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ANALYSIS OF TERM OF TRADE (TOT) FOR INDONESIA BAUXITE

Main Author: HARYADI, HARTA; R & D Centre for Mineral and Coal Technology
Format: Article info application/pdf eJournal
Bahasa: eng
Terbitan: Puslitbang tekMIRA , 2017
Subjects:
term of trade (TOT)
bauxite
alumina
export
import
foreign trade balance
Online Access: http://jurnal.tekmira.esdm.go.id/index.php/imj/article/view/450
http://jurnal.tekmira.esdm.go.id/index.php/imj/article/view/450/315
ctrlnum article-450
fullrecord <?xml version="1.0"?> <dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><title lang="en-US">ANALYSIS OF TERM OF TRADE (TOT) FOR INDONESIA BAUXITE</title><creator>HARYADI, HARTA; R &amp; D Centre for Mineral and Coal Technology</creator><subject lang="en-US">term of trade (TOT), bauxite, alumina, export, import, foreign trade balance</subject><subject lang="en-US"/><description lang="en-US">Indonesia does not have a processing unit for bauxite. As a result all raw materials are exported. In contrast, the alumina is imported to fulfill the domestic need for aluminum industry. In terms of evaluating bauxite export, term of trade (TOT) analysis was conducted. Method used to calculate the TOT is carried out using net barter of TOT formula. The parameter include the export price compared to the import one. If the bauxite price increases and the import price decreases, the TOT is surplus. Contrarily, if the export price decreases and the import price increases, the TOT is deficit. To calculate the ratio of the export volume against the import volume used the grass barter of TOT. The measured parameter is the export volume compared to the import one. If the export volume increases and the import decreases, the TOT is surplus. On the other hand, if the export volume decreases and the import volume increases, the TOT is deficit. In 2003, the net barter of TOT was 0.07 and the grass barter of TOT was 87,874, but in 2010, the net barter of TOT was 0.09 and the grass barter of TOT was 5,809.53. Results of the TOT values indicate that Indonesia was still the exporter of bauxite raw material with an average of export value was lower than that of the import one, although its volume was significant due to the very low price. Indonesian bauxite export value will increase, if the processing unit immediately established</description><publisher lang="en-US">Puslitbang tekMIRA</publisher><contributor lang="en-US"/><date>2017-11-17</date><type>Journal:Article</type><type>Other:info:eu-repo/semantics/publishedVersion</type><type>Other:</type><type>Other:</type><type>File:application/pdf</type><identifier>http://jurnal.tekmira.esdm.go.id/index.php/imj/article/view/450</identifier><source lang="en-US">Indonesian Mining Journal; Vol 15, No 3 (2012): INDONESIAN MINING JOURNAL Vol. 15 No. 3 October 2012; 140 - 145</source><source lang="id-ID">Indonesian Mining Journal; Vol 15, No 3 (2012): INDONESIAN MINING JOURNAL Vol. 15 No. 3 October 2012; 140 - 145</source><source>2527-8797</source><source>0854-9931</source><language>eng</language><relation>http://jurnal.tekmira.esdm.go.id/index.php/imj/article/view/450/315</relation><rights lang="en-US">Copyright (c) 2017 Indonesian Mining Journal</rights><rights lang="en-US">http://creativecommons.org/licenses/by-nc/4.0</rights><recordID>article-450</recordID></dc>
language eng
format Journal:Article
Journal
Other:info:eu-repo/semantics/publishedVersion
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Other:
File:application/pdf
File
Journal:eJournal
author HARYADI, HARTA; R & D Centre for Mineral and Coal Technology
title ANALYSIS OF TERM OF TRADE (TOT) FOR INDONESIA BAUXITE
publisher Puslitbang tekMIRA
publishDate 2017
topic term of trade (TOT)
bauxite
alumina
export
import
foreign trade balance
url http://jurnal.tekmira.esdm.go.id/index.php/imj/article/view/450
http://jurnal.tekmira.esdm.go.id/index.php/imj/article/view/450/315
contents Indonesia does not have a processing unit for bauxite. As a result all raw materials are exported. In contrast, the alumina is imported to fulfill the domestic need for aluminum industry. In terms of evaluating bauxite export, term of trade (TOT) analysis was conducted. Method used to calculate the TOT is carried out using net barter of TOT formula. The parameter include the export price compared to the import one. If the bauxite price increases and the import price decreases, the TOT is surplus. Contrarily, if the export price decreases and the import price increases, the TOT is deficit. To calculate the ratio of the export volume against the import volume used the grass barter of TOT. The measured parameter is the export volume compared to the import one. If the export volume increases and the import decreases, the TOT is surplus. On the other hand, if the export volume decreases and the import volume increases, the TOT is deficit. In 2003, the net barter of TOT was 0.07 and the grass barter of TOT was 87,874, but in 2010, the net barter of TOT was 0.09 and the grass barter of TOT was 5,809.53. Results of the TOT values indicate that Indonesia was still the exporter of bauxite raw material with an average of export value was lower than that of the import one, although its volume was significant due to the very low price. Indonesian bauxite export value will increase, if the processing unit immediately established
id IOS4265.article-450
institution Kementerian Energi dan Sumber Daya Mineral
institution_id 105
institution_type library:special
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library Pusat Penelitian dan Pengembangan Teknologi Mineral dan Batubara
library_id 974
collection Indonesian Mining Journal
repository_id 4265
subject_area Mining and Related Operations/Teknik Tambang dan Teknik Pertambangan
Minerals of Indonesia/Mineral di Indonesia
Chemistry and Allied Science/Kimia dan Ilmu yang Berhubungan
Metallurgy/Metal, Metalurgi
city BANDUNG
province JAWA BARAT
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repoId IOS4265
first_indexed 2017-12-01T01:44:27Z
last_indexed 2017-12-01T01:44:27Z
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