This study uses monthly data on the value of Indonesian exports (Million US$) obtained from the Central Statistics Agency (BPS) from January 1993 to December 2022. The process of collecting export data by BPS is based on export documents or Goods Export Notification (PEB) filled out by exporters and has been given a loading permit by the Customs and Excise Service Office, then sent to BPS and Bank Indonesia (BI). Since 2015, other data sources in export recording are records from other agencies such as PT POS Indonesia, and sea border export surveys.