Medical Instruments in China 2020 Exports | Imports : $10B | $8.54B, World Rnk 5 / 216 Rnk 53 / 1215 | World Rnk 4 / 225 Rnk 30 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $566M | $80.2M, United States | Hong Kong
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Medical Instruments: 0.74, Rnk 268 / 1029
Exports In 2020, China exported $10B in Medical Instruments, making it the 5th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 53rd most exported product in China. The main destination of Medical Instruments exports from China are: United States ($2.22B), Germany ($655M), Hong Kong ($551M), Japan ($525M), and Russia ($417M).
The fastest growing export markets for Medical Instruments of China between 2019 and 2020 were United States ($566M), Russia ($216M), and United Kingdom ($172M).
Imports In 2020, China imported $8.54B in Medical Instruments, becoming the 4th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 30th most imported product in China. China imports Medical Instruments primarily from: United States ($3.09B), Germany ($1.38B), Japan ($1B), Netherlands ($634M), and Hong Kong ($193M).
The fastest growing import markets in Medical Instruments for China between 2019 and 2020 were Hong Kong ($80.2M), Netherlands ($47.5M), and Thailand ($34.6M).
Tariffs In 2018, the average tariff for China in Medical Instruments was 2.85%. The countries with the highest import tariffs for Medical Instruments were Hong Kong (Most Favoured Nation duty rate treatement, 3.92%), India (Most Favoured Nation duty rate treatement, 3.86%), Sri Lanka (Most Favoured Nation duty rate treatement, 3.86%), South Korea (Most Favoured Nation duty rate treatement, 3.8%), and Macau (Most Favoured Nation duty rate treatement, 3.68%).
December 2022
Overview In December 2022 China's Medical Instruments exports accounted up to $972M and imports accounted up to $1.01B, resulting in a negative trade balance of $33.7M. Between December 2021 and December 2022 the exports of China's Medical Instruments have decreased by $-419k (-0.043%) from $972M to $972M, while imports decreased by $-182M (-15.3%) from $1.19B to $1.01B.
Destinations In December 2022, Medical Instruments were exported mostly to United States ($217M), Russia ($64.6M), Hong Kong ($57.9M), Japan ($54.7M), and Germany ($44.7M), and were imported mostly from United States ($263M), Mexico ($167M), Germany ($121M), Japan ($120M), and Ireland ($41.3M).
Growth In December 2022, the decrease in Medical Instruments's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-27.6M or -49.6%), Netherlands ($-5.91M or -21.2%), and South Africa ($-2.43M or -38.5%). In December 2022, the decrease in Medical Instruments's year-by-year imports was explained primarily by a decrease in imports from Germany ($-14.3M or -9.53%), Netherlands ($-9.68M or -34.5%), and Puerto Rico ($-5.41M or -33.1%).
EXPORT GROWTH (December 2021 - December 2022): $-419k, (-0.043%)
IMPORT GROWTH (December 2021 - December 2022): $-182M, (-15.3%)
MAIN EXPORTER (December 2022): Guangdong Province, $288M
MAIN DESTINATION (December 2022): United States, $217M
This section shows Medical Instruments's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Medical Instruments over time.
For full datasets download visit Bulk Download page.
EXPORTS (2020): $10B
IMPORTS (2020): $8.54B
NET TRADE (2020): $1.5B
In 2020, China exported $10B in Medical Instruments. The main destinations of China exports on Medical Instruments were United States ($2.22B), Germany ($655M), Hong Kong ($551M), Japan ($525M), and Russia ($417M).
In 2020, China imported $8.54B in Medical Instruments, mainly from United States ($3.09B), Germany ($1.38B), Japan ($1B), Netherlands ($634M), and Hong Kong ($193M).
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Medical Instruments were:
In 2020, China's main importing competitors in Medical Instruments were:
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb