Economic analysis- EXIM

Ritika

Some forecasts
Yang Changzhi contemplated the trade capability in ASEANChina FTA and noted that an excess trade between China and
ASEAN countries exists at present (2003)
Benjamin A. Roberts used the Gravity Model (2004)
explained trade flows within China-ASEAN Free Trade Area
showed that the trading partners will gain from the formation
of the FTA in 2010
Disadvantages of economic integration is a critical point in
all previous studies and is commonly underestimated.

 Distance and size affects- the empirical studies show ChinaASEAN FTA had a significant effect on bilateral trade
between China and ASEAN members, and the trade flows
between them would take on a simulative trend for capital
intensive goods.

Notable factors1. Barriers except for tariff

2. Competition from other countries signing FTA agreements
with ASEAN
3. Competition in between substitutes in China and ASEAN
members
exist which weaken the trade links between China and ASEAN
Chinese import and export totalled US$ 4,200 billion (2013)
with a growth of 7.6%.

 Export was up by 7.9% US$ 2,200 billion

Import improved by 7.3% S$ 259.75 billion with trade
surplus.

December 2013- Chinas import and export totalled US$

389.84 billion with a 6.2% growth
Export was up by 4.3% US$ 207.74 billion
Import was US$ 182.10 billion, up by 8.3%
Trade surplus of US$ 25.64billion.

Import/ Export
December

January-December

Absolute Value

Increase %

Absolute Value

Increase %

Total Import and

Export Value

3898.4

6.2

41603.3

7.6

Export Value

2077.4

4.3

22100.4

7.9

Import Value

1821.0

8.3

19502.9

7.3

Import and Export

Balance

256.4

-17.3

2597.5

12.8