Indonesia Oct exports up 10.3% y/y, beating forecast


JAKARTA: Indonesia's exports rose 10.25% in October from a year earlier to $24.41 billion, official data showed on Friday, far above a forecast rise of 3.84% in a Reuters poll of analysts.

Shipments of palm oil, Indonesia's top export product, rose an annual 25.35% in October to $2.37 billion, as export volumes and prices both increased. Palm oil prices have been propped by Indonesia's ambitious biofuel plan for 2025.

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Indonesia , Trade , exports , palm oil

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