Indonesia's November exports up 9.1% y/y, more than expected


JAKARTA: Indonesia's exports rose 9.14% in November from a year earlier to $24.01 billion, official data showed on Monday, above a projected increase of 4.92% in a Reuters poll of analysts.

Shipments of manufactured products rose nearly 14% on an annual basis to $18.27 billion. However, exports of top commodities such as coal fell 4.4% from a year earlier, while palm oil shipments were up by only 2.2%.

The trade data will be among a host of economic indicators the central bank will review to determine its monetary policy stance at a meeting this week, where it is expected to keep key rates unchanged.

Indonesia's statistics bureau will release import and trade balance data later on Monday. The Reuters poll expected a trade surplus of $2.21 billion in November. - Reuters

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , exports , trade surplus

Next In Business News

UUE builds new growth drivers�
Whither the stock market?
From durian runtuh to durian glut
Critical safety net
Keeping housing�construction�costs on track
Skydecks: More than just a million-dollar view
What�old homes�got right�
Foreign microcap IPOs dry up in US
Asean equities in stronger investment phase�
The bigger catch: Lessons from eFishery

Others Also Read