Indonesia posts biggest trade surplus in nearly 10 years in October

November 16, 2020, 01.37 PM
Indonesia posts biggest trade surplus in nearly 10 years in October

ILUSTRASI. Trade balance. KONTAN/Cheppy A. Muchlis


Source: ReutersEditor: Herlina Kartika Dewi

TRADE BALANCE - JAKARTA. Indonesia reported its biggest trade surplus in nearly a decade in October, larger than expected, as imports plunged, statistics bureau data showed on Monday.

Southeast Asia's largest economy had a surplus of $3.61 billion last month, more than the $2.29 billion surplus expected by economists in a Reuters poll.

According to Refinitiv Eikon data, the October surplus was the biggest since December 2010.

Imports tumbled 26.93% on a yearly basis, steeper than the 18.67% fall forecast in the poll, to $10.78 billion.

Read Also: Neraca perdagangan Oktober 2020 surplus US$ 3,61 miliar

Exports fell 3.29% to $14.39 billion, compared with the poll's prediction of a 4.36% drop.

Selanjutnya: Ekonom Bank Permata prediksi neraca dagang Oktober 2020 surplus US$ 2,55 miliar

 


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