|16 December, 2019

Indonesia's Nov trade deficit biggest in 7 months

November's trade gap was $1.33 billion

People look out from the observation tower of the Marina Bay Sands amongst public and private residential apartment buildings in Singapore, February 22, 2016.

People look out from the observation tower of the Marina Bay Sands amongst public and private residential apartment buildings in Singapore, February 22, 2016.

REUTERS/Edgar Su

JAKARTA - Indonesia posted its biggest trade deficit in seven months, as exports fell more than expected, data from the statistics bureau showed on Monday.

November's trade gap was $1.33 billion, the widest since April and much worse than the median forecast of a Reuters poll of a $130 million deficit.

Southeast Asia's largest economy had a surplus of $172.5 million in October.

Exports in the month amounted to $14.01 billion, down 5.67% on-year, sharper than the poll's 1.18% estimated fall. Imports in November fell 9.24% from a year earlier to $15.34 billion, compared with an expected drop of 13.32% in the poll.

(Reporting by Tabita Diela and Nilufar Rizki; Writing by Gayatri Suroyo; Editing by Shri Navaratnam) ((gayatri.suroyo@thomsonreuters.com; +622129927609; Reuters Messaging: gayatri.suroyo.thomsonreuters.com@reuters.net))

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