Exports accelerated 23.6% YoY in March, led by a pick-up in non-oil and gas exports. Moving forward, we envisage exports of goods and services to return to a growth o

Economic Research	18 April 2017
Indonesia
Economic Update
Exports And Imports Accelerate In March Exports accelerated 23.6% YoY in March, led by a pick-up in non-oil and gas exports. Moving forward, we envisage exports of goods and services to return to a growth of 10% in 2017, from          -3.9% in 2016 on: 1. Low base effect; 2. Stable to modest pick-up in primary commodity price outlook; 3. Gradual improvement in world merchandise trade volumes. Economist:  Rizki Fajar| +6221 2970 7065