COVID-19: Impacts of Indonesia's Trade

Lili Yan Ing and Yessi Vadila
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Yessi Vadila: Ministry of Trade of the Republic of Indonesia

No DP-2021-48, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: This paper analyses how the coronavirus (COVID-19) has affected Indonesia’s exports and imports, both in terms of volume and value. We use monthly trade data at the Harmonized System (HS) 8-digit level from January 2017 to December 2020. We use fixed effects and difference-in-differences (DID) approaches. The findings show that COVID-19 lowers the export volume by 10.7% (export value by 13.4%). At the same time, COVID-19 reduces import volume by 16.42% (import value by 25.9%). Analysing the causes of decreases in Indonesia’s trade will shed light on the causes of the drop in such trade figures. It will help design appropriate policy responses to enhance trade for the Indonesian economy’s swift recovery.

Keywords: Indonesia; Covid-19; Trade; Empirical studies; Southeast Asia (search for similar items in EconPapers)
JEL-codes: F1 F13 F15 (search for similar items in EconPapers)
Date: 2022-01-07
New Economics Papers: this item is included in nep-int and nep-sea
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Working Paper: COVID-19: Impacts of Indonesia's Trade (2022)
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