Strategy

Trade Balance: Inward-looking policies

Trade Balance
Analyst: Chandra Pasaribu

Inward-looking policies
• Exports weakened -21.3% MoM but were still up +27.0% YoY
• Imports were also down at a slower pace by -5.8% MoM
• May trade surplus was US$2.9bn
• Defensive stance warranted

Strategy

Trade Balance: Inward-looking policies

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