# Indonesia November trade deficit reaches widest since July 2013

> Indonesia's November trade deficit widened to $2.05 billion, the largest since July 2013, against a Reuters poll that expected a deficit of about $830 million. Exports unexpectedly fell 3.28% year on year, led by lower sales of palm oil, pulp and paper, and crude oil.

- Date: 2018-12-17 · published 2018-12-17T12:00:00.000Z
- Category: report · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/61862-indonesia-november-trade-deficit-reaches-widest-since-july-2013
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker palm oil export volumes point to softer demand for Indonesian palm oil, which is mildly bearish for palm prices. The wider deficit also adds pressure on the rupiah.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-05-25 | [Indonesia`s Palm Oil Exports Dropped in Q1 2018 - The Insiders Stories](https://feedsoft.ai/events/64892-indonesia-s-palm-oil-exports-dropped-in-q1-2018-the-insiders-stories.md) | -0.1% | -5.1% |
| PALMOIL | 2017-07-11 | [RHB Indonesia - Sector Update: Plantation - Cautious Mode On
        \| 
        RHB TradeSmart ID Blog](https://feedsoft.ai/events/69839-rhb-indonesia-sector-update-plantation-cautious-mode-on-rhb-tradesmart-id-blog.md) | -1.2% | +0.6% |
| PALMOIL | 2023-02-15 | [Monthly Palm Oil Trade Statistics : January – December 2023 – MPOC](https://feedsoft.ai/events/15759-monthly-palm-oil-trade-statistics-january-december-2023-mpoc.md) | +1.2% | -0.3% |
| PALMOIL | 2017-08-03 | [Indonesia's palm oil exports to hit record in 2017-2018 \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/69562-indonesia-s-palm-oil-exports-to-hit-record-in-2017-2018-agrifish-post-online.md) | -0.6% | +1.3% |
| PALMOIL | 2022-03-24 | [Indonesian palm oil output, exports to hit record high in 2022-23 - Grain Price News](https://feedsoft.ai/events/15835-indonesian-palm-oil-output-exports-to-hit-record-high-in-2022-23-grain-price.md) | -0.9% | -4.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/12/17/indonesia-november-trade-deficit-reaches-widest-since-july-2013.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.