Indonesia Exports US$3.1 Billion in Shoes in 2011

28 December, 2011 | Source: The Jakarta Post

The Association of Indonesian Footwear Producers (Asprindo) says shoe exports will top US$3.1 billion in 2011, up 25 percent from last year.

Asprindo chief Eddy Widjanarko, however, said that figure was less than the previously targeted $3.2 billion, kontan.co.id reported.

The shortfall was attributed to a 10 to 20 percent decline in orders due to the monetary crisis in Europe.

Eddy predicted that association members’ exports would increase by 10 percent to $3.4 billion in 2012.

Meanwhile, domestic shoe sales were expected to reach Rp 24 trillion ($2.64 billion) by year end, up 10 percent from Rp 22 trillion in 2010.

 

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