Economics
War in Ukraine Sends Indonesia Exports, Imports to New Records
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Indonesia’s exports rose to a fresh all-time high in March as Russia’s invasion of Ukraine triggered a surge in global commodity prices and swelled the nation’s shipments of steel, coal and palm oil.
Exports climbed 44.36% year-on-year, beating all analyst forecasts in a Bloomberg survey for a total value of $26.5 billion last month. Southeast Asia’s largest economy recorded a trade surplus of $4.53 billion, also beating all economist estimates.