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Indonesia year-end review 2023: Investment, threats & efforts

Six-month trade performance

In the first quarter of ****, both the textile and apparel industries experienced a substantial decline in export numbers. Specifically, the textile industry saw a decline of **.* per cent, while the apparel industry witnessed a **.* per cent decrease in exports compared to the same period in the previous year. Data from the Indonesian Employers’ Association (APINDO) revealed that nearly **,*** workers from *** textile companies were laid off with an additional **,*** individuals expected to be affected by layoffs by the third quarter of ****.