JAKARTA: Indonesia posted its biggest trade deficit in seven months, as exports fell more than expected, data from the statistics bureau showed on Monday.
November’s trade gap was $1.33 billion, the widest since April and much worse than the median forecast of a Reuters poll of a $130 million deficit.
Southeast Asia’s largest economy had a surplus of $172.5 million in October.
Exports in the month amounted to $14.01 billion, down 5.67% on-year, sharper than the poll’s 1.18% estimated fall. Imports in November fell 9.24% from a year earlier to $15.34 billion, compared with an expected drop of 13.32% in the poll. -Reuters
