Licorice is an important harmonic drug which has been widely used in traditional Chinese medicine since ancient times. However, with the increasing demand of industrial production, the licorice resources in our country have been reduced rapidly and we have to import licorice resources from Kazakhstan and Uzbekistan consequently. In order to find out the trade flow of licorice resources and evaluate the status of Chinese licorice in the world trade, the trade situation of licorice and its products from 2011 to 2015 May in Chinese customs was investigated and analyzed in this paper. The import and export volumes of licorice were declining; the import and export volumes of licorice were relatively concentrated in international trade, with greater risks of trade; and export quota management was not well executed. As one of the strategic resources of medicine, licorice resources must be based on domestic development, and we should adjust the export quota management from passive quota to active quota management and improve the intrinsic value of licorice resources to establish the international market position of our licorice and control the pricing power in international market.
Keywords: entry and exit survey; export quota; resource economics; licorice and its products.
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