Indonesian textile exports up by 5% in 2017
Indonesia's textile exports
rose by 5 per cent on a year-on-year basis in 2017 after
being stagnant in the 2012-2016 period despite a decline in
global textile demand in the year.
Exports to the United States and Japan fell by 2 per cent
each in 2017, while to the European Union (EU) fell by 3 per
cent. These declines were offset by rising textile demand
in Southeast Asia and the Middle East.
The United States still remains the biggest market for
Indonesian textiles. About 36 per cent of Indonesian textile
shipments go there. On second place comes the Middle East
(23 per cent), followed by the EU (13 per cent).
Indonesia's competitiveness, in general, has improved in the
textile sector which has attracted more investment because
of the country’s
stable economy, a leading portal monitoring the country’s
Various textile factories were moved from West Java and
Banten to Central Java several years ago because minimum
wages rose too steeply in West Java and Banten. Central Java
still offers a relatively cheap production environment.
Nearly $759 million was invested in Indonesia's textile
industry in the January-September 2017 period, much higher
than the figure in the same period a year earlier, according
to statistics from the country’s Investment Coordinating