Jakarta Indonesia recorded an 11.33 per cent drop in exports for all of 2023, even though the decline in December was less than expected, amid falling global commodity prices, data from the statistics bureau showed on Monday.
- Also read:BL Agri and Commodity Summit 2024: ‘Govt support to import feed can help poultry sector tap international market in a big way’
In total, exports reached $258.82 billion in 2023, down from $291.9 billion the year before.
Shipments in December fell 5.76 per cent on a yearly basis by value to $22.41 billion, less than the 8.1 per cent drop expected in a Reuters poll of economists.
The bureau is due to release import and trade balance data later on Monday.