Analysis Of Antecedents And Consequences Of Indonesia's Palm Oil Export Value To Main Destination Countries

Anisa Nur Aziizah; Encep Saefullah; Arta Rusidarma Putra

doi:10.63922/ijebir.v5i04.5604

Anisa Nur Aziizah Management Study Program, Faculty of Economics and Business, Universitas Bina Bangsa, Indonesia
Encep Saefullah Management Study Program, Faculty of Economics and Business, Universitas Bina Bangsa, Indonesia
Arta Rusidarma Putra Management Study Program, Faculty of Economics and Business, Universitas Bina Bangsa, Indonesia

DOI: https://doi.org/10.63922/ijebir.v5i04.5604

Keywords: Exchange rate, Inflation, Export Value, Foreign Exchange Reserves, Panel Data Regression

Abstract

This research investigates the impacts of the impact of inflation and currency rates on Indonesia's foreign exchange reserves and the value of Indonesian palm oil to its primary destination nations, with export value as a variable that mediates. Applying a quantitative associative approach, 52 observations from 2012–2024 for India, China, Pakistan, and the United States were examined using panel data regression using the Fixed Effect Model, selected based on the outcomes of the Chow, Hausman, and Lagrange Multiplier (LM) tests. Mediation was tested using the Sobel test. The findings show that the value of exports experiences a positive and significant effect from changes in exchange rates, while inflation has no significant effect. Export value significantly mediates the connection between foreign currency reserves and exchange rates but does not mediate the effect of inflation, highlighting the importance of In order to improve export competitiveness and international currency reserves and the maintenance of exchange rate stability and inflation management are essential.

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