Indonesian Fiber and Filament Yarn Makers Association (APSyFI) Redma Gita Wirawasta, who was met at Grand Sahid Jaya Hotel, said that even though BPS data had shown a decline in import growth in the first quarter of 2019, imports had risen again after yesterday's Eid.
According to him, imports indeed fell in the first quarter of 2019, but he estimates that since April 2019 imports have increased again by around $ 720 million. Apart from the new BPS data released until April, Redma also predicts that estimates for imports last May will rise to $ 800 million.
If you look at the trade balance of the national textile industry for the past 10 years, the balance sheet continues to erode from $ 6.7 billion to $ 3.2 billion. "Why do we need to look at the data for the last 10 years, so that we can see the comparison and know that the textile industry is like this," Redma said.
APSyFI also predicts that in the next three years the TPT sector will experience the threat of a deficit in the trade balance. APSyFI estimates that the first semester of 2019 imports will increase by around 7% year on year (yoy) or worth $ 4.4 billion, while the trade balance is predicted to be $ 2 billion.
In addition, APSyFI noted that 2018 is the worst growth in national textile trade performance. Because, in 2018 exports only reached the level of 0.9%, which is smaller than in 2017 which reached 11%.
Meanwhile, imports in 2018 increased at 13.8% compared to 2017 at 2.3%. This caused the trade balance in 2018 to have a deficit of 25.5%. In fact, in 2018 the balance sheet experienced a surplus of 18%.
According to Redma, one of the reasons for the decline in the trade performance of the textile industry is the enactment of Permendag 64/2017. This policy stipulates that imports are opened for traders (API-U) through the Bonded Logistics Center (PLB). APSyFI members also added that the import policy through the PLB has disadvantages due to no restrictions and clear controllers.
Closing his presentation, Redma stated that the Permendag 64/2017 policy burdens the textile industry, especially the upstream industry.