Economie : Jurnal Ilmu Ekonomi
Vol 4, No 1 (2022): June 2022

Analisis Determinan Ekspor Minyak Kelapa Sawit Indonesia Pada Negara Asia-6 Tahun 2011-2020

Gigih Pratomo (Fakultas Ekonomi & Bisnis Universitas Wijaya Kusuma Surabaya)
Olivia Clara Cantika Saputra (Fakultas Ekonomi & Bisnis Universitas Wijaya Kusuma Surabaya)



Article Info

Publish Date
10 Jun 2022

Abstract

Palm oil provides various benefits for the Indonesian economy. Palm oil is an agricultural commodity that is able to absorb labor and generate large foreign exchange from the non-oil and gas sector for Indonesia. Indonesia is the largest palm oil exporter country which is overshadowed by the existence of a pandora box for the welfare of its people (Trade Map, 2022; Pratomo and Rosdiana, 2018). This study aims to determine the determinants of Indonesian palm oil exports to the Philippines, Malaysia, Singapore, Japan, India, and China (Asia-6). This research uses multiple linear regression model with Fixed Effect Model panel data with Indonesian Crude Palm Oil (CPO) export variables, Gross Domestic Product (GDP), exchange rate, and inflation rate. The results showed that the Gross Domestic Product (GDP) had no effect on Indonesia's Crude Palm Oil (CPO) exports to Asia-6 countries. The exchange rate in destination countries has a negative effect on Indonesia's Crude Palm Oil (CPO) exports to Asia-6 countries. Inflation in destination countries has a positive effect on Indonesia's Crude Palm Oil (CPO) exports to Asia-6 countries. High inflation in Asia-6 countries as destination countries is an attraction for Indonesian Crude Palm Oil (CPO) exports which provide high potential profits for the palm oil industry.

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Journal Info

Abbrev

economie

Publisher

Subject

Economics, Econometrics & Finance Environmental Science Social Sciences Other

Description

The Aim of this journal to publish original research papers related to the Indonesian economy and business issues. This journal is also dedicated to disseminating the published articles freely for international academicians, researchers, practitioners, regulators, and public ...