Research on the Current Situation of Aquatic Product Trade between China and ASEAN and Its Influencing Factors

All the time, The trade of aquatic products plays an essential role in agricultural development. The Association of Southeast Asian Nations (ASEAN) is one of the most important markets for China’s aquatic product trade.Based on an in-depth analysis of the current status of aquatic product trade between China and ASEAN, this paper conducts an empirical investigation into the key factors influencing bilateral trade in this sector. The research findings reveal that, at present, the volume of aquatic product trade between China and ASEAN is substantial. However, significant trade imbalances persist. The trade structure demonstrates intense competition, coupled with a relatively high degree of market concentration. More specifically, variables such as China's GDP, population size, exchange rate fluctuations, and geographical trade distance exert a pronounced positive influence on aquatic product trade. Conversely, membership in the same free trade area exhibits a certain negative effect on trade flows. Under the framework of the "dual circulation" development strategy, China should aim to upgrade the value chain of its aquatic product industry, foster market diversification, and further identify potential growth areas for enhanced cooperation with ASEAN. Such measures will contribute to the sustainable and steady expansion of aquatic product trade between the two regions