Home / Knowledge / News / Textiles / Indonesian textile exports may touch $13.3bn in 2014: API
Indonesian textile exports may touch $13.3bn in 2014: API
15
Apr '14
The value of textile exports from Indonesia is likely to touch US$ 13.3 billion, which would be an increase of 5 percent year-on-year, due to economic recovery in the US, the country’s biggest market, Ade Sudrajat Usman, chairman of the Indonesian Textile Association (API) said while addressing a press conference at his office in Jakarta.
 
Meanwhile, Indonesia’s textile exports to the EU are also expected to gain momentum as the Southeast Asian nation and the EU are planning to restart negotiations on a trade agreement. Once materialized, the EU-Indonesia trade deal is expected to increase Indonesia’s textile exports by three times within a five-year period.
 
In recent years, Indonesian textiles have lost market share in the EU from about 1.09 percent in 2007 to 0.89 percent in 2013, and hence, the EU-Indonesia trade agreement would be important for the Indonesian textile industry, Mr. Ade said.
 
He said Vietnam has overtaken Indonesia in world textile trade. Indonesian textiles have about 1.8 percent share compared to Vietnam’s 3.3 percent in the global textile market. Indonesia continues to stand at sixth position in the US imports, same as it was in 2000. However, Vietnam has jumped from 82nd position in 2000 to third position now, Mr. Ade said.
 
In 2013, Indonesia’s textile exports increased by 1.76 percent year-on-year to $12.68 billion, with the US, Japan and Turkey being the main markets.
 
API expects textile sales in the domestic market to rise by about 7 percent year-on-year to $7.5 billion this year.
 

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Top executives
Textile industry

The foremost issue is bridging the skill gap

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search