Indonesian textile exports up 0.62% in first half of 2017
Indonesia improved marginally by 0.62 per cent in its textile and garment exports on the Y-o-Y basis in the first half of 2017. Rise in knitwear garment exports, up 20.4 per cent in the period, contributed significantly in mounting exports. This surge would encourage the exporters to keep the same momentum for the rest of the year. However, the country noted a decline in exports to major markets such as the USA, the EU and Japan by 3.6 per cent, 4 per cent and 5 per cent, respectively.
According to the Indonesian Textile Association (API), the growth noted is a pleasing sign for the Indonesian textile and garment exporters, as despite the falling demand for textile products in the global market, the country somehow managed to continue its positive trend.