Contemporary Finance & Economics ›› 2022, Vol. 0 ›› Issue (8): 112-123.

• Industry & Trade • Previous Articles     Next Articles

Research on the Global Trade Pattern of Tungsten Products and the Optimization of China’s Tungsten Products Trade Structure

ZHU Wen-xing, YIN Lian-tian, LIU Dao-lin, XU Ling   

  1. Jiangxi University of Science and Technology, Ganzhou 341000, China
  • Received:2022-02-22 Revised:2022-07-14 Online:2022-08-15 Published:2022-09-09

Abstract: The evolution of the global trade pattern of tungsten products is affected by the degree of trade dependence among the countries. Based on the theory of economic interdependence, this paper adopts the complex trade network analytical method to analyze the global trade pattern of tungsten products and the competition and cooperation environment in which China is located. It explores China’s key partners and the direction of trade structure optimization. The findings show that the current global trade of tungsten products presents a pattern of“multi-centralization and fragmentation”. The regionalization of international trade is obvious, the overall trade dependence continues to be low, and trade links are relatively loose. The leading role of the core importing countries in the global trade flow of tungsten products has been strengthened. China is at the core of the global tungsten products trade network, and its trade independence and anti-control capabilities have been improved; but its resource allocation and trade control capabilities are relatively weaker. China faces the bilateral dilemma of the game between major exporters and the counterbalance of the import market. In response to the competition and cooperation environment of global tungsten products trade, China should focus on strengthening the trade ties with countries along the“Belt and Road”route, making good use of the two major markets in Europe and the Asia-Pacific region, and establishing stable cooperative relations with the importing countries and innovating cooperation models.

Key words: complex network, tungsten products, trade structure optimization

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