Jakarta. Indonesia’s trade deficit narrowed to $3.2 billion last year as consumers and producers took a punt on a brake on imports, the Central Statistics Agency, or BPS, reported on Wednesday.
“The deficit in 2019… was almost one-third of the shortfall in 2018, which was $8.6 billion,” BPS head Suhariyanto said in a press conference, as quoted by Antara news agency.
The country’s total exports fell 6.9 percent to $168 billion, while imports shrank 9.5 percent to $171 billion, the BPS data showed.