JAKARTA- Indonesia’s export growth likely accelerated in February due to high commodity prices, as the conflict between Ukraine and Russia fueled fears of supply squeezes and as authorities in Jakarta lifted a ban on coal exports, a Reuters poll showed.
The Southeast Asian country’s trade surplus is expected to widen to $1.66 billion in February, up from around $930 million in January, according to the median forecast of 15 analysts.
The resource-rich country has been enjoying an export boom riding on an cyclical upswing of commodity prices, allowing it to record a trade surplus every month since May 2020.
February’s exports are forecast to show a jump of 37.32 percent on a yearly basis, up from January’s 25.31 percent rise, while February imports were seen up 40.04 percent, compared with 36.77 percent a month prior.
