No, certainly not. Both Indonesia’s exports and imports continued to decline sharply amid the novel coronavirus (COVID-19) crisis that has given rise to a drastic drop in global and domestic economic activities. The only reason why Indonesia was able to post a wide trade surplus in May 2020 is because the country’s imports have been plunging at a much faster rate than its exports. However, plunging imports of capital goods and raw materials cause major concern about the country’s economy.


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