Indonesian Textile Export Target Reduced To 13.1 Billion US Dollars This Year

Indonesia textile industry API concerns the world Critical menstruation The impact is growing, while the revision of exports this year index From $13.6 billion to $13.1 billion.

API president Adrian said the impact on exports began to be felt in September. The results of the survey on various enterprises showed that the average export of Indonesia's textiles decreased by 1% to 2%. The main export destination of Indonesia's textiles was European and American countries. The market share of the United States accounted for 36% of the total exports, while the European countries accounted for 14%. Even so, the export adjustment will not be too large. The new export target of US $13.1 billion is still 16.75% higher than last year's US $11.22 billion.

As for next year's export indicators, he admitted that due to the uncertainty of world economic development, it is impossible to calculate the next year's indicators. Usually, the figures can be determined in October. However, he estimates that exports will grow by less than 10% next year.

As a result of the increase in the prices of their products to Vietnam, Indonesia, Thailand and the East Asia region, the increase in the production cost of these countries, such as Thailand, Thailand and Thailand, is still affected by the increase in domestic production.

He believes that the government must take real-time actions to overcome the impact of the crisis, such as improving the competitiveness of domestic industries, through infrastructure construction and providing certainty in the supply of gas to industry. In addition, the government should step up discussions with the EU and Australia on FTA.