Analysis of determinants of palm oil exports in Indonesia

Whinarko Juliprijanto, Panji Kusuma Prasetyanto, Aziz Dwi Setiawan

Abstract


Palm oil is one of the leading export commodities for Indonesia. The high demand for world palm oil makes Indonesia one of the largest palm oil exporters in the world. During 2010-2018 the value of Indonesian palm oil exports fluctuated, therefore there is a need for research to analyze the factors that affect the export value of Indonesian palm oil. The purpose of this study was to determine the effect of the amount of palm oil production, area of oil palm plantations, world CPO prices and exchange rates on the export value of Indonesian palm oil in 2010-2018. The method in this research is quantitative with multiple linear regression analysis tools. The type of data obtained is secondary data of time series (time series). Based on the results of this study, it is known that partially the amount of palm oil production, oil palm plantation area, and world CPO prices have a positive effect on the export value of palm oil and the exchange rate has a negative effect on the export value of Indonesian palm oil in 2010-2018. Simultaneously the amount of palm oil production, the area of oil palm plantations, the world CPO price, and the exchange rate together have a significant effect on the value of Indonesian palm oil exports in 2010-2018.


Keywords


Palm oil export value; palm oil production; land area; world cpo price; exchange rate

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DOI: https://doi.org/10.30872/jinv.v18i0.11242

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