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Indonesia's Exports Fall More Than Expected

Indonesia's exports declined more than expected in June, figures from Statistics Indonesia revealed on Monday.

Exports decreased 8.98 percent year-on-year in June, which was bigger than the forecast of 6.75 percent drop.

Meanwhile, imports increased 2.8 percent annually. Economists had forecast a decrease of 0.85 percent.

Nonetheless, the trade balance showed a marginal surplus of $0.2 billion in June compared to expectations of $0.7 billion.

On a monthly basis, exports declined sharply by 20.54 percent and imports fell 20.7 percent, data showed.

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