Search

Empirical Analysis of the Influencing Factors on the Export of Chinese Herbal Medicines in Gansu under the Background of RCEP

Author(s)

Linming Wang1,*, Mengrui Zhang2

Affiliation(s)

1College of Economics, Northwest Normal University, Lanzhou, China 2College of Marxism, Northwest Normal University, Lanzhou, China

Abstract

As Gansu's advantageous and characteristic agricultural products, Chinese herbal medicines have export potential and competitiveness in the international market. The formal entry into force of the RCEP agreement has brought broad market opportunities for the export growth of Gansu's Chinese herbal medicines. This paper takes the signing of the RCEP agreement in 2020 as the cut-off point, compares and analyzes the changes in the production and export of Chinese herbal medicines in Gansu, and empirically analyzes representative variables selected from four aspects, namely, market demand, production and supply, logistics and transportation, and trade facilitation, by using Principal Component Analysis (PCA) and Factor Analysis, to study the influencing factors of the export of Gansu's Chinese herbal medicines to the member countries of the RCEP, and the results show that The results show that "production capacity and logistics efficiency", "export scale and price" are the core factors influencing the export of Chinese herbal medicines from Gansu to RCEP member countries.

Keywords

Gansu Province; Chinese Herbal Medicines; RCEP; Influencing Factors

References

[1]Wang Yini,Wu Ling. International situation, food security and China's program in global perspective. Agricultural Economics and Management, 2024(02): 13. [2]Li Guoxiang, Cheng Xiujuan, Zhu Wenbo. The Development of China's Agricultural Product International Trade and Enhancement of Domestic Food Security in the New Era and New Journey. Rural Economy, 2024(01):1. [3]Lu Jianming, Cao Jian. The Evolution of Global Trade Barriers under the Impact of Trade Protectionism: A TRI Measurement and Analysis Based on the Introduction of Non-Tariff Barriers. International Trade and Economic Exploration, 2025(05):73. [4]Zhang Tianding,Gong Tong. The Power of Globalization Reshapes Regionalism: The Division of Labor in Global Value Chains and the Formation of Regional Trade Agreement Networks. Research on World Economy, 2022(07): 18. [5]Song Zhiyong,Zhu Siqiao. Research on the Impact and Countermeasures of RCEP Signing on East Asian Regional Economic Cooperation in the Post-Epidemic Era. International Trade, 2021(05): 71. [6]Shi Chao,Hu Liequ,Duan Haitao. Study on the Impact of Trade Facilitation on Agricultural Trade between China and Other RCEP Member Countries. Guangxi Social Science, 2023(05): 77. [7]Qian Jingfei, Shun Zhilu, Chen Yangfen, et al. Quantitative modeling and policy implications of the implementation of Regional Comprehensive Partnership Agreement (RCEP) on China's agriculture. Agricultural Technology and Economics, 2022(09): 33. [8]Cheng Meixiu,Chen Yangfen. Effectiveness, Challenges and Countermeasures of Agricultural Trade Cooperation between China and Other RCEP Member Countries. Guangxi Social Science, 2024(05): 74. [9]Wen Jun, Yan Zhijun, Cheng Yu. Research on the innovation effect of digital economy--Regression based on inter-provincial panel data. Economic System Reform, 2020(03):31. [10]Zhang Hongli,Jia Nan. Research on employment effect of trade openness. Frontiers of Engineering Management Science and Technology, 2022(06): 89.