Abstract
Indonesia is one of the countries which frequently administer both export and import activities with many countries in the world. Export activities done by Indonesia are influenced by non-oil and natural gas export. This research analyses the impact of inflation, US Dollar exchange rate, and land transportation freight towards non-oil and natural gas export activities to America, Japan, Australia, and England through Surabaya Port in the year of 2015 to 2017. Furthermore, this research uses quantitative method and the data collected are gathered from secondary. The data analysis used in this research is multiple linear regressions. The result of this research shows that all independent variables which are inflation (X 1 ), US Dollar exchange rate (X 2 ), and land transportation freight (X 3 ) bring non-significant impact towards non-oil and natural gas export to four countries mentioned before. However, in the non-oil and natural gas export activities to Australia, the US Dollar exchange rate variable (X 2 ) brings significant impact. Meanwhile, land transportation freight variable (X 3 ) is significant towards the export activities to England.
Highlights
There is no country in this world which is able to fulfill its citizens’ needs both in general and industrial sectors which cover factory machinery, spare parts, raw and supporting materials, skilled laborswho have to be recruited from other countries
The result of this research shows that all independent variables which are inflation (X1), US Dollar exchange rate (X2), and land transportation freight (X3) bring non-significant impact towards non-oil and natural gas export to four countries mentioned before
Unstable inflation level causes non-oil & natural gas exportactivity limitation since there is no certainty about its feedback towards economy growth in Indonesia.The multiple linear regressions result shows the inflation level brings no significant impact towards non-oil & natural gas exportto America, Japan, Australia, and England
Summary
There is no country in this world which is able to fulfill its citizens’ needs both in general and industrial sectors which cover factory machinery, spare parts, raw and supporting materials, skilled laborswho have to be recruited from other countries. There is no country in this world which has domestic marketthat is able to absorb all kinds of production output in agriculture, mining, industry, and fishery sectors. Foreign market can be considered to have wider potency and better price compared to domestic market. This export transaction is able to encourage and support domestic production to improve the product quality continually to be able to compete in international market
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