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Financial News: Indonesia Trade Balance Swing To Surplus

Indonesia Trade Balance Swing To Surplus

12/15/2020 - 02:37:00 (RTTNews)

(RTTNews) - Indonesia's trade balance swung to surplus in November, as exports rise and imports declined, figures from Statistics Indonesia showed on Tuesday.

The trade balance registered a surplus of $2.61 billion in November versus a deficit of $1.39 billion in the last year. Economists had expected a surplus of $2.29 billion. In August, the trade surplus was $2.67 billion.

In October, the trade surplus was $3.57 billion.

Exports grew 9.54 percent year-on-year in November. Economists had expected a rise of 2.66 percent.

Imports fell 17.46 percent annually in November. Economists had forecast a decrease of 24.52 percent.

On a monthly basis, exports rose 6.36 percent and imports increased 17.4 percent in November.

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