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Indonesia's November trade surplus at $2.62 billion


Selasa, 15 Desember 2020 / 11:51 WIB
Indonesia's November trade surplus at $2.62 billion
ILUSTRASI. Indonesia's November exports were helped by shipments of agriculture products, while imports continue to remain sluggish.


Sumber: Reuters | Editor: Wahyu T.Rahmawati

KONTAN.CO.ID - JAKARTA. Indonesia reported its seventh monthly trade surplus in November, as imports continue to weaken while exports improved, statistics bureau data showed on Tuesday.

Southeast Asia's largest economy had a surplus of $2.62 billion last month, slightly smaller than the $2.67 billion surplus expected by economists in a Reuters poll. In October, the nation posted a trade surplus of $3.61 billion.

Indonesia's November exports were helped by shipments of agriculture products, while imports continue to remain sluggish on weak demand for consumption goods and raw materials.

Read Also: U.S. Electoral College formally confirms Joe Biden's victory over Trump

Exports rose 9.54% annually in November, its biggest growth since February, to $15.28 billion. That compared to a 3.29% drop reported a month earlier and a 2.66% rise predicted in a Reuters poll.

Imports dropped 17.46% to $12.66 billion, compared to a forecast of 24.52% decline. 

Read Also: Indonesia to raise 2021 excise tax on tobacco products by 12.5%




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