Netizen Journalist

Minister of Free Trade and Export of Textile Products Worth IDR 5.8 Billion

Holiday Ayo - Trade Minister Zulkifli Hasan alias Zulhas released the export of PT Kewalram's textile products in Sumedang, West Java. The textile products exported were 10 containers of polyester yarn worth US$ 400 thousand or equivalent to IDR 5.8 billion (exchange rate of IDR 14,660).

The textile products exported were 10 containers of polyester yarn to Germany, Poland, Malaysia, India and Estonia.

Apart from traditional countries, PT Kewalram has now also started exporting its products to non-traditional countries. For this reason, said Trade Minister Zulkifli Hasan, the release of exports is a momentum for expanding export market access for Indonesian products and for national economic recovery after the COVID-19 pandemic.

"The release of these exports can be a momentum for the expansion of the export market for Indonesian products and become a driving force for the Indonesian economy during the recovery period after the pandemic," said the Minister of Trade as quoted by idntimes.com.

Trade Minister Zulkifli Hasan said that in 2021 Indonesia will be in the 15th position as the largest textile and textile product (TPT) exporter, with an increase of 25.28 percent compared to 2021.

In the period from January to May 2022, the value of Indonesian textile exports to the world reached US$5.5 billion. This value is up 22 percent from the same period the previous year which was recorded at US$4.2 billion.

Meanwhile, the value of world textile imports in 2021 will reach 403.62 billion US dollars, with a 2020-2021 growth rate of 22.46 percent. This increase indicates that fashion product sales are starting to recover globally in 2022.

Furthermore, the top five largest textile importing countries in the world are the United States, Germany, China, France, and Vietnam. These five countries are included in the 60 countries that have been PT Kewalram's export destinations so far.

"I appreciate PT Kewalram who continues to encourage increased exports by becoming one of the productive textile producers so that they can contribute to Indonesia's economic recovery. We will continue to support companies like this. If export-oriented companies advance, Indonesia will also advance," said the Trade Minister.

Chairman of the Indonesian Textile Association (API), Jemmy Kartiwa Sastraatmaja, said that API will continue to support government policies to increase exports of Indonesian products, especially textile products.

"It is necessary to protect and regulate the domestic textile industry in order to have the same opportunities and opportunities so that they can compete with foreign textile products entering the Indonesian market," he said.

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