Minister of Trade Zulkifli Hasan released the export of PT Kewalram's textile products in Sumedang, West Java, today, Saturday (13/8/2022). The textile products exported were 10 containers of polyester yarn worth USD 400 thousand to Germany, Poland, Malaysia, India and Estonia. In addition to traditional countries, PT Kewalram has now also started exporting its products to non-traditional countries. For this reason, said Trade Minister Zulkifli Hasan, this export release is a momentum for expanding export market access for Indonesian products and for national economic recovery after the Covid-19 pandemic. Also attending the event were the Regent of Sumedang Dony Ahmad, the General Chair of the Indonesian Textile Association (API) Jemmy Kartiwa Sastraatmaja, and the President Director of PT Kewalram Masuvathi Ramier Krishnamurthy. "The release of these exports can be a momentum to expand the export market for Indonesian products in the future and become a driving force for the Indonesian economy during the recovery period after the pandemic," said Trade Minister Zulkifli Hasan, Saturday (13/8/2022). Trade Minister Zulkifli Hasan said that in 2021 Indonesia will be in the 15th position as the largest textile and textile product (TPT) exporter, with an increase of 25.28% compared to 2021.
In the January-May 2022 period, the value of Indonesian textile exports to the world reached USD 5.5 billion. This value is up 22% from the same period the previous year which was recorded at USD 4.2 billion. Meanwhile, the value of world textile imports in 2021 will reach USD 403.62 billion, with a 2020-2021 growth rate of 22.46%. This increase indicates that fashion product sales are starting to recover globally in 2022. The top five largest textile importing countries in the world are the United States, Germany, China, France, and Vietnam. These five countries are included in the 60 countries that have been PT Kewalram's export destinations so far. "I appreciate PT Kewalram who continues to encourage increased exports by becoming one of the productive textile producers so that it can contribute to Indonesia's economic recovery. We will continue to support companies like this. If an advanced export-oriented company, Indonesia will also advance," added Trade Minister Zulkifli Hasan.
