Economic and trade cooperation mechanism of China-CEEC is increasingly mature and bilateral trade has grown by leaps and bounds driven by China-CEEC Leaders Meeting and “One Belt and One Road”. This paper analyzes and calculates the influencing factors and potentials of Chinese Machinery and Electronic Products export to Central and Eastern European Countries from 1997-2014 based on the expanded Trade Gravity Model. The results show that: both sides’ economic scale, geographical distance and exchange rate all exert significant effects on export flow; Technical Barriers to Trade and whether CEEC join the UN both have negative influences on export flow, but not significant; Outlet flow increases with the expand of mutual per capita income gap. Computed outcome indicates that there exists immense potential on Machinery and Electronic Products export trade. Finally, the paper proposes some policy suggestions about promoting the trade.