Indonesian exports surge more than expected in November
[JAKARTA] Indonesia's exports in November accelerated at their fastest annual pace since September 2011, far better than expected, the statistics bureau said on Thursday.
Exports surged 21.34 per cent from a year earlier to US$13.50 billion in November. The shipment value in November was the highest in 17 months.
A Reuters poll had forecast annual export growth of 10 per cent.
"That is a spectacular increase. That gives us a picture of an improvement in global trade," said Sasmito Hadi Wibowo, deputy chief of the statistics bureau.
Imports were US$12.66 billion in November, up 9.88 per cent from a year ago. The poll had forecast 0.10 per cent growth.
The country had a US$838 million trade surplus in November, smaller than the revised US$1.24 billion in October, but close to the US$820 million analysts expected in the poll.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year