Indonesia’s trade balance swung to a surplus in December, as exports rose and imports declined, figures from Statistics Indonesia showed on Friday.
The trade balance registered a surplus of $2.10 billion in December versus a deficit of $0.08 billion a year ago. Economists had expected a surplus of $2.30 billion.
In November, the trade surplus was $2.59 billion.
Exports grew 14.63 percent year-on-year in December. Economists had expected a rise of 6.3 percent.
Imports fell 0.47 percent annually in December. Economists had forecast a decrease of 12.47 percent.
On a monthly basis, exports rose 8.39 percent and imports increased 14.0 percent in December.
For comments and feedback contact: editorial@rttnews.com
[Economic News][1]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][2] to check out our [Econ Scorecard][2] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][2], [unemployment rate][3], [inflation][4] and much more.