Were export growth rates higher or lower than expected?

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Export Growth Exceeded Expectations in May

Indonesia's export growth rate in May surpassed market expectations, indicating a stronger performance than anticipated by analysts. This expansion was primarily driven by robust shipments, particularly within the metals sector, contributing significantly to the overall export value.
Exports Showed a 12.47 Per Cent Annual Increase

In May, exports from Southeast Asia's largest economy registered an annual growth rate of 12.47 per cent. This figure represented a higher-than-expected expansion, signaling a positive trend in the country's trade performance for that month.
Metals Shipments Bolstered Overall Export Figures

The total value of Indonesian exports in May reached US$16.12 billion. A substantial portion of this value was attributed to increased shipments of metals, which played a crucial role in achieving the overall export growth rate.
Imports Outpaced Projections Significantly

While the question specifically addresses export growth, it is noteworthy that imports also saw a substantial increase. Imports grew by 28.12 per cent year-on-year, a figure considerably higher than the 13.88 per cent that analysts had projected. This surge in imports was attributed to elevated oil prices.

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Were export growth rates higher or lower than expected?

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