Indonesia’s November exports up 9.1% y/y, more than expected
JAKARTA (Reuters) – Indonesia’s exports rose 9.14% in November from a year earlier to $24.01 billion, official data showed on Monday, above a projected increase of 4.92% in a Reuters poll of analysts.
Shipments of manufactured products rose nearly 14% on an annual basis to $18.27 billion. However, exports of top commodities such as coal fell 4.4% from a year earlier, while palm oil shipments were up by only 2.2%.
The trade data will be among a host of economic indicators the central bank will review to determine its monetary policy stance at a meeting this week, where it is expected to keep key rates unchanged.
Indonesia’s statistics bureau will release import and trade balance data later on Monday. The Reuters poll expected a trade surplus of $2.21 billion in November.
