Illustrative image (Source: Reuters)Jakarta (VNA) - A Reuters poll announced on August14 showed that Indonesia’s exports and imports may have plummeted in July,following an improvement a month prior, with global trade still reeling underthe fallout from the coronavirus crisis.
The growth pace ofexports and imports in the resource-rich country improved in June after manycountries eased coronavirus-induced restrictions, although demand was yet toreturn to pre-pandemic levels.
The median forecast from 14 analysts for exports to fall 16.65percent on-year in July, compared with the previous month’s 2.28 percent annualexpansion - which was the first growth since February.
Indonesia’s imports were estimated to plunge 22.48 percent last month, followingJune’s 6.36 percent drop, which economists said reflected weak domestic demand.
Southeast Asia’s largest economy had likely booked a 680 million USD surpluslast month, lower than the June figure of 1.27 billion USD./.
VNA
