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
Stormy Daniels’ ex-lawyer in the hot seat at Trump trial
New Zealand says ‘seriously concerned’ by China’s increased security actions in Pacific
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March