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Bloomberg
Indonesia’s trade deficit blew out to $1.3 billion in November as imports of consumer goods surged and exports contracted for a 13th straight month.
Exports fell 5.7% from a year ago to $14 billion compared to a 2.8% decline forecast in a Bloomberg survey of economists, as the US-China trade war and a global slowdown continued to weigh on Southeast Asia’s biggest economy. While imports declined 9.2%, Indonesia still purchased more goods abroad than it shipped overseas, resulting in the biggest trade deficit since April. Consumer goods purchased abroad surged 16.3% to $1.7b in Nov.