Health & Beauty

According to customs statistics, China's total export of medical devices from January to November 2022 reached 444.179 billion yuan, and it is estimated that the total export volume in 2022 will be 478.6 billion yuan. According to the customs data, China's medical equipment exports showed an overall growth trend from 2018 to 2022, with a compound annual growth rate of 10.2%, which is far higher than the growth rate of China's total import and export trade of all products and GDP in the same period.

Total volume and growth rate of China's medical device export trade in 2018-2022

01. The export volume of medical consumables accounts for 61%. According to the customs data, during the period from January to November 2022, China's export volume of medical consumables reached 268.18 billion yuan, accounting for 60.4% of the total export volume of medical devices; The export value of in vitro diagnostic reagents and medical equipment was 76.993 billion yuan and 76.406 billion yuan respectively, accounting for 17%.

02. The top three categories of export value: protective masks, test strips and masks From the perspective of the ranking of the export value of each commodity, the customs data shows that the export value of protective masks from January to November 2022 is the highest, reaching 137464 billion yuan, accounting for 30.9%; Secondly, the export value of "other in vitro diagnostic test reagents" reached 68.664 billion yuan, accounting for 15.5%; The export value of masks reached 21.75 billion yuan, accounting for 4.9%. Among the medical equipment, the higher export value is 6.508 billion yuan for color ultrasound, 6.272 billion yuan for X-ray generator, 6.164 billion yuan for slicer and 5.69 billion yuan for medical sickbed.

03. Ranking of export growth rate: the export of dental products has the fastest growth rate

From the perspective of the growth rate of export value of key commodities (the scale of export value is more than 50 million yuan), the export growth rate of "other dental agents" was the fastest, reaching 1170% from January to November 2022. Among dental commodities, dental X-ray application equipment increased by 94%, dental wax and molding paste increased by 49%, dental treatment equipment increased by 41%, dental chair increased by 40%, and dental adhesive filler increased by 37%.

04. Ranking of export trade/surplus: The trade/surplus of protective products is the largest. From the ranking of export trade/surplus of various commodities, customs data shows that the trade/surplus of protective masks is the highest from January to November 2022, reaching 121.395 billion yuan, followed by 37.035 billion yuan of test reagents and 21.586 billion yuan of masks. In addition, medical equipment, such as non-invasive ventilators and patient monitors, entered TOP20 and expanded from local market to overseas market.