Indonesia Dec trade surplus at US$1bil, well below forecast


JAKARTA: Indonesia's trade surplus narrowed more than expected in December to $1.02 billion, the lowest in 20 months, as a surge in exports driven by commodities slowed and imports hit a record high, official data showed on Monday.

Southeast Asia's largest economy has been reporting a trade surplus every month since May, 2020, as the coronavirus pandemic supressed local demand while exports rode a boom in prices of commodities like coal, palm oil, copper, tin, steel and rubber.

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Indonesia , trade surplus , exports

   

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