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16th Jun 2022 00:10Emerging Asia, Daily Monitor

Indonesia’s trade surplus plunged in May, due mainly to the now-repealed ban on palm oil exports.

We still see a larger 1.2% of GDP current account surplus this year, but downside risks are building.

India’s record low trade deficit in May is bittersweet news, masking a continued rise in non-oil imports.

commodities current account deficit depreciation downside risks energy energy prices exporters exports government import sub-index imports manufacturing March May oil q2 trade trade deficit trade surplus

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