Analysis of Competitiveness and Complementarity of Chinese Fruits and Vegetables in Pakistani Market in the Context of Industrial Internet of Things

Abstract

The digital revolution changes the perception of the economy and business. The emergence of the industrial internet of things (IIoT) poses a large impact on established business models of manufacturing companies. As an important economic partner of China in South Asia, Pakistan plays an important role in the Belt and Road Initiative. This paper based on the three models: trade specialization coefficient (TSC) index, revealed comparative advantage (RCA) index, and trade complementarity (TC) index, analyzes the competitiveness and complementarity of Chinese Fruit and Vegetable (F&V) trade between China and Pakistan. The results showed that China-Pakistan had their own comparative advantages in F&V export, and there was a big difference in the types of F&V, and the competitiveness of F&V export between them was weak. The import and export structure of F&V between China and Pakistan is consistent, and there is strong trade complementarity. Therefore, it is suggested that China-Xinjiang and Pakistan should establish an import and export cooperation mechanism for F&V and export F&V with strong complementarity to each other. We should build a well-connected logistics network, which relies on the geographical advantages of Xinjiang, and comprehensively upgrade the level and quality of agricultural cooperation with Pakistan to enhance the agricultural cooperation between China and Pakistan. At the same time, China-Pakistan should strengthen cooperation in agricultural technology, trade, and equipment so as to achieve win-win results.