Abstract

Based on the panel data of China's export trade of mechanical and electrical products to other BRICS countries from 2011 to 2023, this paper empirically analyzes the factors affecting China's export of mechanical and electrical products to BRICS countries by constructing an extended gravity model, and studies the trade potential of China's export of mechanical and electrical products to these countries. The empirical results show that the GDP of China, the GDP of the importing country, the direct investment in China and the preferential trade system arrangement between the trading countries have a significant positive impact on China's export of mechanical and electrical products to other BRICS countries, while the geographical distance between the two countries and the landlocked country of the importing country have a negative impact. The analysis results of trade potential between China and BRICS countries show that China and other BRICS countries still have great potential in the trade of mechanical and electrical products, and can further explore the development space of trade. Finally, based on the results of model analysis, this paper puts forward some suggestions on promoting China's export of mechanical and electrical products to BRICS countries.