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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 Indonesia Export Products Can Be Increase Because Number of Countries Have Started Loosen Lockdown


				
			
			
Indonesia Export Products Can Be Increase Because Number of Countries Have Started Loosen Lockdown PDF Print E-mail
Written by Maizer   
Wednesday, 13 May 2020
A number of export commodities are seen to have positive prospects as the regional quarantine policy is loosened in a number of countries. Nevertheless, Indonesia's export performance is still difficult to recover as it was before the Covid-19 pandemic because global demand conditions will not improve in the near future.

 

Deputy Chairman of the Indonesian Employers' Association (Apindo) Shinta W. Kamdani sees potential export commodities currently covering a number of primary commodities such as coal and metal mining commodities which include copper and nickel.

 

He also said there was potential for palm oil and paper as a result of market diversification to non-traditional countries.

 

As for manufactured products, Shinta estimates that new exports will recover by the end of the year or in 2021. According to him, the manufacturing product segment will depend on the conditions in the export destination countries.

 

A number of countries such as China, Vietnam and New Zealand have so far relaxed their quarantine policy following the development of the Covid-19 case which shows a slowing trend. This easing was followed by the commencement of economic activities by implementing the health protocol.

 

Chairman of the Indonesian Export Entrepreneurs Association (GPEI) Benny Soetrisno stated that exports to China had indeed begun to run normally after the local government reopened services at a number of ports.

 

In addition to primary commodities, Benny said other commodities that have potential amid easing include plantation products such as coffee, cocoa and pepper. He also estimates that fishery products such as shrimp and seaweed are also potential.

 

On the other hand, exports of manufactured products could start moving in the third quarter depending on the recovery in the destination country. He said the manufacturing products included textiles, furniture, shoes, and electronic products and components. The contraction in exports itself is said to occur because many countries are delaying orders.

 

"Many orders on various commodities have been postponed during Covid-19. So when the country is able to control it, the order can be resumed, "said Benny

 

Citing a report from the Central Statistics Agency (BPS), the value of Indonesia's exports from January to March 2020 reached US $ 41.79 billion, an increase of 2.91 percent over the same period in 2019, as well as non-oil exports reached US $ 39.49 billion or an increase of 6.39 percent.

 

The largest increase in non-oil and gas exports in March was contributed by iron and steel by US $ 220.9 million, up 36.19 percent compared to February 2020, while the biggest decrease occurred in vehicles and parts by US $ 93.8 million (12.50 percent).

 

In terms of destination countries, the biggest monthly increase occurred in exports to Hong Kong, which rose US $ 177.1 million and was followed by exports to China which rose US $ 103.6 million.

 

 
		
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