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Commodities in Unequal Exchange: Global Price Formation and Indonesia’s RBD Coconut Oil Exports Diba, Sarah; Supriana, Tavi; Iskandarini, Iskandarini
Baileo: Jurnal Sosial Humaniora Vol 3 No 2 (2026): January 2026
Publisher : Universitas Pattimura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30598/baileofisipvol3iss2pp562-583

Abstract

This study investigates the determinants of Indonesia’s Refined, Bleached, and Deodorized Coconut Oil (RBD CNO) export volume through the lens of unequal exchange and global price formation. Using panel data from seven major destination countries—China, the United States, Sri Lanka, South Korea, Russia, Singapore, and Malaysia—over the period 2014–2023, the analysis estimates Common Effect, Fixed Effect, and Random Effect models, with model selection based on the Chow, Hausman, and Lagrange Multiplier tests. The results indicate that international RBD CNO prices exert a negative and statistically significant effect on export volume, while the GDP of importing countries has a positive and significant influence. In contrast, population size and Indonesia’s domestic production capacity show no significant effects. These findings suggest that export performance is shaped more by external market structures and purchasing power asymmetries than by domestic supply conditions. The study’s novelty lies in integrating panel econometric analysis with a political economy perspective, demonstrating how Indonesia’s position as a primary commodity exporter entails structural vulnerability to global price volatility. The findings contribute to sociological debates on trade dependency and unequal exchange, highlighting how asymmetric market relations constrain export growth in the Global South.
Co-Authors A. Rahim Matondang Abdul Rahim Matondang Ade Fitri Yasha Afrizal . Agung Arinanda Agustina Agustina Ahmad Fitra Alexander Limbong Ameilia Zuliyanti Siregar Amelia Natasya P Andryanto Simanjuntak Anggi Ardiansyah Anggi Aulia Nasution Anggriyani, Yuli Anizar Anizar Annevelin Naibaho Annisa Ika Savira Arief Gibran Hidayat Siregar Arisa Viniasari Lubis Aulia Harfi S Bahauddin Barus, Mozart Barus, Mozart Bahauddin Beby Karina Fawzeea Sembiring Benny Candra Kurniawan Bima Oskar S H Cheptian Simamora Claudya Rahmi Cosine Melvin Sitorus Pane Cut T.B Risty Dahlia Dara Meutiasari Dara Meutiasari Darma, Endra Debby Octaviani Dewi Irwana Sari Dewi Rucci Manulang Dexna Sofiaranti Solin Diana Chalil Diba, Sarah Dini Khairina Pasaribu Diwan Hadi Prakoso Edberg Partogi Eka Syaputra Emalisa Emalisa Emalisa Emalisa Emalisa Erman Munir Erpina Pakpahan Faiz Ahmad S Faiz Andito Fanani Rizki Pohan Fanny Sitompul Fauziah, Lily Fauzul Azhimah Febrina, Elizabeth Sarah Febrira, Sabrina Finella Gilda Novia Sembiring Frandi Simbolon Friskila Elsy Simbolon Fritz Mesakh Tarigan Silangit Hadiwinata, Hadiwinata Haposan Hutabarat Harmein Nasution Harmen Nasution Hasibuan, M Fariz Afif Hasman Hasyim Hasman Hasyim Hilda Iriany Hirorimus Limbong Husni Sinulingga, Muhammad Ika Desni Sarwesti Ikram Anggita Nasution Imam Indarto Gunawan Indira Rosalyn Tamba Inomo Pratama Iqbal, Muhammad Iqlima Syafira J. Arnold Parlindungan Gultom Jopianus Tumanggor Josua Robi Simbolon Jumiyati Jumiyati Karina Shafira Khairul Rasyid Kholida Zuhri Harahap Laurensius Parsaulian Sitinjak Lily Fauzia Lily Fauzia Lily Fauzia Lily Fauzia Linda Trimurni Mass Lindawati Lindawati Luhut Sihombing Luhut Sihombing Luhut Sihombing M Fariz Al Hafiz M. Jufri M. Jufri M. Jufri Machfira Ernisolia Putri Mahyuni Miraza Maliki Marpaung Marisca Girsang Masyhuril Ahmad Prayogi Meidianta Ginting Meilia Krisanti Meilita Tryana Sembiring, Meilita Tryana Mita Suryani Limbong Muhammad Ardi Muhammad Azwar Rangkuti Muhammad Daffa Ramadhan Siregar Muhammad Febri Anggian Siregar Muhammad Hafiz Muhammad Ihsan Nasution Muhammad Ihsan Nasution, Muhammad Ihsan Muhammad Ikhlasul Amal Muhammad Jufri Muhammad Nur Ridho Siregar Muhammad Rifki Muhammad Sucahyo Muhammad Zikri Atthariq Daulay Najmus Tsaqib Nasution, Khairina Nazaruddin Negara Lubis , Satia Nelva Ginting Nidya Diani Noviarny Anggasta Lara Sumarlan Nur Hasanah Azka Tiffany Nurchalis Farid Nurmawaddah Rahmah Nusantry Sirait Pangeran Christ Romario Napitupulu Pohan, Vivi Gusrini R Prihatin Lumbanraja Prindo Pranata Tarigan Pro Deo Et Patria Sembiring Pujiati Pujiati Pujiati Pujngkoro, Sugih Arto Putri Dian Sari Damanik Putri Yulia Rahmadhani, Vivi Gusrini Rahmanta Rahmanta Ginting Rahmanta Ginting Rahmanta Rahmanta Rahmanta Rahmanta Rahmat Saleh Ramadhani Fitri Ramadhani, Ayu Rizki Ramli Ratu Aisyah Ratih Primaputri Relli Karosekali Retno Lestari Reza Susanto Ridho Islami Rio Rahman Rizka Faradina Rizki Yulia Siregar Rizky Yunanda Sitepu Salmiah Salmiah Salmiah Satia Negara Lubis Satia Negara Lubis Satia Negara Lubis Satia Negara Lubis Savira, Nadila Sembiring, Yanita Melissa Br Siahaan, Elisabet Silalahi, Firmann RL Sirojuzilam Hasyim SITI FATIMAH Siti Hafsah Siregar Siti Khadijah Sri Fajar Ayu Sugih Arto Pujangkoro Sugih Arto Pujngkoro Sukamto, Ika Sumiyarsi Sutarman Sutarman Sylvia Nurul Aini T. Risha Sefilla Chairawani Tahani Badrul Munir Tania Alda Tavi Supriana Tavi Supriana Tavi Supriana Tengku Ina Maghfira Terkelin Surbakti Thomson Sebayang Thomson Sebayang Thomson Sebayang Tiara Ulfa Purba Tuty Flower Kaban Vivi Gusrini Pohan Vivi Gusrini Rahmadani Vivin Oktaviani Wanda Aruan Wibowo, Rulianda P. Wiji Setiawan Wolfgang Alfredo Lumbantobing Yabani Yeni Absah yeni absah Yoangga Praditya Yoga Muhammad Phalovey Yuli Anggriyani Yusak Maryunianta Yusak Maryunianta Yusra Mauliza Nasution Yusuf Luqman Zahari Zein Zainal Abidin Damanik Zuliya Hermis