Wednesday, 15 June 2022 14:26

Up 14%, Indonesian Fabric Export Value Reaches USD 146 Million

Fabric exports (Harmonized System Code/HS Code 56 – 60) which are part of the Textile and Textile Products (TPT) industry cumulatively in January – March 2022 were recorded at USD 146.55 million. This number has increased by 14.63% compared to the same period last year or year on year (YoY). Meanwhile, the export volume of cloth was recorded at 30.93 thousand tons. This number increased by 7.57% yearly or yoy. The increase in cloth exports reached 83.93% during the first quarter of 2022, supported by total exports of Indonesian fabrics such as layered woven fabrics (HS Code 59) which increased by 43.19% yoy. This was followed by an increase in sales of cotton wadding and rope (HS Code 56) by 6.25% yoy, and knitted fabrics (HS Code 60) by 12.44% yoy.


Head of the Indonesia Eximbank Institute (IEB Institute) Division, Indonesian Export Financing Agency (LPEI)/Indonesia Eximbank Rini Satriani explained, in general, the increase in fabric sales was driven by the recovery in apparel demand, in line with social activities that returned to normal after the spread of the Omicron variant was controlled. "The use of e-commerce platforms in the midst of the pandemic has also become a positive catalyst because export sales of Indonesian fabrics are supported by a larger platform than before, so as to increase the consumer base," Rini said in Jakarta, Tuesday (14/6). Based on data processed by the IEB Institute, during the first quarter of 2022, the export value and growth of the five export destinations for Indonesian fabrics, namely to Japan, amounted to USD 28.33 million or grew by 13.78% (YoY), Vietnam by USD 18.15 million. by growing 11.50% (YoY). Then the United States amounted to USD 11.07 million or increased by 11.91% (YoY) and India by USD 10.25 million or grew 31.05% (YoY). Meanwhile, for the same period, Indonesian cloth exports to South Korea decreased by 11.50% or reached USD 8.23 million.


The growth of cloth exports to the main destination countries has increased, with the exception of South Korea due to the high number of cases of Covid-19 infection during the first three months of this year. "The high demand from Japan is in line with the seasonal effect in the form of the need for clothing production for spring and the easing of activity restrictions as of March 1, 2022. Furthermore, the increase in demand from Vietnam is not only due to controlling the spread of Covid-19 infection, but also due to the transfer of orders from China to Vietnam as one of the fabric producing countries," said Rini Satriani. LPEI's Managing Director for Institutional Relations, Chesna F. Anwar added, LPEI has a SME Export Special Assignment program which is intended for export-oriented business actors to maintain business continuity. "This program is part of the national economic recovery that the Government has given us. We hope that the actors can use this program."


Source: https://www.merdeka.com/uang/naik-14-persen-nilai-ekspor-kain-indonesia-tembus-usd-146-juta.html

 

 

platinum sponsor panel

piaggio logovfs global banner

institution partner panel2 

embassy of italy logoinstituto italianoita logo

business partners panel2

emabssy indonesia rome  kadin indonesia logo  eibn logo  iccs ibai logo  aidc logo  appmi logo