Research On The Export Potencial Of Equipment Manufacturing Products Between China And The Belt And Road Countries

With the advancement of the Belt and Road initiative,China’s trade with the countries along the route is getting closer and closer,and trade cooperation is also deepening.As a strategic industry of the national economy,the equipment manufacturing industry is an important part of China’s manufacturing.It not only helps to reflect the country’s comprehensive strength,but also promotes the optimization of China’s manufacturing export structure and the overall stability and progress of the economy and society.It is of great significance to attach importance to the development of industries with high correlation between “facility connectivity” and “trade connectivity” in the Belt and Road Initiative.Therefore,from the perspective of the equipment manufacturing industry and its 7 sub-industries,this article uses the analysis method of the Time-Varying Technical Inefficiency Models(bc95 model)to analyze China’s export potential of the equipment manufacturing products along the Belt and Road countries.And country and regional comparative analysis of export efficiency.The study found that the economic development level of both China and the countries along the “Belt and Road” and the market size of partner countries have a positive impact on trade exports,while the bilateral geographic distance has become a major obstacle to exports.In addition,the export efficiency fluctuates and average efficiency is not high,indicating that China will have a huge export potential of the equipment manufacturing industry of the countries along the Belt and Road in the future,and the export efficiency of different regions and countries is also significantly different,that is,the export potential is also different.And the system Environment,trade openness,regional economic integration and infrastructure are important factors that affect trade inefficiency.Based on this,in order to improve the efficiency of China’s export of equipment products to countries along the “Belt and Road”,China should strengthen trade cooperation with countries along the Belt and Road,make full use of the market,and at the same time strive to reduce the resistance of export efficiency,and actively improve the conditions of trade development,it should also Pay attention to the differentiated characteristics of the export market and adopt different market strategies for different types of countries.