KEUNGGULAN DAYA SAING MINYAK ATSIRI INDONESIA DI PERDAGANGAN DUNIA PADA PERIODE 2018-2024
DOI:
https://doi.org/10.35138/wanamukti.v28i2.1320Abstract
Indonesia is one of the world's leading exporters of essential oil products, supported by abundant tropical natural forests. However, the weakening of global market demand due to the trade war between the United States and China in 2018 and the COVID-19 pandemic in the period 2020-2022 make Indonesia's essential oil export fluctuated over the period 2018-2024. The objective of this research was then to assess competitive advantages of Indonesia’s essential oil products in the world trade over the period 2018-2024. Data on export and import values obtained from Trade Map were used to calculate competitiveness indicator such as Revealed Comparative Advantage Index, Relative Trade Advantage Index, Trade Specialization Index, Revealed Comparative Advantage Index-1 dan Revealed Competitiveness Index. The results showed a positive trend of five competitiveness indicators were only found in the HS 330129 and HS 330125 product groups over the period 2018-2024. These two product groups also had a net competitive advantage. Their world import values were increased significantly and accounted for about 59% of the world's total essential oils import values in the 2023-2024 period. Hence, Indonesia's essential oil industry needs to specialize in the export of HS 330129 and HS 330125 product groups. Strategies that are needed to maintain and improve competitiveness as well as market stability of these two product groups are: downstreaming and using of modern production processes; product certification in accordance with international standards; market extension; periodically reviewing trade barriers, tariff changes, and competitor country prices; and maintaning sustainable production.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Authors who publish articles in this journal agree to the following terms:
- Authors retain copyright of the article and grant the journal right of first publication with the work simultaneously licensed under a CC-BY-SA or The Creative Commons Attribution–ShareAlike License.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
