JAKARTA- Indonesia reported its seventh monthly trade surplus in November, as imports continue to weaken while exports improved, statistics bureau data showed on Tuesday.
Southeast Asia’s largest economy had a surplus of $2.62 billion last month, slightly smaller than the $2.67 billion surplus expected by economists in a Reuters poll. In October, the nation posted a trade surplus of $3.61 billion.
Indonesia’s November exports were helped by shipments of agriculture products, while imports continue to remain sluggish on weak demand for consumption goods and raw materials.
Exports rose 9.54 percent annually in November, its biggest growth since February, to $15.28 billion. That compared to a 3.29 percent drop reported a month earlier and a 2.66 percent rise predicted in a Reuters poll.