Economic turmoil has begun to affect the world

The current economic turmoil has begun to affect the world, affecting most countries in textile and garment export business. However, one country seems to outperform this trend, it is Indonesia, the Indonesian clothing exports of high-speed development, the present composition of the Indonesian textile industry exports 60%. This year, a huge investment in the garment industry to reach 363 million U.S. dollars, therefore, the growth rate this year is expected to reach 11.4%, 10% annual growth rate of 2009. At the end of garment export is expected to reach 6.4 billion U.S. dollars, compared with exports of 5.82 billion U.S. dollars last year.

Garment export growth rate faster, the textile industry will be greater than expected growth rate of 8 percent. Exports is expected to reach 10.8 billion U.S. dollars, higher than last year’s 10.3 billion U.S. dollars. Although the major textile enterprises, massive layoffs, but the garment industry has grown by 50,000 workers, employed in 2008 reached 10 billion. Clothing exports in global exports as a proportion of only 3-4%, the exporting country in the world ranked 11, but if a small number of other Asian countries to learn best practices used in the manufacturing sector over the next few years, Indonesian apparel exports the world market share will increase. Exporters, said exporters are facing the greatest obstacle is the lack of proper communication and marketing tools, it is also a large extent, the lack of research and development.

United States and the EU remains the main Indonesian garment export market, Russia and the Middle East market as a supplement. Indonesia, the U.S. market accounted for 26 percent of apparel exports, followed by the European Union, the ratio was 12 percent, 5 percent of ASEAN, Japan 3%.