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Article: PROSPECTS OF TEXTILE YARN INDUSTRY STILL GOOD
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- October 7, 1996
CopyrightCOPYRIGHT 1996 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Indonesia still relies on textile as its main source of foreign exchange receipts. Textile and textile products remain the biggest non-oil/gas export commodities, outperforming other export commodities from the country. After dropping, exports of textile and textile products rose by 7.2% in 1995, earning US$6.04 billion in foreign exchange. Last year, exports of plywood, the second biggest foreign exchange contributor, dropped again, earning US$3.46 billion in foreign exchange, down by 6.8% from that in the previous year.
In the first seven months of 1996 (January-July), Indonesia's exports of textile and textile products, including those to quota countries, amounted ...