Proceedings of the 3rd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2024, March 29–31, 2024, Wuhan, China

Research Article

Study on the Trade Relationship between Guangdong Province and RCEP Member Countries in Electrical and Mechanical Products

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  • @INPROCEEDINGS{10.4108/eai.29-3-2024.2347445,
        author={Fen  Tan},
        title={Study on the Trade Relationship between Guangdong Province and RCEP Member Countries in Electrical and Mechanical Products},
        proceedings={Proceedings of the 3rd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2024, March 29--31, 2024, Wuhan, China},
        publisher={EAI},
        proceedings_a={ICBBEM},
        year={2024},
        month={6},
        keywords={guangdong province rcep electromechanical products (e\&e products) trade relations},
        doi={10.4108/eai.29-3-2024.2347445}
    }
    
  • Fen Tan
    Year: 2024
    Study on the Trade Relationship between Guangdong Province and RCEP Member Countries in Electrical and Mechanical Products
    ICBBEM
    EAI
    DOI: 10.4108/eai.29-3-2024.2347445
Fen Tan1,*
  • 1: Dongguan City University
*Contact email: tanfen@dgcu.edu.cn

Abstract

As the number one import and export product between Guangdong province and RCEP member countries, trade in electromechanical products plays an important role, and this paper focuses on the changes between bilateral trade in electromechanical products after the official implementation of the RECP agreement. Using data from the General Administration of Customs, Guangdong Provincial Statistical Yearbook, and UN Comtrade database, the trade status of electromechanical products between Guangdong Province and RCEP member countries from 2015-2022 is collated, and the trade structure between the two sides is analyzed exponentially. The results show that Guangdong Province's trade in electromechanical products with Japan, South Korea, Singapore and other developed economies has a weak and stable competitive relationship and strong trade complementarity, and there is a large trade potential; with the Philippines, Indonesia, Australia and New Zealand electromechanical products have a low level of competitiveness and complementarity. On the basis of this study, recommendations are made to further promote the trade of electromechanical products between Guangdong Province and RCEP countries to improve the quality and excellence.