14-12-203 (JAKARTA) Indonesia is anticipated to experience a narrowing trade surplus in November as exports are predicted to contract further, while imports are expected to show marginal growth, according to a Reuters poll conducted between December 8 and December 14 with 20 economists.
The poll suggests a trade surplus of $3.05 billion for November, a decrease from $3.48 billion in the preceding month. Indonesia, abundant in resources and a significant exporter of commodities such as coal, palm oil, and nickel products, has faced challenges as its exports weakened due to falling commodity prices and a global economic slowdown affecting demand.
In November, exports are projected to contract by 9.36% year-on-year, following a 10.43% decline in October. Conversely, imports are expected to register a 0.20% increase in November, recovering from a 2.42% drop in the previous month. The trade dynamics reflect the ongoing challenges posed by external economic conditions impacting Indonesia’s trade balance.
