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Indonesia Exports Fall Less Than Expected

Indonesia's exports declined at a slower-than-expected rate in October, figures from Statistics Indonesia revealed on Friday.

Exports fell 6.13 percent year-on-year in October. Economists had expected an 8.15 percent decrease.

Imports declined 16.39 percent annually in October compared to the forecast of 15.4 percent fall.

On a monthly basis, exports grew 5.92 percent in October and imports rose 3.57 percent.

The trade balance showed a surplus of $160 million in October versus a deficit of $1.76 billion in the same month last year. Economists had expected a surplus of $300 million.

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