Evolution and Drivers of Embodied Energy in Intermediate and Final Fishery Trade Between China and Maritime Silk Road Countries

Fishery plays an important role in world trade; however, the embodied energy associated with fishery remains incompletely quantified. In this study, we applied the multi-regional input-output (MRIO) model and logarithmic mean Divisia index (LMDI) approach to understand the evolution and drivers of embodied energy in the intermediate and final fishery trade between China and countries along the 21st century Maritime Silk Road (MSR) from 2006 to 2021. The findings are as follows: (1) Embodied energy in the intermediate fishery trade averaged 92.2% of embodied energy from the total fishery trade. China has gradually shifted from being a net exporter to a net importer of embodied energy in intermediate, final, and total fishery trade with countries along the MSR. (2) From a regional perspective, the embodied energy in China’s fishery trade with Japan, South Korea, and Southeast Asia comprises the majority of the embodied energy from China’s total fishery trade (82.0% on average annually). From a sectoral perspective, petroleum, chemical and non-metallic mineral products, and transport equipment were prominent in the embodied energy of China’s intermediate fishery trade (64.0% on average annually). (3) Economic output increases were the main contributors to the increasing embodied energy in all types of fishery trade in China. The improvement in energy efficiency effectively reduced the embodied energy in all types of fishery trade in China, but its negative driving force weakened in recent years owing to minor energy efficiency improvements. Understanding the embodied energy transactions behind the intermediate and final fishery trade with countries along the MSR can provide a theoretical reference for China to optimize its fishery trade strategy and save energy.