Slowing demand and trade war adjustments hit Indonesia’s November exports

[JAKARTA] Indonesia’s exports fell in November as the post-tariff bonanza adjustment coincided with normalising prices for several key commodities, tempering the windfall gains the resource-rich country had enjoyed in recent years.

Analysts expect export growth to gradually stabilise as Indonesia finalises trade agreements with new partners.

The country’s exports contracted 6.6 per cent year on year (yoy) in November, according to data released by the statistics agency on Monday (Jan 5). The decline came in well below economists’ expectations, with a Reuters poll having projected a more modest 0.5 per cent drop.