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Indonesia Exports Fall More Than Expected

Indonesia's exports declined at a faster-than-expected rate in August, figures from Statistics Indonesia showed on Monday.

Exports fell 9.99 percent year-on-year in August. Economists had expected a 6.0 percent decrease.

Imports declined 15.60 percent annually in August compared to the forecast of 11.50 percent fall.

On a monthly basis, exports and imports dropped 7.60 percent and 8.53 percent, respectively, in August.

The trade balance showed a surplus of $85.1 million in August. Economists had expected a surplus of $162 million.

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