Indonesia is expected to post a narrower trade surplus in September, with exports and imports seen contracting due to a slump in global trade from countries affected by the pandemic.
The median forecast of 11 analysts in the poll was for Southeast Asia’s largest economy to post a $1.98 billion trade surplus in September, down from $2.33 billion in the prior month.
Indonesia had reported trade surpluses in the past few months due to imports falling at a faster pace than exports.
The poll expected the same pattern, with exports seen to have fallen 7.20% on an annual basis last month and imports down 22.40%.
In August, exports and imports dropped 8.36% and 24.19%, respectively.