Mon, 14 Feb 2011
Jakarta (ANTARA News) - The Free Trade Agreement (FTA) with China has increased Indonesia`s exports of textile and textile products to that country by more than 30 percent last year securing Indonesia`s position as an exporter of the products to China, the Indonesian Textile Association (API)said.

API chairman Ade Sudrajat said on Sunday that textile exports to China increased by 70 percent, fibers 65 percent and yarn 65 percent in 2010. "Indonesia is a reliable source for China for basic materials of the textile industry," Sudrajat said.

According to Sudrajat, demand for textile and textile products in China, a country of 1.3 billion people, could not fully met domestically. The demand has been growing rapidly as per capita textile consumption in China has increased from 12 kg to 18 kg per capita each year.

Meanwhile, Trade Minister Mari Elka Pangestu said that exports of textile and textile products to China last year consisted of garments 60 pct, fiber yarn three pct.

In a discussion with the press in Bandung, Minister Pangestu said that the competitiveness of China`s textile industry had weakened due the rising manpower cost. In addition, trade tension with the United States and the European Union also had affected China`s textile competitiveness.

On the other hand, in the last three years Indonesia had achieved its textile industry development target. "However, Indonesia still needs to improve quality and promotion," she said.

Indonesia has set the target for the exports of textile and textile products to China at 15 billion US dollars, compared to last year`s years 11.2 billion US dollars.

However, by Indonesia has anticipated a decline in its exports of textile and textile products to China this year due to the rising prices of the basic materials, including cotton which had increased by 150 percent on the world markets.

The international price of cotton in 2010 stood at 1.5 US dollars and now has increased to 4.2 US dollars per kilogram.(*)



News Search/Filter
Transaction Rates
15 Oct 18
Buy
Sell
AED1
4,143.74
4,143.74
AFN1
200.32
200.32
ALL1
140.57
140.57
AMD1
31.34
31.34
ANG1
8,577.48
8,577.48
AOA1
50.49
50.49
ARS1
414.45
414.45
AUD1
10,816.83
10,816.83
AWG1
8,455.49
8,455.49
AZN1
8,939.72
8,939.72
BAM1
9,142.46
9,142.46
BBD1
7,609.93
7,609.93
BDT1
181.79
181.79
BGN1
8,998.55
8,998.55
BHD1
40,370.69
40,370.69
BIF1
8.50
8.50
BMD1
15,219.87
15,219.87
BND1
10,792.64
10,792.64
BOB1
2,202.66
2,202.66
BRL1
4,026.19
4,026.19
BSD1
15,219.87
15,219.87
BTC1
97,625,714
97,625,714
BTN1
206.78
206.78
BWP1
1,426.04
1,426.04
BYN1
7,157.71
7,157.71
BZD1
7,574.97
7,574.97
CAD1
11,686.09
11,686.09
CDF1
9.36
9.36
CHF1
15,360.50
15,360.50
CLF1
607,628.35
607,628.35
CLP1
22.39
22.39
CNH1
2,197.88
2,197.88
CNY1
2,198.70
2,198.70
COP1
4.91
4.91
CRC1
25.62
25.62
CUC1
15,219.87
15,219.87
CUP1
591.06
591.06
CVE1
158.99
158.99
CZK1
681.54
681.54
DJF1
85.48
85.48
DKK1
2,356.48
2,356.48
DOP1
305.01
305.01
DZD1
128.61
128.61
EGP1
848.16
848.16
ERN1
1,014.33
1,014.33
ETB1
550.62
550.62
EUR1
17,579.86
17,579.86
FJD1
7,046.20
7,046.20
FKP1
19,942.60
19,942.60
GBP1
19,942.60
19,942.60
GEL1
6,219.83
6,219.83
GGP1
19,942.60
19,942.60
GHS1
3,123.42
3,123.42
GIP1
19,942.60
19,942.60
GMD1
307.78
307.78
GNF1
1.68
1.68
GTQ1
1,967.14
1,967.14
GYD1
72.77
72.77
HKD1
1,942.61
1,942.61
HNL1
632.05
632.05
HRK1
2,373.28
2,373.28
HTG1
218.09
218.09
HUF1
54.21
54.21
IDR1
1.00
1.00
ILS1
4,189.15
4,189.15
IMP1
19,942.60
19,942.60
INR1
206.54
206.54
IQD1
12.77
12.77
IRR1
0.35
0.35
ISK1
130.79
130.79
JEP1
19,942.60
19,942.60
JMD1
114.05
114.05
JOD1
21,451.27
21,451.27
JPY1
135.63
135.63
KES1
150.91
150.91
KGS1
222.05
222.05
KHR1
3.72
3.72
KMF1
35.73
35.73
KPW1
16.91
16.91
KRW1
13.44
13.44
KWD1
50,181.58
50,181.58
KYD1
18,269.84
18,269.84
KZT1
41.07
41.07
LAK1
1.78
1.78
LBP1
10.06
10.06
LKR1
89.71
89.71
LRD1
96.97
96.97
LSL1
1,047.42
1,047.42
LYD1
11,024.38
11,024.38
MAD1
1,610.93
1,610.93
MDL1
898.14
898.14
MGA1
4.30
4.30
MKD1
285.50
285.50
MMK1
9.53
9.53
MNT1
6.11
6.11
MOP1
1,886.43
1,886.43
MRO1
42.63
42.63
MRU1
423.95
423.95
MUR1
443.34
443.34
MVR1
985.09
985.09
MWK1
21.03
21.03
MXN1
806.06
806.06
MYR1
3,663.49
3,663.49
MZN1
251.56
251.56
NAD1
1,045.68
1,045.68
NGN1
41.92
41.92
NIO1
473.62
473.62
NOK1
1,862.20
1,862.20
NPR1
129.23
129.23
NZD1
9,893.52
9,893.52
OMR1
39,533.47
39,533.47
PAB1
15,219.87
15,219.87
PEN1
4,564.36
4,564.36
PGK1
4,534.22
4,534.22
PHP1
281.22
281.22
PKR1
114.36
114.36
PLN1
4,089.78
4,089.78
PYG1
2.56
2.56
QAR1
4,182.10
4,182.10
RON1
3,771.48
3,771.48
RSD1
148.77
148.77
RUB1
230.62
230.62
RWF1
17.37
17.37
SAR1
4,057.49
4,057.49
SBD1
1,917.31
1,917.31
SCR1
1,117.46
1,117.46
SDG1
597.54
597.54
SEK1
1,696.70
1,696.70
SGD1
11,039.35
11,039.35
SHP1
19,942.60
19,942.60
SLL1
1.81
1.81
SOS1
26.29
26.29
SRD1
2,040.74
2,040.74
SSP1
116.83
116.83
STD1
0.72
0.72
STN1
717.24
717.24
SVC1
1,740.02
1,740.02
SYP1
29.53
29.53
SZL1
1,045.68
1,045.68
THB1
464.87
464.87
TJS1
1,616.13
1,616.13
TMT1
4,348.55
4,348.55
TND1
5,354.77
5,354.77
TOP1
6,600.43
6,600.43
TRY1
2,581.78
2,581.78
TTD1
2,258.93
2,258.93
TWD1
492.43
492.43
TZS1
6.65
6.65
UAH1
545.28
545.28
UGX1
4.02
4.02
USD1
15,219.87
15,219.87
UYU1
461.75
461.75
UZS1
1.86
1.86
VEF1
0.06
0.06
VND1
0.65
0.65
VUV1
136.78
136.78
WST1
5,808.68
5,808.68
XAF1
26.80
26.80
XAG1
222,658.75
222,658.75
XAU1
18,557,881.06
18,557,881.06
XCD1
5,631.67
5,631.67
XDR1
21,285.46
21,285.46
XOF1
26.80
26.80
XPD1
16,254,298.56
16,254,298.56
XPF1
147.31
147.31
XPT1
12,776,926.62
12,776,926.62
YER1
60.79
60.79
ZAR1
1,046.53
1,046.53
ZMW1
1,245.41
1,245.41
ZWL1
47.21
47.21
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services