Indonesia posts largest trade deficit in five years
Indonesia posted its widest monthly trade deficit in five years this November due to slumped exports, according to statistics firm Refinitiv on December 17.
Illustrative image (Source: Internet) Hanoi (VNA) – Indonesia posted its widest monthly trade
deficit in five years this November due to slumped exports, according to statistics
firm Refinitiv on December 17.
The deficit in November was 2.05 billion USD, bigger than October’s revised deficit of 1.77 billion USD and the biggest trade gap since July 2013, according to Refinitiv data.
Previously, a Reuters poll had estimated the deficit at 830 million USD.
In November, Indonesia’s exports fell 3.28 percent year-on-year – the worst monthly performance since June 2017 – to hit 14.83 billion USD, mostly due to falling shipments of crude and palm oil, jewellery, and paper and pulp.
Meanwhile, imports went up 11.68 percent to 16.88 billion USD, topping the toll’s 10.5 percent estimate, lower than the increase of nearly 24 percent in October.
In recent months, Southeast Asia’s largest economy has been struggling to contain imports. Some measures, including higher tariffs, have been imposed to curb imports, in a bid to reduce the trade gap and support the rupiah.–VNA
The deficit in November was 2.05 billion USD, bigger than October’s revised deficit of 1.77 billion USD and the biggest trade gap since July 2013, according to Refinitiv data.
Previously, a Reuters poll had estimated the deficit at 830 million USD.
In November, Indonesia’s exports fell 3.28 percent year-on-year – the worst monthly performance since June 2017 – to hit 14.83 billion USD, mostly due to falling shipments of crude and palm oil, jewellery, and paper and pulp.
Meanwhile, imports went up 11.68 percent to 16.88 billion USD, topping the toll’s 10.5 percent estimate, lower than the increase of nearly 24 percent in October.
In recent months, Southeast Asia’s largest economy has been struggling to contain imports. Some measures, including higher tariffs, have been imposed to curb imports, in a bid to reduce the trade gap and support the rupiah.–VNA
You should also see
Hanoi ceremony celebrates 70th anniversary of Geneva Agreement
The Ministry of Foreign Affairs held a ceremony in Hanoi on April 25 to mark 70 years since the signing of the Geneva Agreement on the Cessation of Hostilities in Vietnam - an important milestone in the struggle for national liberation of the Vietnamese people and a great victory of the Vietnamese diplomatic sector.
See more
World
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) has reported.
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
