(MENAFN) Indonesia has seen its business performance in November surprisingly shifted to USD350 million deficit from USD1.02 billion surplus in October on the back of expanding imports amid waning export.
Accordingly, Imports jumped by 3.61 percent to USD11. 51 billion in November from as opposed to October, however it decreased by 18.03 percent from 2014, whereas export continued to deteriorate on-month.
Furthermore, shipment of Indonesia's products to abroad nations is expected to fall by 14 percent to USD151.6 billion this year as plunging global economy severely impacts demand of the country's products.
Indonesia is considered to be the world's biggest exporter of palm oil, thermal coal, and the world's third largest exporter of rubber and cocoa, let alone being home to the world's 2nd biggest copper mine.
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