KONTAN.CO.ID - JAKARTA. Indonesia recorded an 11.33% 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.

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In total, exports reached $258.82 billion in 2023, down from $291.9 billion the year before.

Shipments in December fell 5.76% on a yearly basis by value to $22.41 billion, less than the 8.1% drop expected in a Reuters poll of economists.

Prices of Indonesia's main commodities, such as coal, palm oil and nickel, were hit last year as global economic growth weakened.

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The bureau is due to release import and trade balance data later on Monday.

Editor: Yudho Winarto