Indonesia Posts Trade Surplus for Fourth Straight Month

Indonesia posted a trade surplus for a fourth consecutive month in November, the statistics bureau said on Friday (15/12). (ID Photo/Tino Oktaviano)

By : Nilufar Rizki and Tabita Diela | on 6:53 PM December 15, 2017
Category : Business, Economy

Jakarta. Indonesia posted a trade surplus for a fourth consecutive month in November, the Central Statistics Agency said on Friday (15/12).

It was, however, narrower than expected.

The November surplus was $130 million, the agency said, the smallest so far this year. It was supported by continued growth in commodities exports to main shipping destinations such as China and India.

The median forecast in a Reuters poll was for a $920 million surplus.

Exports rose 13.18 percent in November from a year earlier, compared to the poll forecast of 13.01 percent. November exports were worth $15.28 billion.

Indonesia has had a trade surplus every month so far this year except for July.

Meanwhile, imports in November were up by 19.62 percent at $15.15 billion, beating analysts' forecast of 13.16 percent growth.

Imports in November were boosted by demand for manufacturing, machinery and raw materials, the statistics agency said.

Reuters

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