Analysis of Export Competitiveness of Natural Rubber from Indonesia and Thailand in the International Market

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Published: Feb 16, 2022
DOI: https://doi.org/10.33258/economit.v1i4.588
Keywords:
competitiveness; natural rubber; RCA; ISP

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Mustafa Usman
Agribusiness Department, Universitas Syiah Kuala, Banda Aceh, Indonesia
Mita Rezekina U
Agribusiness Department, Universitas Syiah Kuala, Banda Aceh, Indonesia
Akhmad Baihaqi
Agribusiness Department, Universitas Syiah Kuala, Banda Aceh, Indonesia
Srihandayani
Agribusiness Departemen, Universitas Teuku Umar, Meulaboh, Indonesia

Abstract

Natural rubber is one of the commodities that plays an important role as a foreign exchange earner. This study aims to determine how the competitiveness of natural rubber in Indonesia and Thailand as the main producers in the world market. The data used in this study is the volume of exports and imports of natural rubber in Indonesia and Thailand for 15 years in the 2004-2018 period. This research uses Revealed Comparative Advantage (RCA) analysis to analyze comparative advantage and Trade Specialization Index (ISP) to analyze competitive advantage. The RCA analysis results in world markets, the United States market and the Chinese market show a number of more than 1 which means that natural rubber in Indonesia and Thailand have strong competitiveness or comparative advantage. However, in the world market and the United States market the value of the Indonesian natural rubber RCA index is higher than the Thai RCA index value so that the competitiveness of Indonesia's natural rubber is stronger than Thailand, while in the Chinese market the value of the Thai RCA index is the opposite. Indonesia and Thailand ISP Index values show positive results, indicate that these two countries have a tendency to be an exporter of natural rubber commodity in the world market, the American market, and the Chinese market.

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How to Cite
Usman, M., Mita Rezekina U, Akhmad Baihaqi, & Srihandayani. (2022). Analysis of Export Competitiveness of Natural Rubber from Indonesia and Thailand in the International Market. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 1(4), 220-230. https://doi.org/10.33258/economit.v1i4.588
Issue
Vol 1 No 4 (2021): Economit Journal: Scientific Journal of Accountancy, Management and Finance: (November)
Section
Articles

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