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On the Priorities of Indonesia’s Agricultural Trade: Which Product-Market Combinations Are Economically the Best?

Dadang HermawanInstitut Teknologi Dan Bisnis STIKOM Bali, IndonesiaYannes Martinus PasaribuIskandar MudaDepartment of Doctoral Program, Faculty Economic and Business Universitas Sumatera Utara, Medan, IndonesiaSaidaxmat AbdunazarovDepartment of Economics and Management, Jizzak Polytechnic Institute, Jizzakh, UzbekistanHerie SaksonoSenior Researcher, Research and Development Agency of the Ministry of Home Affairs of the Republic of IndonesiaRavil AkhmadeevAssociate Professor, Department of Finance and Prices, Plekhanov Russian University of Economics, Russian FederationForqan Ali Hussein Al-KhafajiAhmed Hussien Alawadi

2023en

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Litsenziya: cc-by-nc-nd

ABI

Annotatsiya

This study aims to identify the best combination of product and market in the context of Indonesian agriculture using the newly developed measure of comparative advantage. The study focuses on a sample of Asian (Middle, East, and West) markets. Required data is collected from the Food and Agriculture Organization of the United Nations. This paper contributes to relevant Southeast Asian literature by applying a productivity-based comparative advantage index to determine the best product-market combination. Main findings reveal that in the Middle Asia market, palm oil is the only product of export priority. In the East Asia market, we found such advantages for coffee, tea, and spices. Moreover, in the West Asia market, Indonesia has an export advantage in palm oil, coconut, coffee, tea, and spices. Based on found priorities, considering export support policies in the identified markets as well as signing bilateral preferential trade agreements with trade partners is recommended.

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