Indonesia’s trade surplus hits lowest level in six years as rupiah slides
Trade
Economists predict declining demand from China will weigh on future exports
Barges loaded with coal, one of Indonesia’s most important export commodities, are anchored on the Mahakam river in Samarinda, East Kalimantan. © AP
NATSUMI KAWASAKI and REZHA HADYAN
JAKARTA — Indonesia recorded its smallest trade surplus in more than six years in April as the value of imports surged on the back of the declining rupiah, rising costs resulting from the Iran war, higher chip prices and pro-growth policies that stimulated domestic demand.
