Indonesia posts biggest trade surplus in nearly 10 years

17-Nov-2020 Intellasia | Reuters | 7:16 AM Print This Post

Indonesia reported its biggest trade surplus in nearly a decade in October, larger than expected, as imports plunged, statistics bureau data showed on Monday.

Southeast Asia’s largest economy had a surplus of $3.61 billion last month, more than the $2.29 billion surplus expected by economists in a Reuters poll.

According to Refinitiv Eikon data, the October surplus was the biggest since December 2010.

Imports tumbled 26.93 percent on a yearly basis, steeper than the 18.67 percent fall forecast in the poll, to $10.78 billion.

Exports fell 3.29 percent to $14.39 billion, compared with the poll’s prediction of a 4.36 percent drop.


Category: Indonesia

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