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Indonesia posts trade surplus for fourth straight month in November

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Staff Writer |
Asia   Imports in November were boosted

Indonesia posted a trade surplus for a fourth consecutive month in November, the statistics bureau said.

The November surplus was $130 million, the bureau said, the smallest so far this year. It was supported by continued growth of commodities exports to main shipping destinations such as China and India.

Exports rose 13.18 percent in November from a year earlier, compared with the poll forecast of 13.01 percent. November exports were worth $15.28 billion. Indonesia has had a trade surplus every month so far this year except for July.

Meanwhile, imports in November were up by 19.62 percent at $15.15 billion, beating analysts' forecast of 13.16 percent growth.

Imports in November were boosted by demand for manufacturing activities, such as machineries and raw materials, the statistics bureau said.

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