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Indonesia's apparel exports dip marginally in Jan-July'14

September 02, 2014 (Indonesia)

The exports of apparel and clothing accessories from the Southeast Asian nation of Indonesia declined marginally by 2.64 percent year-on-year in the first seven months of the current year, the data from Statistics Indonesia showed.
In January-July 2014, Indonesia’s exports of garments and apparel accessories stood at US$ 4.474 billion, compared to export earnings of $4.595 billion in the corresponding period of 2013.
Of this, exports of knitted apparel and accessories (HS Code 61) fetched $2.075 billion, registering a decline of 3.2 percent over exports of $2.144 billion made in the corresponding period of last year.
Similarly, exports of non-knitted apparel and clothing accessories (HS Code 62) dropped by 2.15 percent to $2.398 billion in the seven-month period, as against exports of $2.451 billion made in the same period of 2013.
Both knitted and non-knitted apparel and clothing accessories together accounted for 5.28 percent of all non oil & gas exports made by Indonesia during the first seven months of this year.
Meanwhile, the imports of cotton (HS code 52) by Indonesia also decreased by 5.45 percent to $1.439 billion in January-July 2014, compared to imports of $1.522 billion made during the same period of last year.
During the period, cotton accounted for 1.85 percent share in Indonesia’s overall non oil & gas imports.
Indonesia imports cotton for its flourishing textile and clothing industry, which makes a significant contribution to Indonesia’s economy, in the form of providing employment as well as earning foreign exchange.
The textile sector employment in Indonesia is estimated at about 1.55 million, and another 570,000 people are employed in the apparel sector.

Fibre2fashion News Desk - India
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