- Indonesia’s trade surplus increased to USD 4.3 Bn from USD 159 Mn as imports growth slowed (4.14% YoY) while exports normalized (9.68% YoY) from US tariff disruption.
- CPO exports have declined significantly compared to March, while ferro-alloys and coal still show growth.
- Still-robust imports of capital goods can indicate business expansion in certain sub-sectors, particularly ferro-alloys.
- Exports growth likely to slow down due to low commodity prices and potential US tariff rate increase, while imports may rise due to dumping.
