Indonesia’s exports declined at a faster-than-expected pace in November, while imports dropped less-than-expected, official data showed Tuesday.
Exports plunged 17.58 percent year-over-year in November, exceeding economists’ expectations for a 11.5 percent decrease.
Imports fell 18.03 percent in November from a year ago. The expected rate of drop was 21.3 percent.
On a monthly basis, exports dipped 7.91 percent in November, while imports grew by 3.61 percent.
The visible trade deficit of the country narrowed to $0.35 billion in November from $0.42 billion in the corresponding month last year.
In October, the trade balance showed surplus of $1.01 billion. Economists had expected $0.90 billion surplus for November.
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