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Indonesia Jan exports surge more than expected

Indonesia Jan exports surge more than expected

JAKARTA: Indonesia’s exports rose at the fastest pace since September 2011, as shipments of commodities rose by value, data from the statistics bureau showed on Thursday (16/02). Exports rose 27.7 percent in January from a year earlier to $13.38 billion, as shipments of palm oil and coal increased. A Reuters poll had expected a growth of 21.73 percent.

Imports were $11.99 billion in January, up 14.5 percent from a year ago. The poll had expected an increase of 13.9 percent. The country recorded a $1.40 billion surplus for the month. The difference in Reuters’ earlier report was due to rounding.

In December, the surplus was a revised $1.05 million.