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Indonesia's Textile Exports Have Gradually Shifted To Asian Markets

Jan 10, 2018

According to official statistics, according to the October 1 - (2017) years, benefiting from Asian markets such as Japan, South Korea and China a surge in demand, the Indonesian garment exports have rebounded, but the United States and the European Union the demand of the market is stagnant.

According to statistics, in October 2017, the export amount of Indonesian textile garments rose 15.1% from the same period of the previous year, which was 18.3% and 3.8% respectively in August and September respectively.

From January to October of 2017, the total export volume of Indonesian textile ready-to-wear (in dollar terms) increased by 5.5% year on year, compared with 4.4% in the same period of 2016.

The increase in the export value of Indonesian textile exports has been caused by a sharp rise in export prices due to the sharp increase in labor costs.

It is understood that the main market for textile exports in Indonesia is the United States, accounting for about 55% of the total export volume of Indonesian textile clothing.

In the third quarter of 2017, the import volume of American garment imports from the United States increased by 4.5 percent compared with the same period in 2016, and the total imports remained stable.

At present, the market share of Indonesian textile ready-to-wear in the United States is gradually shrinking, which is the fourth largest supplier of American textile garments, accounting for 5% of the total import amount of American textile garments.

In the first three months of 2017, the textile clothing export amount of Indonesia to Australia was up 12% over the same period in 2016, growth of 17.6%, exports to South Korea to China grew 20%, Indonesia's garment exports focus gradually shift to the Asian market.

Japan is the second largest export destination countries of Indonesia after the United States, accounted for about 10% of all textile garment exports, mainly by the Indonesian duty free trade agreement with Japan, the Ming (2018) in Indonesia is expected to free trade agreement with Australia.