Research On Export Potential Of Textile And Garment From China To Countries Along The "One Belt And One Road"

As a major producer of textiles and clothing,China has occupied more than 30%of the global market share in the past decade.However,in recent years,with the rise of domestic raw materials and labor costs,the textile and garment industry has gradually transferred to South Asia,Southeast Asia and other regions.It is of great significance to explore the implementation of the "the Belt and Road" initiative as an opportunity to improve the efficiency of China’s textile and clothing exports to countries along the "the Belt and Road".It is of great necessity to break through the bottleneck of industry development,expand China’s textile and garment market,and build a new cycle of international trade in the complex and changeable international economic environment.By combing the literature,this paper finds that there are few papers using stochastic frontier gravity model to study China’s textile and clothing exports to countries along the "the Belt and Road",while there are fewer papers using institutional distance as a trade non-efficiency item.Based on this,this study takes the countries along the "the Belt and Road" as the research object,takes institutional distance as the most important trade non efficiency item,and studies the impact of institutional distance and other factors on China’s textile and clothing export efficiency to the countries along the "the Belt and Road".This paper first reviews the trade situation of China’s textile and clothing exports from 2002 to 2019,and finds that China’s textile and clothing exports to countries along the "the Belt and Road" are characterized by a relatively concentrated export product structure and market structure.Then,the stochastic frontier gravity model is used to study the trade efficiency and potential of China’s textile and clothing exports to countries along the "the Belt and Road" by introducing factors such as institutional distance into the trade non-efficiency term.The results show that institutional distance has a significant negative impact on the level of trade efficiency,while the "the Belt and Road" initiative and free trade agreement have a significant role in promoting the export of China’s textiles and clothing.There are differences in the trade efficiency and potential of China’s textile and garment exports between countries and regions,and the overall trade efficiency level has increased in the sample period.Therefore,in order to further develop the export trade potential of China’s textiles and clothing,China should actively maintain trade relations with countries with high export trade efficiency,and focus on developing the trade potential of countries with low export trade efficiency and large trade scale.In addition,measures should be taken to optimize the export trade structure of textiles and clothing,strengthen the construction of free trade agreements,and reduce the institutional distance between bilateral trade systems.