Indonesia export, import growth seen tumbling in July: Reuters poll

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Indonesia's exports and imports may have plummeted in July, following an improvement a month prior, with global trade still reeling under the fallout from the coronavirus crisis, a Reuters poll showed on Friday.

FILE PHOTO: A worker walks on the dock of the Tanjung Priok Port in Jakarta, Indonesia April 16, 2018. REUTERS/Darren Whiteside

The growth pace of exports and imports in the resource-rich country had improved in June after many countries eased coronavirus-induced restrictions, although demand was yet to return to pre-pandemic levels. Import contraction was seen accelerating to 22.48% last month, following June’s 6.36% drop, which economists said reflected weak domestic demand.

 

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