An Empirical Analysis of the Influencing Factors of China's Agricultural Trade Deficit
Agricultural trade plays an important role in China's economic development,the issues of agriculture,rural areas and farmers,and the promotion of rural revitalization and development,so it is of great practical significance to study the factors affecting China's agricultural products trade deficit.Eight indexes,including domestic supply,domestic demand,foreign demand and import price of agricultural products,were preliminarily selected,relevant data from 2005 to 2021 were calculated,and the top three variables with correlation degree were selected by the gray correlation analysis to establish a ridge regression model.The results show that the domestic supply and domestic demand of China's agricultural products have a positive impact on China's agricultural products trade deficit,and the competitiveness of agricultural products trade has a negative impact on China's agricultural products trade deficit.China belongs to a big agricultural country,agriculture is China's fundamental industry,but in recent years,China's agricultural export advantages have been weakening,and the trade deficit has gradually risen,which poses a certain threat to China's economic development and national security.Therefore,according to the results of the analysis,countermeasures and suggestions were put forward to give full play to the advantages of China's agricultural products,promote the development of science and technology,enhance international competitiveness,and increase support for agricultural products going global.