Indonesia is expected to post a narrower trade surplus in March, with exports and imports seen contracting as the coronavirus pandemic choked global trade, a Reuters poll showed on Tuesday.
FILE PHOTO: A worker walks on the dock of the Tanjung Priok Port in Jakarta, Indonesia April 16, 2018. REUTERS/Darren Whiteside/File Photo
“Trade figures may swing extensively these coming months due to the pandemic, with import retrenchment exceeding export slowdown at this first stage,” said Wisnu Wardana, an economist with Bank Danamon. March imports were expected to drop 7.88% on-year, accelerating from February’s contraction pace, driven by plunging oil prices and weakening domestic demand.
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