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Indonesia posts $270m trade deficit in December, but $11.84b surplus in 2017

Indonesia posted a US$270 million trade deficit in December as a result of a decline in non-oil and gas exports, the Central Statistics Agency (BPS) has said.

Total exports in December reached $14.79 billion, a 3.45 percent decrease from the previous month, while imports were recorded at $16.06 billion, a 0.29 percent decrease from the previous month, the agency said.

Agricultural exports reached $280 billion, a 12.82 percent month-on-month decline attributed to a decrease in coffee, black pepper and cacao bean production, BPS head Suhariyanto said as reported byA�tempo.co in Jakarta on Monday.

Meanwhile, exports for manufacturing goods declined by 9.98 percent from the previous month to $10.33 billion.

It was the second of two monthly trade deficits posted last year, with the first deficit having occurred in July.

In November, exports increased slightly by 0.26 percent month-on-month to $15.28 billion. The increase was lower than the month’s import figure, which rose 6.42 percent to $15.15 billion.

However, Indonesia still posed $11.84 billion trade surplus along 2017. TheA�cumulative export was recorded at $168.73 billion, while the import was at $156.89 billion. (bbn)

Source: The Jakarta Post