Trading Partners' Logistics Performance and China's Exports

In the background of the advancing development of the global supply chain, the connection between logistics and international trade has become increasingly close. This paper is intended to investigate the relationship between trading partners' logistics performance and China's exports from the dual dimensions of theory and empirical, and provide a new perspective for understanding the operation mechanism of international trade. In this study, China's export volume is taken as the dependent variable, and World Bank's Logistics Performance Index is adopted as the core explanatory variable. A two-way fixed-effects model is constructed for empirical analysis, and panel data of 31 major trading partners of China from 2010 to 2022 are employed. Furthermore, robustness check and heterogeneity analysis are conducted. The results show that there is a positive correlation between trading partners' logistics performance and China's exports. This conclusion is supported by the robustness check. Heterogeneity analysis reveals that this relationship is significant in developed countries but not in developing countries. On the basis of the above conclusions, it is suggested that enterprises and the government can strengthen the formulation of logistics system, thereby promoting the common prosperity of the international economy in the win-win cooperation.