Indonesia: Merchandise exports decelerate in December
Latest reading: Merchandise exports increased 6.7% in annual terms in December (November: +7.1% year-on-year). Meanwhile, merchandise imports jumped 11.2% in annual terms in December (November: +1.4% yoy).
As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 3.1 billion surplus in December (November 2024: USD 4.7 billion surplus; December 2023: USD 3.7 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 39.9 billion surplus in December, compared to the USD 40.5 billion surplus in November.