Imports rise and exports decline, impacting trade surplus

  • Indonesia’s trade surplus narrowed in November
  • Exports fell 0.67% from the previous month
  • Imports rose 4.89% from the previous month
  • Oil and gas imports rose 8.79% from the previous month
  • Biggest trade surpluses with India, the U.S., and the Philippines

Indonesia’s trade surplus in November decreased as the country imported more oil and gas and exported less iron and steel. The trade surplus for the month was $2.41 billion, down from $3.48 billion in October. Exports declined by 0.67% to $22.00 billion, with the value of iron and steel exports falling by 6.82% compared to October. On the other hand, imports increased by 4.89% to $19.59 billion, with oil and gas imports rising by 8.79% to $3.49 billion. Indonesia’s largest trade surpluses were with India, the U.S., and the Philippines.

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Factuality Level: 8
Justification: The article provides specific data on Indonesia’s trade surplus in November, including the value of exports and imports. The information is sourced from the statistics agency, which adds credibility to the report. However, the article lacks in-depth analysis or context regarding the reasons behind the changes in trade surplus and the implications for the Indonesian economy.

Noise Level: 7
Justification: The article provides information on Indonesia’s trade surplus narrowing in November due to increased oil and gas imports and decreased iron and steel exports. It includes specific figures and percentages to support the claims. However, it lacks a thoughtful analysis of long-term trends or antifragility, and does not hold powerful people accountable or explore the consequences of decisions. It also does not provide actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information on Indonesia’s trade surplus, which can have implications for the country’s economy and potentially impact financial markets and companies involved in international trade with Indonesia.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article focuses on trade data and does not mention any extreme events or their impacts.

Reported publicly: www.marketwatch.com