Influential factors and potential calculation of Zhejiang export based on extended gravity model of trade

On the basis of the extended gravity model of trade, it utilizes panel data from 14 countries (regions) which are the main destinations of Zhejiang exports from 2003 to 2010, and also makes use of Eviews5.0 to conduct the multi-variable linear regression analysis on the gravity model of trade. According to the analysis results, Zhejiang shows “saturated exports” to Europe, USA, Singapore and Hong Kong, which indicates that it is almost impossible to make improvement on the basis of the original export structure, while it shows “insufficient exports” to Taiwan, Japan, Korea, Russia and Australia, which indicates great potentials for development.