DESCRIPTION OF EXPORT IMPORT OIL AND GAS-NON OIL AND GAS COMMODITIES ON INDONESIA- PHILIPPINES TRADE BALANCE (PERIOD 2018-2022)

Ecommerce

This research paper aims to provide a detailed description of the trade balance between Indonesia and the Philippines on the export-import of oil and gas and non-oil and gas commodities. The study utilizes data obtained from various sources, including the Indonesian Ministry of Trade spanning a 5 year period from 2018 to 2022. This research used secondary data and the method used to explain this research is a descriptive approach method. The research provides an overview of the trade patterns between the two countries, analyzing the trends in the import and export of oil and gas products and non-oil and gas commodities. Additionally, the study examines the impact of various factors, such as trade policies, on the trade balance between the two nations. The results of the study it can be explained that the export trade balance is higher than imports where the export trend value in 2018-2022 is 16.23% compared to the Import trend value of 14.17%. It can be concluded that the export and import trade balance of Indonesia-Philippines in 2018-2022 is called a surplus because the export value from 2018-2022 is greater than the import value.

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