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Textile Export Performance in Q1 2024: Not All Sectors Weakened

Adi Ahdiat 13/06/2024 11:53 WIB

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According to BPS data, the weakening export performance of the textile industry in Q1 2024 was limited to spun yarn, woven fabrics, and other textile goods, while other sub-sectors strengthened.

Indonesia's Textile Industry Subsector Export Value, Quarter I (2023-2024)

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Textile Export Performance in Q1 2024: Not All Sectors Weakened

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Indonesia's Textile Industry Subsector Export Value, Quarter I (2023-2024)

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Based on data from the Central Statistics Agency (BPS), the performance of textile industry exports weakened at the beginning of this year.

In the first quarter of 2024, the total value of national textile industry exports reached US$913.84 million, down 2.14% compared to the first quarter of last year (year-on-year/yoy).

However, this decline in export performance did not occur evenly across all sub-sectors.

The sub-sectors of the textile industry that weakened in Q1 2024 were only spun yarn, woven fabrics, and other textile goods.

Meanwhile, the sub-sectors of man-made staple fiber, man-made filament yarn/thread/strip, knitted fabrics, textile fibers, embroidered/lace fabrics, and silk actually strengthened, as seen in the graph above.

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

Weakening export value:

* Spun yarn: down 12.89% (yoy)
* Woven fabrics: down 9.11% (yoy)
* Other textile goods: down 7.3% (yoy)

Strengthening export value:

* Man-made staple fiber: up 15.05% (yoy)
* Man-made filament yarn/thread/strip: up 15.26% (yoy)
* Knitted fabrics: up 29.22% (yoy)
* Textile fibers: up 5.99% (yoy)
* Embroidered/lace fabrics: up 16.8% (yoy)
* Silk: up 186.53% (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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Textile Export Performance in Q1 2024: Not All Sectors Weakened

Textile Export Performance in Q1 2024: Not All Sectors Weakened

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Textile Export Performance in Q1 2024: Not All Sectors Weakened

Textile Export Performance in Q1 2024: Not All Sectors Weakened

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