Value of Bali's Clothing Exports Down Slightly
Bali Exporting More Clothing But Earning Less in 2008.
(6/28/2008) Bali's Garment sector is suffering from intense competition from their counterparts in China, Vietnam and India who, according to an Antara report, are producing goods of better quality and lower price.
Adding to Bali's garment sector's woes, according a local clothing exporter, is the downturn in the American economy which has been a traditionally large market for Bali-made clothing in the past.
Officials from the Industry and Commerce Departments in Bali estimate that value of ready-to-wear clothing exports from Bali have declined 3% during the first five months of 2008 despite a 112% increase in the volume of exports during the same period. Foreign exchange earned from ready-to-wear clothes exports from Bali for January-May 2008 totaled US$60.7 million for 35 million items. The same period in 2007 saw 16.5 million pieces of clothing worth US$62.7 million exported from Bali.