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Garments constitute over 50% of Indonesian textile exports
07
Jun '14
Garments accounted for more than half of all textile exports from Indonesia last year, according to the figures from the Ministry of Industry.
 
In 2013, Indonesia’s total textile and apparel exports stood at US$ 12.68 billion. Of this, garment exports fetched $7.38 billion or 58.2 percent, while yarn exports earned $2.42 billion or 19.1 percent, followed by fabrics with $1.8 billion (14.2 percent), fibre with $560 million (4.4 percent) and other textiles with $510 million (4.1 percent).
 
For the current year, the Indonesian Textile Association (API) has set textile and clothing export target of $13.3 billion, about 4.88 percent higher than last year.
 
The association expects that garments will continue to be the major item of export, followed by yarn, fabric and fibre for this year as well because the demand trend has not changed.
 
In terms of export destination, United States was the largest destination for Indonesian textile and clothing products in 2013 with the country importing goods worth $4.1 billion.
 
Japan and Turkey were the second and third-largest importers of Indonesian textiles and apparel during the year with imports worth $1.18 billion and $620 million, respectively.
 
Germany, South Korea, China, the UAE, Brazil, the UK and Malaysia were the other countries among the top ten export destinations for Indonesian textiles and garments during the year.
 
Meanwhile, data from Statistics Indonesia showed that exports of knitted or crocheted apparel and clothing accessories (under HS code 61) from Indonesia dropped marginally by 2.34 percent to US$ 844.7 million in the first three months of the current year, compared to exports of $864.9 million made during the corresponding period of last year.
 

Fibre2fashion News Desk - India

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