Indonesian Export Diversification to OIC Countries during Covid-19 Pandemic: A Literature Review

Review of Islamic Economics and Finance Pub Date : 2022-12-01 DOI:10.17509/rief.v5i2.51763

Nanda Lismatiara Zubaid

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Abstract

AbstractPurpose – The COVID-19 pandemic has had a negative impact on the economies of OIC member countries. The global trading system has been a source of flexibility, diversification, and strength during the pandemic. Export diversification is considered a significant tool to accelerate the pace of economic growth. This study aims to analyze the diversification of Indonesia's exports to the OIC countries during and post-COVID-19.Methodology - To develop export diversification, Indonesia is accelerating several strategies to take advantage of its relationship with OIC countries, including increasing exports of halal products, strengthening market access for Indonesian halal products in foreign markets, and preparing various programs to strengthen business players in exporting halal products.Findings - Post-COVID-19 pandemic recovery, Indonesia's trade balance performance with the OIC countries showed a positive performance by recording a surplus in 2021. Even though during the pandemic in 2019 and 2020, exports to the OIC countries experienced a decline.Keywords: Export Diversification, OIC Countries, Covid-19 Pandemic.

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2019冠状病毒病大流行期间印尼对伊斯兰会议组织国家出口多样化:文献综述

摘要目的-新冠肺炎疫情对伊斯兰会议组织成员国的经济产生了负面影响。在大流行期间，全球贸易体系一直是灵活性、多样化和力量的源泉。出口多样化被认为是加快经济增长步伐的重要工具。本研究旨在分析疫情期间和疫情后印尼对伊斯兰会议组织国家出口的多样化情况。方法-为了发展出口多样化，印度尼西亚正在加速实施几项战略，以利用其与伊斯兰会议组织国家的关系，包括增加清真产品的出口，加强印度尼西亚清真产品在国外市场的市场准入，并准备各种计划，以加强出口清真产品的商业参与者。结果:在2019冠状病毒病大流行复苏后，印度尼西亚与伊斯兰会议组织国家的贸易平衡表现良好，在2021年实现了顺差。尽管在2019年和2020年大流行期间，对伊斯兰会议组织国家的出口出现了下降。关键词:出口多元化，伊斯兰合作组织国家，新冠疫情

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Review of Islamic Economics and Finance

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