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A study on the trade complementarity and competitiveness of mechanical and electrical products between China and RCEP member countries

In: Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)

Author

Listed:
  • TAN Fen

    (Dongguan City University, Digital Economy School)

Abstract

After the official implementation of the RECP agreement, it will provide more import and export cooperation opportunities and development space for China's trade in mechanical and electrical products. Using the UN Comtrade database, this paper collates the trade situation of mechanical and electrical products between China and RCEP member countries from 2012-2021, and conducts an indexical analysis of the trade structure between China and each RCEP member countries. The results show that China's trade in mechanical and electrical products with developed economies such as Japan, South Korea and Singapore is weak and stable in terms of competitive relations and strong in terms of trade complementarities, and has greater trade potential; its trade relations with Philippines, Indonesia, Australia and New Zealand is low in terms of both competitiveness and complementarities. Based on this study, recommendations are made to further promote China's trade in mechanical and electrical products with RCEP countries to improve its quality.

Suggested Citation

  • TAN Fen, 2024. "A study on the trade complementarity and competitiveness of mechanical and electrical products between China and RCEP member countries," Advances in Economics, Business and Management Research, in: Luiz Moutinho & Carlos Flavian & Rita Yi Man Li & Qiwei Zhou (ed.), Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023), pages 384-393, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-260-6_50
    DOI: 10.2991/978-94-6463-260-6_50
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