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Exports of clothing records marginal fall in Q1

06
Jun '09
Due to global financial crisis, Indonesian garment exports tumbled down by just 0.8 percent, which though resulted in a fall of textile production by around 5 percent, said the Executive Director of Textile Indonesia.

However, the domestic market experienced a growth of 25 percent in the first quarter of current year. The US, Europe and Japan are the major markets for Indonesian garments.

She further informed that exports from China, Mexico and India to the US also witnessed a downfall of almost 3 percent whereas the exports to the US from the countries such as Vietnam and Bangladesh were up.

She said that in comparison with the growth in domestic market, the fall in export was low, as 65 to 70 percent of the total textile production of the country is meant for exports while rest is for the domestic consumption.

Further she said that in the second quarter of this year, the situation would turnaround as that of in China, South Korea and Taiwan while exports to Japan and the US are expected to start recovering in the fourth quarter.

She expects that the situation will return to normal by next year i.e. in 2010.

Fibre2fashion News Desk - India


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