Research on the Efficiency and Potential of China's Textile Export Trade to ASEAN Countries

Abstract

Based on the time-varying stochastic frontier gravity model, calculate the efficiency, potential, and expansion space of China's textile export trade to ASEAN countries from 2010 to 2023. The research results indicate that among the non efficiency items of trade, ASEAN's foreign trade dependence, exchange rate, and trade freedom have a significant positive impact on trade; Monetary freedom and political stability have a significant negative impact. There are differences in China's export efficiency to different countries, with high export efficiency to Cambodia and Singapore, while relatively low export efficiency to countries such as Laos, Thailand, and Brunei. From the perspective of expanding trade space, the future should focus on strengthening the development of markets such as Brunei, Indonesia, Laos, and the Philippines. To this end, it is necessary to fully unleash China's trade potential with relevant countries through measures such as deepening infrastructure construction and enhancing bilateral and multilateral openness.