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All Journal Economic Journal of Emerging Markets Jurnal Sosial Ekonomi Pertanian JEJAK Ekonomikawan : Jurnal Ilmu Ekonomi dan Studi Pembangunan BISNIS: Jurnal Bisnis dan Manajemen Islam Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Jurnal Mirai Management Equilibrium: Jurnal Ilmiah Ekonomi, Manajemen dan Akuntansi Journal of Economic, Bussines and Accounting (COSTING) Al Qalam: Jurnal Ilmiah Keagamaan dan Kemasyarakatan SEIKO : Journal of Management & Business International Journal of Supply Chain Management Jurnal Menara Ekonomi : Penelitian dan Kajian Ilmiah Bidang Ekonomi Journal of Enterprise and Development (JED) Community Engagement and Emergence Journal (CEEJ) Management Studies and Entrepreneurship Journal (MSEJ) wacana equiliberium (jurnal pemikiran penelitian ekonomi) Jurnal Ekuilnomi Economics and Digital Business Review Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (JASMIEN) Bulletin of Economic Studies (BEST) Jurnal Ekonomi Abdi Psikonomi Cakrawala: Jurnal Studi Islam Educate: Journal of Community Service in Education Journal of Economics Research and Policy Studies Jurnal Pengabdian Masyarakat Bestari (JPMB) Proceeding ISETH (International Summit on Science, Technology, and Humanity) Prosiding University Research Colloquium IIJSE Majapahit Journal of Islamic Finance dan Management Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Majapahit Journal of Islamic Finance dan Management Determinasi: Jurnal Penelitian Ekonomi Manajemen dan Akuntansi Balance: Jurnal Ekonomi
Didit Purnomo
Universitas Muhammadiyah Surakarta
Religion Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Engineering Environmental Science Health Professions Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Social Sciences Transportation Other

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Journal : Journal of Enterprise and Development (JED)

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The Role of Macroeconomic Indicators and Global Oil Prices in Influencing Indonesia’s Crude Oil Exports to South Korea Auliani, Annisya; Purnomo, Didit
Journal of Enterprise and Development (JED) Vol. 7 No. 2 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i2.13464

Abstract

Purpose: This study analyzes the impact of macroeconomic indicators and global oil prices on Indonesia's crude oil exports to South Korea, one of its strategic trading partners in the East Asia region.Method: A quantitative approach was employed using annual time series data comprising 24 observations from 2000 to 2023. Secondary data were obtained from official sources such as Statistics Indonesia (BPS), the World Bank, and Index Mundi. Data analysis was conducted using multiple linear regression with the Ordinary Least Squares (OLS) method.Results: The analysis indicates that South Korea’s inflation and GDP per capita growth positively affect Indonesia’s crude oil exports to the country. Conversely, the exchange rate and global oil prices negatively impact these exports.Practical Implications for Economic Growth and Development: These findings provide relevant policy insights for the Indonesian government in responding to global economic dynamics, including strategies for exchange rate stabilization, export market diversification, and strengthening economic diplomacy.Originality/Value: This study makes an original contribution by specifically examining the bilateral relationship of Indonesia’s crude oil exports to South Korea based on the dynamics of external variables. Its focus on a specific region and extended time coverage renders it a unique study that delivers tangible contributions rarely found in Indonesia’s international trade literature.
Co-Authors Abdulloh Adlan Amirul Mulki Sulton Adzila, Choiry Viera Agathon, Favian Ardine Agung Riyardi Agung Slamet Sukardi Ahnaf Faiz Pratama Ahnaf Faiz Pratama Al Rovik, Oktaviansyah Baranika Amalia, Alfida Nizar Ambariyanto Ambariyanto Ambarsari, Indah Anggyatika Mahda Kurnia Anggyatika Mahda Kurnia, Anggyatika Mahda Anita Puspitasari Aprilia Retno Safitri Ardiana, Wiwik Arif Ramadhan Arum W, Nurani Augovany, Revialdo Kahfi Auliani, Annisya Ayudita, Salma Fitri Ayyubi, Arif Rahman Azhari, Wahid Fahmiza Bambang Setiaji Cahyaningsih, Pinaestri Chuzaimah Chuzaimah Chuzaimah Chuzaimah Chuzaimah Chuzaimah, Chuzaimah Daniswara, Rahma Hugo Devi Istiqomah Devi Istiqomah, Devi Devi Sartikasari Dewi Puji Astuti, Dewi Puji Dewi Sitoresmi N.K.A Diyan Utami Duwi Fadriyani Edy Purwo Saputro Eni Setyowati F. X. Sugiyanto Fahila Kamara Winungga Fahrudin, Moris Fereshti N. D. Fereshti N. D., Fereshti N. Firmansyah, Refly Garnis Permata Sari H, Maulidyah Indira Hanifan, Bastiyan David Harun Harun Harun Harun Imamuddin Fathany Imron Rosyadi Inda Fresti Puspitasari Inda Fresti Puspitasari Indah Ambarsari Indah Susilowati Intan Istikharoh Irfan Budiyanto Istiqomah, Wiwit Syifa Jannah, Kuntum Khoiru Nisa Miftah Ul Jarwo, Reja Ale Jayawarsa, A.A. Ketut Kristopo, Mailan Bangun Kusuma, Devinna Putri Vania Kusuma, Mahanara Puja Maulidyah Indira Hasmarini Mochamad Hasan Makmur Farid Mohammad Arif Mohammad Arif Mohd Shahidan Shaari Muhammad Anas Muhammad Arif Muhammad Arif Muhammad Muhtarom Muhammad Muhtarom Ningsih, Putri Ayu Nugraheni, Mellyka Sherly Nungki Kusumastuti Nur Hidayah Nur Hidayah Nurani Arum W Nurul Ares Lathifah Permatasari, Yuliana Ayu Perwithosuci, Winny Pinaestri Cahyaningsih Prabasari, Rully Indra Prabawati Nur Utami Prayoga, Dyka Setyo Purnomo, Nugroho Satriotomo Puspitasari, Anita Putra, M. Farash Abbiyan Putri, Bernanda Arsita Rafiuddin, Mohammad Rama Mukti Nautika Ramadhan, Arif Sahid, Muhamad Salsagita Rahmadhani Savikri, Nando Siti Aisyah Sitti Retno Faridatussalam Sitti Retno Faridatussalam Slamet Sukardi, Agung Sri Murwanti Suryanti Syahrindra, Diony Kevin Triyono Triyono Triyono Triyono Utami, Diyan Utami, Prabawati Nur Winny Perwithosuci Yudhistira Bagas Anggoro Yustika, Aisya Berliana zazid ikhsanudin, khozin