Stronger exports drive trade surplus growth

  • Indonesia’s trade surplus widened in October
  • Trade surplus of $3.48 billion
  • Exports rose 6.76% to $22.15 billion
  • Imports increased 7.68% to $18.67 billion

Indonesia’s trade surplus widened in October, reaching $3.48 billion. This growth was driven by stronger exports, which rose 6.76% to $22.15 billion. The country had trade surpluses with India, the U.S., and the Philippines. Imports also increased by 7.68% to $18.67 billion, with nonoil shipments rising 10.37% due to higher imports of raw materials, electrical equipment, and consumer goods. Overall, Indonesia’s trade surplus expansion in October reflects positive economic performance and increased international trade activity.

Factuality Level: 8
Factuality Justification: The article provides specific data and information about Indonesia’s trade surplus in October, including the amount of the surplus, the countries with which Indonesia had surpluses, and the reasons for the increase in exports and imports. The information is supported by the statistics agency. However, the article does not provide any analysis or context for the data, and it does not mention any potential challenges or risks for Indonesia’s trade in the future.
Noise Level: 7
Noise Justification: The article provides information on Indonesia’s trade surplus in October, including the amount and the countries it had surpluses with. It also mentions the increase in exports and imports, as well as the reasons behind the changes. However, the article lacks in-depth analysis, scientific rigor, and actionable insights. It mainly focuses on reporting the numbers without providing a broader context or exploring the consequences of the trade surplus on the Indonesian economy or its implications for the global market.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information on Indonesia’s trade surplus and export and import figures, which can impact financial markets and companies involved in international trade.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article focuses on economic data related to Indonesia’s trade surplus, exports, and imports. There is no mention of any extreme events or their impact.
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