Indonesia: Trade surplus widened in February – UOB

Key Takeaways

“Oil & gas exports’ growth slowed to slightly less than 20% y/y viz. a whopping 65.1% in Jan, driven mainly by slowdown in mineral fuel exports but offset by respectable gains in machinery and electrical equipment exports. Non-OG exports’ growth also slowed to 3.8% y/y in Feb vs. 14% growth in Feb.”

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