China’s medical device exports are in good shape in the first half of 2020

In the first half of 2020, the new crown pneumonia epidemic raged across the world, causing serious shocks to international trade and the world economy. Affected by the epidemic, international trade continued to be sluggish in the first half of 2020, but the rapid growth of medical device exports has become a bright spot in my country’s foreign trade and played an important role in stabilizing foreign trade.

According to China’s customs statistics, my country’s medical device import and export trade volume was 26.641 billion US dollars in the first half of 2020, a year-on-year increase of 2.98%. Among them, exports amounted to 16.313 billion U.S. dollars, an increase of 22.46% year-on-year; from a single market, the United States, Hong Kong, Japan, Germany and the United Kingdom were the main export markets, with exports exceeding 7.5 billion U.S. dollars, accounting for 46.08% of total exports. Among the top ten export markets, with the exception of Germany, where the year-on-year growth rate dropped, the other markets have increased to varying degrees. Among them, the United States, Hong Kong, China, the United Kingdom, South Korea, the Russian Federation and France have increased by more than double digits year-on-year.

In the first half of 2020, my country’s exports to traditional markets have rebounded in an all-round way, and exports to some BRICS countries have increased significantly. my country’s exports to Europe, Latin America and North America increased by 30.5%, 32.73% and 14.77% respectively. From the perspective of export growth rate, my country’s export of medical equipment to the Russian Federation was 368 million US dollars, an increase of 68.02% year-on-year, the largest increase.

In addition to traditional markets, in recent years, my country has made great efforts to develop emerging markets along the “Belt and Road”. In the first half of 2020, my country exported 3.841 billion US dollars of medical device products to countries along the “Belt and Road”, a year-on-year increase of 33.31%.