Indonesian Trade Surplus Rises In November

Indonesia’s trade surplus increased in November, figures from Statistics Indonesia showed on Wednesday.

The trade surplus increased to $3.51 billion in November from $2.59 million a year ago. Economists had expected a surplus of $3.87 billion.

In October, the trade surplus was $5.73 billion.

Exports grew 49.7 percent year-on-year in November. Economists had expected a rise of 46.85 percent.

Imports rose 52.62 percent annually in November. Economists had forecast a increase of 56.06 percent.

On a monthly basis, exports increased 3.69 percent and imports rose 18.62 percent in November.