Indonesia’s exports and imports grew more than expected in November, data from statistics bureau revealed Friday.
Exports rose 13.18 percent year-over-year in November, faster than the 12.63 percent growth economists had forecast.
Imports surged 19.62 percent in November from a year ago, well above the expected spike of 13.0 percent.
As result, the trade surplus shrank notably to around $130 million in November from $833 million in the corresponding month of 2016.
The expected surplus was $844 million. In October, the surplus totaled $1.0 billion.
The material has been provided by InstaForex Company – www.instaforex.com
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