From: Antara NewsJakarta (ANTARA News) - Indonesia`s textile and textile product exports grew by 17.4 percent in the first semester of this year, Deputy Trade Minister Mahendra Siregar said here on Thursday.
He said the country`s exports of textile and textile products reached US$4.95 billion in the period.
If the trend could be maintained, he believed exports of the products could by the end of the year exceed US$10 billion like in 2008.
Exports of textile and textile products grew 8.7 percent in 2009 and rose significantly by 17.4 percent in the first semester of this year, he said.
He said US$10 billion would be a very high figure considering that the country`s main textile and textile product markets were not growing significantly.
The main markets for Indonesia`s textile and textile products had remained in developed countries such as the US, Japan and Germany.
"They remain our most important markets because we will also be exporting high quality products to those countries," he said.
He said South Korea, Turkey, China and Brazil had also become potential markets in 2010 as "the numbers of rich people there are growing," he said.
The value of the country`s textiles and textile product exports has kept growing since 2005.
According to trade ministry data, the value of textile and textile product exports in 2005 reached US$8.60 billion and the figure rose to US$9.45 billion in 2006 and to US$9.81 in 2007.
In 2008, it increased further to US$10.14 billion but then dropped to US$9.26 billion in 2009.
This year the country`s exports of textile and textile products were expected to rise again to at least the same level as in 2008. (*)