The exploration on the trade preferences of cooperation partners in four energy commodities’ international trade: Crude oil, coal, natural gas and photovoltaic

Qing Guan and Haizhong An

Applied Energy, 2017, vol. 203, issue C, 154-163

Abstract: The aim of our research is to explore whether the countries’ local trade pattern can reflect their preferences of selecting trade partners in different commodity’s markets. Considering of the energy and their alternative ones of daily use and power generation, we choose four energy commodities to make comparisons: crude oil, coal, natural gas and photovoltaic (PV). We use complex network and link prediction to explore local trade pattern, make projections based on 2014 data and approve them by 2015 data. We find that the international PV trade involves much denser cooperation among countries than other three commodities. Certain links, such as that between Canada and France-owned islands, are key paths for other countries to establish further trade cooperation. In addition, interestingly, high number of common trade partners promote two countries to establish fossil energy trade cooperation. However, for the global PV trade market, each country’s production capacity becomes a preferential element for further cooperation. Projections about potential trade links and core patterns are estimated. Governments can develop traditional energy with more triangle-shaped cooperation, while they can promote renewable energy cooperation by increasing the number of trade channels. Future cooperation can be estimated based on trade preferences in different markets.

Keywords: Trade preference; Crude oil; Natural gas; Coal; Photovoltaic; Link prediction (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261917307778
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:203:y:2017:i:c:p:154-163

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic

DOI: 10.1016/j.apenergy.2017.06.026

Access Statistics for this article

Applied Energy is currently edited by J. Yan

More articles in Applied Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().