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Indonesia see growth in TPT exports in first 2 months of this year

Related Keywords: compete well globally, first two months of this year, Indonesian textile and textile products, Industry Minister Airlangga Hartarto, industry needs revitalization, machines need replacement, three percent higher than in the same period last year, TPT exports, TPT industry integrated from upstream to downstream sectors, valued at USD two billion

Indonesian textile and textile products (TPT) exports in the first two months of this year were valued at US$2 billion or 3 percent higher than in the same period last year as the TPT industry has been integrated from upstream to downstream sectors as a result they could compete well globally, said Industry Minister Airlangga Hartarto.

Indonesia need to increase focus on its TPT industry

Related Keywords: fibers and yarns, Garments, Indonesia textile association, Indonesian TPT industry, manufacturing sector, rupiah fluctuations, TPT exports

The textile and textile products (TPT) industry is one of the important manufacturing sectors in Indonesia, with gross domestic product (GDP) valued at Rp 172.4 billion (US$14.4 billion) in 2013. Currently, the TPT industry continues to encounter many challenges and uncertainties, based on that the Indonesian Textile Association (API) has estimated that Indonesian TPT exports will reach $12.9 billion in 2014 which is lower than the previous projection, which was $13.3 billion.
 

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