Analisis Pengaruh Nilai Tukar Negara Tujuan, Volume Produksi, dan Harga Internasional Crude Palm Oil (CPO) terhadap Nilai Ekspor Crude Palm Oil (CPO) Indonesia ke India

Abstract

This study aims to analyze the effect of exchange rate of the destination country, production volume, and the international price of Crude Palm Oil (CPO) on the export value of Indonesian Crude Palm Oil (CPO) to India. The type of research used is quantitative with secondary data obtained from the Central Bureau of Statistics (BPS), the United States Department of Agriculture (USDA), the Directorate General of Plantations, UN Comtrade, and the World Bank. The data used is in the form of a time series over 35 years, from 1989 to 2023. The analysis method used is multiple linear regression adjusted using the Heteroscedasticity and Autocorrelation Consistent (HAC) Newey-West correction to address autocorrelation and heteroscedasticity. The research results indicate that the exchange rate of the destination country has a negative and insignificant effect on the export value of Indonesian CPO to India. Production volume has a positive and significant effect on the export value of Indonesian CPO to India, and the international price of CPO has a positive and significant effect on the export value of Indonesian CPO to India.