15 Jun 2021 | News & Feature

Trade: The great commodity rally continues

  • Indonesia registered a trade surplus of USD 2.36 Bn as significant import recovery was more than compensated by a commodity-fuelled surge in exports.
  • Despite the recent surge in cases, the momentum of recovery and its effect on imports is likely to still hold going forward. At the same time however, continued recovery in the US and China are also likely to keep commodity prices high.
  • With these circumstances in mind, Indonesia’s current account deficit this year is likely to be less severe than previously expected.