Credit: REUTERS/WILLY KURNIAWANJuly exports seen +29.73% y/y, vs June's +40.68%
July imports seen +37.30% y/y, vs June's +21.98%
July trade surplus f'cast at $3.93 billion, vs June's $5.09 bln
Trade data due at 0400 GMT on Monday, Aug 15
JAKARTA, Aug 12 (Reuters) - Indonesia's trade surplus may have narrowed to $3.93 billion last month due to weakening export performance as global trade activity slows, according to economists polled by Reuters.
Southeast Asia's biggest economy booked a larger-than-expected trade surplus of $5.09 billion in June on the back of palm oil exports resuming after a three-week ban was lifted in May.
The median forecast of 12 analysts in the poll was for exports to show growth of 29.73% on a yearly basis in July, down from June's 40.68%.
July imports were seen rising 37.30% on an annual basis, compared with June's 21.98% increase.
Bank Mandiri economist Faisal Rachman, who estimated July's surplus at $3.85 billion, said export performance weakened amid slowing global trade activity and with the drop in coal and crude palm oil prices from a month earlier.
"Commodity prices continue to support export performance, yet the fear of global recession is a downward pressure on the prices," he said, adding that imports have caught up with exports thanks to a recovering domestic economy.
(Polling by Devayani Sathyan and Arsh Mogre in Bengaluru; Writing by Stefanno Sulaiman in Jakarta; Editing by Kanupriya Kapoor)
((Stefanno.Sulaiman@thomsonreuters.com;))
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