The Impact of the Economic, Societal and Environmental Factors on Sustainable Trade of a Country

This study explores the influence of economic, societal, and environmental factors on a country's sustainable trade using Bayesian Neural Network analysis to evaluate the correlation between these factors and the Trade Sustainability Index. It emphasizes the importance of considering all three factors in promoting sustainable trade and suggests that countries should enhance Societal and Environmental Pillar components for better trade sustainability. The network comprised four nodes: the Societal Pillar and Overall Sustainable Trade Index displayed the strongest correlation, the Environmental Pillar and Overall Sustainable Trade Index, and Economic Pillar and Overall Sustainable Trade Index. The analysis of independent variables suggests a stronger correlation between environmental and economic pillars than between societal and economic pillars. Compared to the Environmental Pillar's relationship between societal pillars, the Economic Pillar's interaction with societal pillars is more vital. In contrast to the relationship between the societal pillar and Environmental Pillar, the interaction between the Economic Pillar and Environmental Pillar is more vital.