By I Made Sentana
JAKARTA--Indonesia's trade surplus narrowed in November as the growth in imports outpaced exports due to increased inward shipment of capital goods, the statistics agency said Thursday.
The agency said the trade surplus fell to $840 million from $1.21 billion in October. A Wall Street Journal poll of 10 economists had expected the surplus to shrink to an average $820 million.
It said imports rose 10% to $12.66 billion in November from a month earlier, and gained 9.9% from a year earlier.
Exports rose 5.9% from October to $13.50 billion, and 21% from a year earlier, as a global commodities recovery boosted the prices of Indonesian coal, crude palm-oil and various minerals.
Economists said exports have likely bottomed out and may see robust gains for the next several months, with rising oil prices expected to drive up commodity prices.
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(END) Dow Jones Newswires
December 15, 2016 00:12 ET (05:12 GMT)
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