Tuesday, July 5, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Commodities

Indonesian exports, imports surge in May amid boom in commodity prices

MtR by MtR
June 15, 2021
in Commodities
0
Indonesian exports, imports surge in May amid boom in commodity prices


JAKARTA (June 15): Indonesia’s export growth shot up on a yearly basis to an 11-year high in May, supported by high commodity prices and a low base effect, while imports also jumped as domestic demand rose, official data showed on Tuesday.

Southeast Asia’s largest economy has seen its exports recover vigorously from the impact of the coronavirus pandemic on soaring prices of its main commodities amid improving demand from major trade partners like China and the United States.

In May, prices of commodities such as coal, palm oil and copper roughly doubled from a year earlier, helping the resource-rich country book a US$2.37 billion trade surplus, the statistics bureau said, which was the highest in six months.

The poll had expected a US$2.30 billion surplus in May after April’s US$2.19 billion surplus.

May’s exports rose 58.76% to US$16.60 billion, the biggest increase since January, 2010. This compared with a 57.49% rise expected in a Reuters poll and April’s 51.94% growth.

Imports were US$14.23 billion, up 68.68% from last year, higher than the poll’s 65% growth forecast and April’s 29.93% rise. May’s growth was the strongest since April 2010.

However, the robust growth figures also showed the extent the pandemic had hurt Indonesia’s trade performance last year.

In the first five months of the year, Indonesia had a US$10.17 billion surplus, also the highest in the past few years.

Dian Ayu Yustina, an economist at Bank Mandiri, expects the monthly surplus to narrow gradually as demand for imports climbs alongside the economic recovery, while exports are likely to remain strong in the next year.

“There is a base year effect and the economic recovery in advanced economies may not be balanced by a recovery in the supply side. Once supply catches up, commodity prices will plateau,” she said. 





Source link

Related articles

Infographic: China’s explosive EV growth to stay on track

July 5, 2022

King Salman Approves $5.32bn To Help Citizens Affected By Rise In Global Commodity Prices – Eurasia Review

July 5, 2022

Related Posts

Infographic: China’s explosive EV growth to stay on track

by MtR
July 5, 2022
0

China has made adoption of electric vehicles a cornerstone of decarbonizing its transport sector. Despite headwinds such as removal of...

King Salman Approves $5.32bn To Help Citizens Affected By Rise In Global Commodity Prices – Eurasia Review

by MtR
July 5, 2022
0

Saudi Arabia’s King Salman on Monday issued a royal order approving allocation of SR20 billion ($5.32 billion) to help citizens...

Why Are The Prices Of Agri Commodities Falling? Watch This Video For Details

by MtR
July 4, 2022
0

zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we...

Australia’s commodity exports in sweet spot of Russia sanctions, China hopes

by MtR
July 4, 2022
0

LAUNCESTON, Australia, July 4 (Reuters) - Russia's invasion of Ukraine and hopes of significant economic stimulus in China are...

Commodities Update — Gold inches up; Copper hovers near 17-month low – Arab News

by MtR
July 4, 2022
0

Commodities Update — Gold inches up; Copper hovers near 17-month low  Arab News Source link

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Global Pre-Natal Vitamin Market 2022 to 2028 Analysis by Top Industry Players Merck & Co, Eli Lilly, Sandoz Canada Incorporated, Swisse

July 5, 2022

The global drilling fluids market was estimated to be at

July 5, 2022

MENAP and Turkey-based startups raise $5.1bln in H1 2022

July 5, 2022

Asia Pacific (APAC) Networking Equipment Market Size, Scope and Forecast

July 5, 2022

Recent News

Global Pre-Natal Vitamin Market 2022 to 2028 Analysis by Top Industry Players Merck & Co, Eli Lilly, Sandoz Canada Incorporated, Swisse

July 5, 2022

The global drilling fluids market was estimated to be at

July 5, 2022

MENAP and Turkey-based startups raise $5.1bln in H1 2022

July 5, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter