Indonesia's Trade Deficit Widens Again as Trade War Bites

Indonesia's Trade Deficit Widens Again as Trade War Bites

(Bloomberg) -- Indonesia posted a trade deficit for a fourth straight month, the longest streak of shortfalls since 2014, as the intensifying trade war between the U.S. and China hurt its exports. The trade gap of $1.16 billion in January was wider than the median estimate of $917 million in a Bloomberg survey, while exports fell 4.7 percent. “It looks like Indonesia is not perfectly immune to the ongoing trade wars, which have hurt manufacturing exports of many countries around the world,” said Satria Sambijantoro, an analyst at PT Bahana Sekuritas.

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