Jakarta. Indonesia's trade balance moved back into surplus in 2015, following three years of deficits, the statistics bureau said on Friday.
Exports fell by 14.6 percent to $150.25 billion last year, but imports dropped even faster, by 19.9 percent to $142.74 billion. Last year's trade surplus was $7.51 billion, compared with a deficit of $2.2 billion in 2014. Southeast Asia's largest economy has seen its commodity exports collapse, while weak domestic economic activity is weighing on imports.
In December, exports were $11.89 billion, while imports were $12.12 billion, resulting in a trade deficit of around $230 million, the statistics bureau said. A Reuters poll had expected a December surplus of around $100 million.
The statistics bureau also revised its calculations of the country's trade deficit in November to $410 million, bigger than the $350 million deficit it reported a month ago.
The bureau said November exports were $11.11 billion, revised from $11.16 billion in a preliminary report published on Dec. 15, while imports were revised to $11.52 billion from $11.51 billion.