enrico Tanuwidjaja and Haris Handy reviewed the latest trade data in Indonesia. Key Quotes “Indonesia posted another month of trade surplus of USD2.3bn in August 2020, narrowing from July's USD3.2bn as export fell by 4.6% from the previous month as shipments of precious metal and palm oil plunged, while imports grew 2.7% m/m, notably on consumer (+7.3%m/m) and rawauxiliary goods (+5.0% m/m).” “From January to August of this year, Indonesia booked a cumulative USD11.0bn trade surplus which was significantly higher than the USD1.8bn deficit recorded over the same period last year. Going forward, the reinstating curbs… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
