Exports And Imports Accelerate In May

Economic Research	16 June 2017
Indonesia
Economic Update
Exports And Imports Accelerate In May Exports bounced back with an increase of 24.1% YoY in May, after slowing to a growth of 13.6% in April. This was led by a surge in non-oil & gas exports, mainly driven by a rebound in electrical and mechanical machinery/equipment. Moving forward, we envisage the export of goods and services to return to a growth of 10% in 2017, vis-à-vis the -3.9% recorded in 2016. This is on the back of a low base effect, a pick-up in primary commodity prices and a gradual improvement in world merchandise trade volumes. Economist:  Rizki Fajar| +6221 2970 7065