Study On The Trade Balance Of Economies In Northeast Asia

Since 2017,because trade imbalance,the trump government impose tariffs,and launch a trade war to their trading partners,spreading to the European Union,north American free trade area,and many Asian countries,especially between China and the United States in the trade war,causing global trade tensions,highlights the importance of trade balance.In the past 30 years,east Asia economic circle has been the economic region with the fastest economic growth and the largest trade growth in the world economy.The trade balance among northeast Asian economies can not only reduce the frictions and conflicts among countries,but also benefit the trade exchanges and economic development of the economies,and contribute a lot to regional peace and stability.First of all,this paper studies the trade balance of northeast Asian economies.In global trade relations,China,South Korea and Russia’s far east federal zone have perennial trade surpluses,Japan has a favorable and unfavorable situation,Mongolia has achieved a deficit to a surplus,and north Korea has a perennial deficit.In northeast Asia,China and north Korea are in deficit,Japan,South Korea and Russia’s far eastern federal zone are in surplus,and Mongolia is in deficit to surplus.In addition,the influence of the trade policy of each economy on the trade balance and the influence of free trade agreement on the trade balance of each economy are also studied.Second,the author by the least square method empirically the effect of import and export trade to GDP.the results showed that export trade to promote economic growth in China,South Korea and Japan,and Korea,far eastern federal district and Mongolia import trade to promote its economic growth,that is to say,the trade surplus and trade deficit with China’s influence on the economic growth of different economies are not the same.Finally,based on the current situation of trade balance,the impact of trade policies on trade balance,the impact of free trade agreements on trade balance,and the results of empirical tests,the author lists the trade balance problems of various economies in northeast Asia,and puts forward Suggestions for maintaining trade balance or improving trade imbalance.