Indonesia posts unexpected US$420 million trade deficit in November

JAKARTA (Reuters) - Indonesia had a US$420 million (S$555.85 million) trade deficit in November compared with a surplus of US$20 billion in October, the statistics bureau said on Friday.

Seventeen analysts in a Reuters poll had forecast a surplus of US$150 million for November.

November exports were about US$13.62 billion, down 14.57 per cent from a year earlier, while imports were $14.04 billion, also down 7.31 per cent. Both were much weaker than economists had expected.