JAKARTA: Indonesia’s exports rose 1.72% in April from a year earlier to $19.62 billion, less than expected, data from the statistics bureau showed on Wednesday.
A Reuters poll of economists showed Indonesia’s exports were expected to increase by an annual 4.57% in April.
Despite coming in below forecast, April’s export expansion was Indonesia’s first in 11 months.
Exports from the resource-rich country have been adversely affected for more than a year by declining commodity prices and weakening global trade.
The value of coal shipments fell an annual 19.26% in April to $2.61 billion even though export volumes rose, due to the impact of falling global coal prices.
The bureau is due to release imports and trade balance data later on Wednesday. – Reuters