FX.co ★ Indonesian Trade Surplus Grows On Non-Oil And Gas Exports

Indonesia's trade surplus increased in November, as exports rose sharply?amid a fall in imports, figures from Statistics Indonesia showed on Thursday.

The trade surplus rose to $5.16 billion in November from $3.52 billion in the same month last year. Economists had expected a surplus of $4.26 billion.

In October, the trade surplus was $5.59 billion.

Exports increased 5.58 percent year-on-year in November, slower than the expected 9.50 percent rise. Non-oil and gas exports alone registered an increase of 6.88 percent.

Imports fell 1.89 percent over the previous year, in contrast to a 7.0 percent surge predicted by economists.

On a monthly basis, both exports and imports dropped by 2.46 percent and 0.91 percent, respectively.