By Ying Xian Wong
Indonesia’s trade surplus widened in December, driven by stronger exports amid an increase in nonoil shipments.
Southeast Asia’s largest economy posted a trade surplus of $3.31 billion for the month, compared with a $2.41 billion surplus in November, the statistics agency said Monday.
The country had trade surpluses with India, the U.S. and the Philippines.
Indonesia’s exports rose 1.89% in December from the previous month to $22.41 billion, driven by higher nonoil exports amid stronger mineral fuel shipments. Exports were 5.76% lower compared with the same period a year earlier.
For 2023, Indonesia’s exports fell 11.33% to $258.82 billion, mainly due to a 9.26% drop in exports value in the processing manufacturing industry.
December imports declined 2.45% from a month earlier to $19.11 billion. Nonoil shipments fell 2.26% due to a drop in electrical machinery imports.
Imports fell 3.81% from a year earlier, the agency said.
Indonesia’s imports declined 6.55% to $221.89 billion last year as raw-material imports dropped 11.09%.
Write to Ying Xian Wong at [email protected]
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