Exports Growth Exceeds Expectations

According to official data released on Monday, Indonesia's exports grew by 9.14% year-on-year in November, reaching $24.01 billion. This growth rate surpasses the projected increase of 4.92% predicted in a Reuters poll of analysts.

Manufactured Products Lead the Way

Shipments of manufactured goods saw a nearly 14% increase on an annual basis, totaling $18.27 billion. However, the performance of key commodities was mixed, with coal exports dropping 4.4% from the previous year and palm oil shipments only increasing by 2.2%.

Central Bank's Monetary Policy Review

The trade data will be crucial for the central bank as it reviews various economic indicators to determine its monetary policy stance at this week's meeting. It is widely expected that key rates will remain unchanged.

Upcoming Import and Trade Balance Data

The Indonesia statistics bureau is set to release import and trade balance data later today. The Reuters poll anticipates a trade surplus of $2.21 billion for November.