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INDONESIA: Indonesia`s Textile Exports surpass US$10 billion.
According to sources in Indonesia, the nation’s exports of textile goods are expected to reach US$11.2 billion in 2010, thus surpassing US$10 billion for the first time in two years. Compared to 2009 exports of US$9,567 million, the growth is 17%.
Egytex News Desk
Source: Asiantextile
The export growth is attributed to a recovery of exports to Europe and the U.S.
Meanwhile, imports of textile goods are forecast to reach US$5.5 billion, and sharply increase from 2009 imports of US$4,195 million as a result of a significant rise in raw material costs such as cotton.
Source: Asiantextile
From the Egytex news archive, first published on 27 December 2010. Figures and names are as reported at the time.
