TRADE BALANCE - 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.
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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.
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