Proceedings of the 5th International Conference on Economics, Business and Economic Education Science, ICE-BEES 2022, 9-10 August 2022, Semarang, Indonesia

Research Article

Soybeans Import of Indonesia: What Makes Happen? (A Case in Indonesia)

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  • @INPROCEEDINGS{10.4108/eai.9-8-2022.2338590,
        author={Avi Budi Setiawan and Yunastiti  Purwaningsih and Agustinus  Suryantoro and Ernoiz  Antriyandarti},
        title={Soybeans Import of Indonesia: What Makes Happen? (A Case in Indonesia)},
        proceedings={Proceedings of the 5th International Conference on Economics, Business and Economic Education Science, ICE-BEES 2022, 9-10 August 2022, Semarang, Indonesia},
        publisher={EAI},
        proceedings_a={ICE-BEES},
        year={2023},
        month={11},
        keywords={consumption food crop import soybeans self-sufficiency},
        doi={10.4108/eai.9-8-2022.2338590}
    }
    
  • Avi Budi Setiawan
    Yunastiti Purwaningsih
    Agustinus Suryantoro
    Ernoiz Antriyandarti
    Year: 2023
    Soybeans Import of Indonesia: What Makes Happen? (A Case in Indonesia)
    ICE-BEES
    EAI
    DOI: 10.4108/eai.9-8-2022.2338590
Avi Budi Setiawan1,*, Yunastiti Purwaningsih1, Agustinus Suryantoro1, Ernoiz Antriyandarti1
  • 1: Universitas Sebelas Maret
*Contact email: avibs@mail.unnes.ac.id

Abstract

Soybean is one of the government's food crop commodities intended for self-sufficiency. The disparity between national soybean output and consumption resulted in a deficit, resulting in a high level of imports. The large volume of Indonesian soybean imports, which is constantly rising, must be decreased, hence the goal of this study is to examine the variables that impact soybean imports. Secondary data in the form of panel data is used in this study. In this study, quantitative analysis was used as the method of analysis. Panel data regression analysis was employed as the quantitative analysis strategy. There are three variables that have a significant influence on soybean imports in Indonesia, according to the t-test statistic with a significance level of 5%, namely Indonesia's GDP per capita, soybean import prices in America, Canada, and Malaysia, and soybean import production in America, Canada, and Malaysia. Malaysia. Based on the results of statistical testing, it is known that Indonesia's GDP per capita, soybean import prices in America, Canada, and Malaysia, and soybean production in America, Canada, and Malaysia have a significant effect on soybean imports in Indonesia. However, the per capita income of the soybean-exporting country has no significant effect on Indonesia's soybean imports. The increase in GDP per capita indicates an increase in domestic consumption which will eventually encourage soybean imports.