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APSyFI: The national textile industry is headed for a trade deficit, 2018 exports grow 1% and imports grow 14% (yoy).--IKATSI: The growth of the national textile industry is still hampered by floods of imports, Indonesia needs a clothing security law.


	
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Home arrow Latest News arrow Textile Industry Ready to Get Out of Global Pressure


				
			
			
Textile Industry Ready to Get Out of Global Pressure PDF Print E-mail
Written by Maizer   
Tuesday, 11 February 2020

The textile and apparel industry showed a brilliant performance throughout 2019 by recording a growth of 15.35%. This achievement shows progress that continues to improve amid pressure from global economic conditions. Significant growth in the textile and apparel industry sector was supported by increased apparel production in industrial centers.

 

"Based on the Making Indonesia 4.0 road map, the textile and apparel industry as one of the five manufacturing sectors is a priority in its development. Especially in the readiness to enter the industrial era 4.0, because with the use of industrial technology 4.0, it will encourage an increase in industrial sector productivity more efficiently, "said Industry Minister Agus Gumiwang Kartasasmita.

 

Agus revealed, the textile industry and testile products (TPT) also recorded export values ​​throughout 2019 which reached USD 12.9 billion. As one of the labor-intensive sectors, the sector has absorbed a workforce of 3.73 million people.

 

Therefore, the Ministry of Industry undertook several steps to continue to improve the performance of the sector, among others by encouraging expansion of market access and restructuring of machinery and equipment. "So, to boost the competitiveness of the textile industry, many things are being spurred on by us. For example, facilitating the availability of raw materials and energy supplies, "said Agus.

 

Because, according to Agus, other non-oil and gas industry sectors that also grew optimally in 2019 were the paper industry, and goods from paper, printing and reproduction of the recording media by 8.86% in line with the increase in foreign demand. Furthermore, the chemical, pharmaceutical and traditional medicine industries were 8.38%, whose growth was driven by an increase in the production of chemicals, chemical products, and pharmaceutical products, chemical drugs and traditional medicines.

 

Then, the furniture industry reached 8.35% which was influenced by an increase in foreign demand, thereby encouraging export growth. Meanwhile, the food and beverage industry with a stable growth of 7.78%, supported by increased production of Crude Palm Oil (CPO) or crude palm oil.

 

As stated by the Central Statistics Agency, the global economy in Quarter IV-2019 is estimated to be still weak and unstable due to weak global trade and investment. Cumulatively, Indonesia's economic growth in 2019 grew by 5.0-2% compared to 2018.

 

Ministry of Industry is Optimistic The Ministry of Industry is optimistic about the target of economic growth, as well as the performance of the country's manufacturing industry that will continue to improve, even able to reach the growth target of 5.3%. Especially if it is supported by setting gas prices for industries expected to be a maximum of USD6 per million metric British thermal units (MMBTU).

 

"Previously, we conveyed seven issues in the industrial sector that must be followed up, if the issue of gas prices for industry can be resolved, the government is optimistic about the growth target of the industrial sector," Agus said.

 

Agus revealed, besides that the contribution of the Gross Domestic Product (GDP) of the non-oil and gas manufacturing sector to the total GDP in 2019 reached 17.58%. The figure shows that the industrial sector continues to consistently provide the largest contribution to the national economy. "Moreover, industrial activity has a broad dual effect on increasing the value added of domestic raw materials, absorption of local labor, and foreign exchange earnings from exports," Agus said.

 

 
		
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