The Impact of Shipping Costs, Market Competition, And Service Quality with Exchange Rate as a Moderating Variable on the Export Volume in Shipping Companies

Authors

  • I Gede Srineka Kawibawa Institute of Transportation and Logistics Trisakti, Jakarta, Indonesia
  • Lira Agusinta Institute of Transportation and Logistics Trisakti, Jakarta, Indonesia
  • Edhie Budi Setiawan Institute of Transportation and Logistics Trisakti, Jakarta, Indonesia
  • Eduard Alfian Syamsya Institute of Transportation and Logistics Trisakti, Jakarta, Indonesia
  • Sarinah Sihombing Institute of Transportation and Logistics Trisakti, Jakarta, Indonesia

DOI:

https://doi.org/10.38035/jemsi.v7i5.8374

Keywords:

Shipping Costs, Market Competition, Service Quality, Exchange Rate, Export Volume, SEM-PLS

Abstract

This study examines the effects of shipping costs, market competition, and service quality on export volume, with the exchange rate as a moderating variable among Indonesian exporters and freight forwarders using maritime transport and shipping companies also entered into the population to calculate the increase in export volume. A descriptive quantitative method was applied, employing primary data from questionnaires and secondary data from company reports, shipping statistics, and relevant literature. Using purposive sampling and the 10-times rule for 32 indicators, a minimum of 320 respondents was obtained. Data were analyzed with Structural Equation Modeling Partial Least Square (SEM-PLS) using SmartPLS 4. Results reveal that exchange rate, shipping costs, and service quality have a positive and significant impact on export volume. Higher shipping costs accompany increased export activity, while superior service quality enhances efficiency and international trade partner confidence. Conversely, the number of competitors shows no significant effect, indicating that the presence of more shipping operators does not directly raise export shipments. The exchange rate strengthens the relationships between shipping costs and competition with export volume but does not moderate the effect of service quality. These findings highlight the importance of exchange rate stability and improved maritime logistics services to foster Indonesia’s export growth, while expansion of shipping operators should be regulated to ensure competitive pricing and optimal service.

References

Bahmani-Oskooee, M., & Gelan, A. (2017). Munich Personal RePEc Archive Exchange-rate Volatility and International Trade Performance : Evidence from 12 African Countries. Munich Personal RePEc Archive, 81177, 2–17.

Cariou, P., Jia, H., & Wolff, F. C. (2025). Price discrimination between freight forwarders and carriers: Evidence from the container shipping industry. Transport Policy, 170(April), 1–11. https://doi.org/10.1016/j.tranpol.2025.05.005

Carrière-Swallow, Y., Deb, P., Furceri, D., Jiménez, D., & Ostry, J. D. (2022). Shipping Costs and Inflation, WP/22/61, March 2022.

Damanik, K., Sinaga, M., Sihombing, S., Hidajat, M., & Prakoso, O. S. (2024). Pengaruh Kualitas Layanan, Kebijakan Publik dan Kepuasan Pelanggan terhadap Loyalitas Pelanggan. Jurnal Manajemen Pendidikan Dan Ilmu Sosial, 5(2), 76–85. https://doi.org/10.38035/jmpis.v5i2.1834

Gani, A. (2017). The Asian Journal of Shipping and Logistics. The Asian Journal of Shipping and Logistics, 33(4), 279–288. https://doi.org/10.1016/j.ajsl.2017.12.012

Hena, E. (2020). Analisis Faktor-Faktor Yang Berpengaruh Terhada Ekspor Non Migas Indonesia. Journal of Information System, Applied, Management, Accounting, 4(2), 2598–8700.

Huda, E. N., & Widodo, A. (2017). Determinan dan Stabilitas Ekspor Huda, E. N., & Widodo, A. (2017). Determinan dan Stabilitas Ekspor Crude Palm Oil Indonesia. Jurnal Ekonomi Dan Bisnis, 20(1), 47. https://doi.org/10.24914/jeb.v20i1.518Crude Palm Oil Indonesia. Jurnal Ekonomi Dan Bisnis, 20(1), 47.

Hussain, S., Ali, R., Abdul Latiff, A. R., Fahlevi, M., Aljuaid, M., & Saniuk, S. (2024). Moderating effects of net export and exchange rate on profitability of firms: a two-step system generalized method of moments approach. Cogent Economics and Finance, 12(1). https://doi.org/10.1080/23322039.2024.2302638

Joseph F. Hair, J., Hult, G. T. M., Ringle, C. M., & Rstedt, M. S. (2014). A Primer On Partial Least Squares Structural Equation Modeling (Pls-Sem) (Vicki Knight (ed.)). SAGE Publications, Inc.

Michis, A. A. (2025). On measuring competition in the ship management industry. Journal of Shipping and Trade, 10(1). https://doi.org/10.1186/s41072-025-00199-y

Otani, S. (2024). Industry Dynamics with Cartels : The Case of the Container. 1–60.

Sijabat, E. A. S., & Hutahayan, B. (2023). The Role of Service Digitalization in Moderating the Influence of Social Capital on Supply Chain Resilience and the Competitiveness of Sea Transportation Service Companies in Indonesia. Jurnal Manajemen Dan Organisasi, 14(2), 99-109.

Sugiyono. (2020). Metodologi Penelitian Kuantitatif, Kualitatif dan R & D.

Umeaduma, C. M., & Dugbartey, A. N. (2023). Effect of Exchange Rate Volatility on Export Competitiveness and National Trade Balances in Emerging Markets. 12(11), 57–71. https://doi.org/10.7753/IJCATR1211.1008

Zakia, M., Hanene, B., Samir, A., & Soumeia, D. (2024). The Impact of Logistics Performance on Export Market Penetration: an Econometric Study Using GMM. Financial Markets, Institutions and Risks, 8(4), 51–63. https://doi.org/10.61093/fmir.8(4).51-63.2024

Downloads

Published

2026-06-04

How to Cite

Kawibawa, I. G. S., Agusinta, L., Setiawan, E. B., Syamsya, E. A., & Sihombing, S. (2026). The Impact of Shipping Costs, Market Competition, And Service Quality with Exchange Rate as a Moderating Variable on the Export Volume in Shipping Companies. Jurnal Ekonomi Manajemen Sistem Informasi, 7(5), 4632–4641. https://doi.org/10.38035/jemsi.v7i5.8374

Most read articles by the same author(s)