Garment Industry Exports Strengthen in Q1 2024

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Adi Ahdiat 11/06/2024 17:08 WIB

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According to BPS data, Indonesia's ready-to-wear clothing export value strengthened in Q1 2024.

Indonesia's Ready-Made Garment Export Value, Quarter I (2023-2024)

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Garment Industry Exports Strengthen in Q1 2024

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Indonesia's Ready-Made Garment Export Value, Quarter I (2023-2024)

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Based on data from the Central Statistics Agency (BPS), Indonesia's ready-to-wear clothing industry export performance strengthened at the beginning of this year.

In the first quarter of 2024, the industry's export value reached US$2.04 billion, up 1.32% compared to the first quarter of last year (year-on-year/yoy).

However, the performance strengthening did not occur evenly across all sub-sectors.

The ready-to-wear clothing industry sub-sectors that strengthened in Q1 2024 were only ready-to-wear clothing (confectionery) from textiles; and ready-to-wear clothing and accessories from leather.

Meanwhile, the sub-sectors of knitted ready-to-wear clothing; textile clothing accessories; and knitted socks and the like weakened.

Here is a breakdown of the growth of ready-to-wear clothing industry sub-sectors in Q1 2024, separated between those that strengthened and weakened:

Export Value Strengthened:

* Ready-to-wear clothing (confectionery) from textiles: up 3.91% (yoy)
* Ready-to-wear clothing and accessories from leather: up 15.56% (yoy)

Export Value Weakened:

* Knitted ready-to-wear clothing: down 16.93% (yoy)
* Textile clothing accessories: down 7.42% (yoy)
* Knitted socks and the like: down 8.32% (yoy)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Garment Industry Exports Strengthen in Q1 2024

Garment Industry Exports Strengthen in Q1 2024

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Garment Industry Exports Strengthen in Q1 2024

Garment Industry Exports Strengthen in Q1 2024

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