2018.02.1501:02:00UTC+00Indonesia's Exports Rise More Than Forecast; Imports Surge

Indonesia's exports grew more than expected and imports logged a strong double-digit expansion, figures from statistics bureau showed Thursday.

Exports climbed 7.86 percent year-on-year in January, which was bigger than the expected 7.3 percent. At the same time, imports advanced 26.44 percent compared to the expected growth of 18.3 percent.

On a monthly basis, exports dropped 2.81 percent, while imports grew 0.26 percent in January.

As a result, the trade balance registered a deficit of $670 million in January confounding expectations for a surplus of $280 million.