Indonesia’s trade surplus down in Dec. ’24

Indonesia’s trade surplus reached $2.24 billion in December, falling short of expectations. This was due to an increase in imports and a smaller-than-expected rise in exports, according to official data released on Wednesday.

In December, exports from the country with abundant resources increased 4.78 per cent compared to the previous year, reaching $23.46 billion. This growth was slightly lower than the 7.38 per cent anticipated in the trade survey.

The data revealed that palm oil product exports surged 30 per cent year-on-year to $1.89 billion in the same month. However, coal exports experienced a decline of 10.4 per cent to $2.69 billion.

Attribution: Reuters

Subediting: M. S. Salama