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The impact of the Covid-19 pandemic on the Indonesian export and import of food crops

Agustian A.

International Journal of Trade and Global Markets

Q3
Published: 2024Citations: 3

Abstract

During the Covid-19 pandemic global economic growth including Indonesia decreased up to 5-6%. Trading volume decreased 9.2% and international cargo transportation decreases 23%. The objective of this paper is to understand the impact of Covid-19 on the balance and position of Indonesian Food Crops international trade in ASEAN. Trade value balance for Indonesian food crops before the pandemic in average suffered a deficit of USD 3.309.449. During the pandemic, the projection for the trade value balance was a deficit of USD 2.966.515. There is an optimistic potential of market share development for rice and maize in Malaysia, Thailand, and Vietnam due to the value's position in falling star and rising star quadrant. To enhance competitiveness of food crop's export, several policies needed are: incentives for cultivation, optimisation of farmer institution, tariff regulation, quota system, and import license.

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10.1504/IJTGM.2024.136901

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IndonesianSciences
Coronavirus disease 2019 (COVID-19)Sciences
PandemicSciences
2019-20 coronavirus outbreakSciences
BusinessSciences
International tradeSciences
Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2)Sciences
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