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In this study, China’s virtual water trade was measured on the basis of multi-region input/output tables, and its influencing factors of change were decomposed. The results revealed that virtual water export and import increased from 161.5 billion tons and 114.07 billion tons in 2007 to 193.31 billion tons and 157.1 billion tons in 2014, respectively. Eight economies accounted for more than 50% of China’s total virtual water export and import, whereby the total of the United States, Japan, and Europe reached 44% (export) and 31.3% (import). The export scale, export of intermediate products, export industry structure, domestic water consumption coefficient, and domestic intermediate input structure were the main factors of the change in virtual water export. The growth of export scale was the primary reason for the growth of virtual water export. A decline in the domestic water consumption coefficient was the primary reason for the restrained growth of virtual water export. The import scale, import of intermediate products, import industry structure, water consumption coefficient of foreign countries, and the correlation among domestic industries were the main factors affecting the change in virtual water import. The growth of import scale was the primary reason for the growth of virtual water import in most sectors. A decline in the water consumption coefficient abroad was the primary reason for the restrained growth of virtual water import.

Research on the Measurement and Influencing Factors of Implicit Water Resources in Import and Export Trade from the Perspective of Global Value Chains