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Indonesia garment exports down three per cent

Indonesia’s garment exports for the 10 month period until October 2019 decreased 3.6 per cent. The three biggest destinations for Indonesian garment exports are the United States, Japan and Germany. Until October 2019, the Indonesian garment market share in the US market fell from 4.6 per cent in ten months of 2018 to 4.4 per cent in ten months of 2019.

Growth in the textile industry and textile products in the third quarter of 2019 increased to 15.08 per cent. This achievement is much higher than the achievement in the same period in 2018, which is 10.08 per cent. The increase in textile industry growth in the third quarter was due to increased domestic demand. But the decline in Indonesian garment exports causes minimal production growth so that company revenues are reduced.

The textile industry is one of the five manufacturing sectors that are being prioritized for development as a pioneer sector within the framework of Industry 4.0. By 2030, Indonesia’s textile industry is expected to be one of the five largest textile producers in the world. The industrial structure has been integrated from upstream to downstream. Encouragement is being given to exports of textile products.