ID :
63405
Sat, 05/30/2009 - 23:35
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https://www.oananews.org//node/63405
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INDONESIAN GARMENT EXPORTS DOWN 0.8 PCT
Jakarta, May 30 (ANTARA) - Indonesian garment exports have dropped around 0.8 percent due to the impact of the financial crisis in the US, the executive director of Textile Indonesia, Retmo, said here on Saturday.
"Our textile production is down around five percent as a result of a drop in exports," Retmo said.
She said however that in the first quarter this year the domestic market was up around 25 percent.
Right now the Chinese market is shrinking and therefore exports to the US, Europe and Japan also declined.
Indonesian garments' major markets are the US, Europe and Japan. Retmo said exports from China, Mexico and India to the US had also dropped almost three percent.
She said however that exports from several countries such as Vietnam and Bangladesh to the US were up.
Retmo said compared with the hike in the domestic market the drop in the garment exports was low because "out total textile production is 65 to 70 percent for exports while the rest for domestic consumption."
She was optimistic that situation would turn back in the second quarter like in China, South Korea and Taiwan.
The recovery in Japan and the US might probably be longer at the end of this year and therefore exports to those countries are expected to start recovering in the fourth quarter.
"Situation will possibly only return to normal like before the crisis in 2010," she said.***
"Our textile production is down around five percent as a result of a drop in exports," Retmo said.
She said however that in the first quarter this year the domestic market was up around 25 percent.
Right now the Chinese market is shrinking and therefore exports to the US, Europe and Japan also declined.
Indonesian garments' major markets are the US, Europe and Japan. Retmo said exports from China, Mexico and India to the US had also dropped almost three percent.
She said however that exports from several countries such as Vietnam and Bangladesh to the US were up.
Retmo said compared with the hike in the domestic market the drop in the garment exports was low because "out total textile production is 65 to 70 percent for exports while the rest for domestic consumption."
She was optimistic that situation would turn back in the second quarter like in China, South Korea and Taiwan.
The recovery in Japan and the US might probably be longer at the end of this year and therefore exports to those countries are expected to start recovering in the fourth quarter.
"Situation will possibly only return to normal like before the crisis in 2010," she said.***
