The Research On Sino-US Agricultural Products Trade Imbalance Problem

In recent years, the imbalance of agricultural products trade between Sino-US has become a major and sensitive issue in international trade. With the increasing scale of agricultural products trade, trade imbalance between Sino-US is getting worse. The trade deficit between Sino-US expanded from $2.2 billion in 2007 to $18.4 billion in 2014. The average annual growth rate is 42%. Continued expansion of the trade deficit will lead to China’s excessive dependence on U.S. agricultural products and have bad effect on the relations between the two countries. Therefore, the Sino US agricultural trade imbalance between the two governments has aroused great concern. Here are the main performances of trade imbalance between the two countries:China’s exports of agricultural products to the United States are lower than imports, and the export of agricultural products has been restrained. The factors that affect the export of agricultural products in China include economic level, resource endowment difference and exchange rate volatility and so on. The more important factor is the United States on China’s agricultural products to implement technical barriers to trade, so that China has a resource endowment advantage of agricultural products can not give full play to its comparative advantage, This essay will start with the current situation of agricultural products trade imbalance between Sino-US. Using the trade deficit, TCD and RCA index to analyze the situation of Sino-US agricultural trade deficit. The essay also analyze the cause of imbalance between the two countries from macro and micro level. Using the international trade theory and statistical correlation analysis method, to forecast the imbalance of agricultural trade. Taking tea as the research object, considering the economy, region, population and so on, analyze the impact of various factors on Sino-US agricultural products trade comprehensively. Finally, the essay gives four aspects reasonable suggestions to promote the development of Sino US agricultural trade:expanding economic scale and the scale of agriculture, narrowing the gap between the international and domestic area, improve the level of quality and safety of agricultural products and perfect and improve technical standard system of agricultural products.