Indonesia Nov Exports Down 8.56% YoY, Less Than Expected

Indonesia’s exports in November fell 8.56 per cent on an annual basis to $22 billion, less than the 9.36 per cent contraction expected in a Reuters poll, data from the statistics bureau showed on Friday.

Southeast Asia’s biggest economy has seen its shipments decline in value in recent months due to falling commodity prices and slowing global demand.

Indonesia’s top export products are coal, palm oil and nickel metals, Reuters reported.

The bureau is due to release import and trade balance data later on Friday.

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