Indonesia export, import growth seen slowing in February

13.03.2017

Indonesia's exports and imports expanded in February, but at a slower pace than the multi-year highs they had the previous month, a Reuters poll showed.

Export growth probably slowed to 15.19 percent on an annual basis in February, according to the median forecast of 13 analysts.

In January, exports surged 27.71 percent from a year earlier, the fastest pace since September 2011.

Analysts saw imports up 13.00 percent on a yearly basis in February, compared to January's 14.54 percent increase -  the biggest since May 2012.

According to the poll, Indonesia's February trade balance probably narrowed to $1.22 billion, from $1.40 billion the
previous month.

Exports from Southeast Asia's largest economy recovered late last year after contracting for years, thanks to higher prices for the main commodities such as palm oil and coal. But the value of shipments last year was still lower than in 2015.


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