Indonesia trade surplus sharply contracted to USD 3.94 bln in April, down from USD 7.56 bln in the same period a year earlier. Exports plummeted 29.4% YoY to a 15-month low, while imports also fell by 22.32% YoY, marking the third contraction in 2023, mainly due to fewer working days around the Eid al-Fitr holidays and a weakening rupiah.