Indonesia’s exports, imports beat expectations in Dec
The data showed that the country’s exports climbed by 15.8% in December on a yearly basis and beat the expectations which called for an increase of 14.1%. Exports were also up on a monthly basis by 1.99%. The growth of exports in November on an annual and monthly basis, which respectively stood at 21.34% and 12.5%, was larger than those of December.
Similarly, imports increased by 5.8% year on year, defying the estimates of an increase of 3.4%, and by 0.88% month on month. The growth of imports in November both annually and monthly, which respectively stood at 9.88% and 10% in November, was also larger than those in December.
According to the data, the country’s exports reached $13.77 billion in December from $13.5 billion in November while imports climbed to $12.78 billion from $12.66 billion from the previous month.
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