Indonesia posted a trade surplus of US$2.62 billion in November 2020, shifting from a US$1.35 billion gap in the same month of the previous year . This was the seventh straight month of surplus in trade balance, as exports jumped while imports plunged, amid the coronavirus pandemic. Exports surged 9.54% over a year earlier to US$15.28 billion, mainly due to higher sales of non-oil exports (12.41%), while oil and gas products plunge by 26.27%.
Imports slumped 17.46% over a year earlier to US$12.66 billion, as purchases of both oil and gas (-49.16%) and non-oil and gas (-12.33%) tumbled. Considering the first eleven months of the year, the trade recorded a surplus of US$19.66 billion, swinging from a US$3.51 billion gap in the same period 2019.
