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Revive Exports
Despite the trade surplus, overall exports declined in May due to Covid-19. Comparative advantage needs to be utilized to promote trade.
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A container was unloaded from a transport ship that docked at Batu Ampar Cargo Port, Batam City, Riau Islands, on Wednesday (11/3/2020).
Despite the trade surplus, overall exports declined in May due to Covid-19. Comparative advantage needs to be utilized to promote trade.
Statistics Indonesia (BPS) reported on Monday that there was a surplus in the trade balance in May, although exports fell 28.95 percent year-on-year (yoy) and dropped 13.4 percent month-on-month. The biggest fall (21.02 percent) was recorded by the mining sector, while exports of agricultural products grew by 5.63 percent.