Indonesian textile exports to reach $13.3b in 2014

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Indonesia fashionThe value of textile exports from Indonesia is likely to touch $13.3 billion in 2014, which would be an increase of 5 per cent 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 on April 15.

Meanwhile, Indonesia’s textile exports to the EU are also expected to gain momentum as the Southeast Asian nation and the EU is planning to restart negotiations on a trade agreement. Once materialised, 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 per cent in 2007 to 0.89 per cent in 2013, and hence, the EU-Indonesia trade agreement would be important for the Indonesian textile industry, Ade said.

He said Vietnam has overtaken Indonesia in world textile trade. Indonesian textiles have about 1.8 per cent share compared to Vietnam’s 3.3 per cent in the global textile market. Indonesia continues to stand at sixth position in the US imports, the same position it held in 2000. However, Vietnam has jumped from 82nd position in 2000 to third position now, Ade said.

In 2013, Indonesia’s textile exports increased by 1.76 per cent 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 per cent year-on-year to $7.5 billion in 2014.

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Reading Time: 2 minutes

The value of textile exports from Indonesia is likely to touch $13.3 billion in 2014, which would be an increase of 5 per cent 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 on April 15.

Reading Time: 2 minutes

Indonesia fashionThe value of textile exports from Indonesia is likely to touch $13.3 billion in 2014, which would be an increase of 5 per cent 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 on April 15.

Meanwhile, Indonesia’s textile exports to the EU are also expected to gain momentum as the Southeast Asian nation and the EU is planning to restart negotiations on a trade agreement. Once materialised, 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 per cent in 2007 to 0.89 per cent in 2013, and hence, the EU-Indonesia trade agreement would be important for the Indonesian textile industry, Ade said.

He said Vietnam has overtaken Indonesia in world textile trade. Indonesian textiles have about 1.8 per cent share compared to Vietnam’s 3.3 per cent in the global textile market. Indonesia continues to stand at sixth position in the US imports, the same position it held in 2000. However, Vietnam has jumped from 82nd position in 2000 to third position now, Ade said.

In 2013, Indonesia’s textile exports increased by 1.76 per cent 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 per cent year-on-year to $7.5 billion in 2014.

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