JAKARTA - The Ministry of Industry (Kemenperin) has released exports of domestic textile fabric products to Dubai. The transaction value for the production of PT Mahugi Jaya Sejahtera's textile fabric reaches US $ 350,000 or Rp. 5.61 billion (exchange rate of Rp. 16,017 per US dollar).
Acting (Plt) Director General of Chemical, Pharmaceutical and Textile Industries (IKFT) of the Ministry of Industry, Taufiek Bawazier, welcomed and appreciated the steps taken by PT Mahugi Jaya Sejahtera who worked on the Dubai market, and parts of the Middle East.
"It is marked by the release of exports of three containers of cloth worth US$350,000," he quoted Antara as saying. According to him, the export indicates an annual sales commitment of 5 million meters from related companies, as well as opening up Indonesia's non-traditional market to countries in the central eastern region. He explained that the garment and textile markets in the Middle East are expected to continue to grow significantly for the next 5 years. With an annual growth projection of 7 percent, the fashion market has a value of 89 billion US dollars. Currently, Indonesia's export allocation of textiles and clothing to the region is only 5.4 percent of the total textile and textile product exports (TPT) or 753 million US dollars, and only 1.5 percent of the market share.
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This figure is far below China and India, which share 38.3 percent and 21.4 percent respectively. Therefore, according to him, exports made by one of the companies in West Java could be a pioneer for increasing exports of domestic textile products. Previously, the Ministry of Industry stated that the textile industry and finished clothing grew expansively (year on year/yoy) in the first quarter of 2024 with a value of 5.90 percent and 2.64 percent, respectively, due to high export demand. This expansionary increase also increased the contribution of the processing industry to economic growth, which was 19.28 percent (yoy), or up from the same period in 2023 which was only 18.57 percent (yoy).
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