AN ANALYSIS OF INDONESIA’S EXPORT VALUE TO ASEAN COUNTRIES BEFORE AND AFTER ASEAN ECONOMIC COMMUNITY (AEC)
Abstract: Counting back since
the formation of Association of Southeast Asian Nations (ASEAN), it took
Indonesia and the other members of ASEAN 48 years to arrive at ASEAN Economic
Community (AEC) establishment. This research aims to evaluate the export value
performance as one of the things countries seek and expect when conducting or
joining an economic integration. The study examines the change in the export
value of Indonesia to the other nine members of ASEAN 1 year before and 1 year
after the establishment of AEC using Wilcoxon signed rank test. The result
shows a significant positive change in Indonesia’s export value to ASEAN
countries before and after AEC with 90% year-on-year growth. Thailand dominates
the value contribution to the total export value with 84% contribution leaving
only 16% contribution for the rest of ASEAN members (Singapore 5%, Malaysia 2%,
Philippines 2%, Vietnam 2%, Myanmar 2%, while Cambodia, Brunei Darussalam, and
Lao PDR contribute 0%). Furthermore, mineral fuels, mineral oils and products
of their distillation and bituminous substances are the top commodity of
Indonesia to ASEAN countries after AEC delivering 22% contribution to the total
export value. AEC giving Indonesia an easier access to 9 member countries of
ASEAN. Indonesia’s export that only focus to Thailand is a quiet risky step as
one of the famous investment theory stated “don’t put your eggs in the same
basket”. Lastly, the domestic value-adding industry needs special attention
from government because of the high raw materials export commodity that still
high.
Keywords: asean economic
community (aec), economic integration, export, wilcoxon signed rank test
Penulis: Jennifer Roselyn
Tumober, Sifrid S. Pangemanan, Farlane S Rumokoy
Kode Jurnal: jpmanajemendd170904
