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Textile and Product Textile: The Most Wanted Indonesian Export Commodities

Textile and Product Textile: The Most Wanted Indonesian Export Commodities

bright prospect

Indonesia’s textile and textile products industry is one of the industries that has a fairly bright prospect. In addition, the TPT Industry is highly prioritized to be developed in the country. Why is that? because the manufacturing sector has a strategic role in the national economy, which is not only as a contributor to foreign exchange, it absorbs large numbers of workers, and it turns out that it is also an industry that is relied on to meet national clothing needs. Despite the uncertain situation of the world trade, the Indonesian textile export market is believed to be still prospective.

The Minister of Trade Enggartiasto Lukita targeted, this year’s exports of Indonesian textile and textile products (TPT) to increase 8% from last year’s US $ 12.78 billion. The textile and textile products (TPT) industry is believed to be able to contribute significantly to foreign exchange earnings from exports this year. During January-July 2018, the value of shipping Indonesian TPT products has reached US $ 7.74 billion and is targeted to reach US $ 14 billion by the end of 2018. At present even though the TPT industry is ranked 3rd in national exports and absorbs employment of up to 2.79 million people with production that is able to meet 70-75% of the domestic clothing needs. Quite extraordinary isn’t it?

In addition, based on research data from Mister Exporters, for the market share of Textile exports and Textile Products or the like, the destination countries for TPT exports are: the United States, Japan, Turkey, South Korea, Britain, China and Malaysia. (data: 2015 – 2017).

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Indonesia’s President was an Exporter

Indonesia’s President was an Exporter

Before serving as Indonesia’s 7th President, Mr. Joko Widodo first started his career as a furniture entrepreneur. In his hometown, Solo, Jokowi wrestled down to develop the business. Starting from seeking capital to taking care of employees. His company exported furniture to Europe, America, and now many also go to Korea and Japan.
So that makes him know very well the ins and outs of trying. Jokowi recounted how difficult it was to find business capital in the beginning, then went around looking for buyers, taking care of complicated permits, filling out tax returns, taking care of employees, employees, and managing production equipment.

The President of the Republic of Indonesia, Joko Widodo, talked about the difficulty of being a businessman, so he told the young generation who wanted to start a business not to give up easily. Despite having a busy life as a president, it did not necessarily make his business stop. Never be afraid to start a business. Because, failure is a common thing felt by someone who pioneered his business. To start a business there is no right time. Get started at any time. What is clear is that it will never happen if it doesn’t start.
Until now, furniture production is still routinely exported to Asia and Europe.
The President is just an exporter, let’s try … to start the export business.

now it is your turn to doing export or even import business to make your country bettter.