Indonesia's Textile Export Value Falls Through May 2024

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Adi Ahdiat 06/08/2024 15:47 WIB

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Indonesia's textile export value declined by 2.66% (year-on-year) during the January-May 2024 period. The main decline occurred in the yarn spinning, woven fabric, and other textile goods sub-sectors

Indonesia's Textile Industry Export Value: January-May (2023-2024)

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Indonesia's Textile Export Value Falls Through May 2024

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Indonesia's Textile Industry Export Value: January-May (2023-2024)

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Based on data from the Central Statistics Agency (BPS), Indonesia's textile industry export volume from January to May 2024 reached 666.8 thousand tons, up 6.16% compared to January-May last year (year-on-year/yoy).

However, during this period, the export value decreased by 2.66% (yoy) to US$1.49 billion.

This decline in export value was not uniform. The weakening textile industry sub-sectors in January-May 2024 were only spun yarn, woven fabrics, and other textile goods.

Meanwhile, the export value of man-made staple fiber, man-made filament yarn/strip, knitted fabrics, textile fibers, embroidered/lace fabrics, and silk strengthened.

Here's a breakdown of the growth of textile industry sub-sectors in the January-May 2024 period, separated into those that weakened and those that strengthened:

Weakening Export Value:

* Spun yarn: down 14.04% (yoy)
* Woven fabrics: down 10.36% (yoy)
* Other textile goods: down 9.28% (yoy)

Strengthening Export Value:

* Man-made staple fiber: up 15.81% (yoy)
* Man-made filament yarn/strip: up 11.90% (yoy)
* Knitted fabrics: up 28.85% (yoy)
* Textile fibers: up 7.06% (yoy)
* Embroidered/lace fabrics: up 14.16% (yoy)
* Silk: up 66.34% (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."