This report is based on the import and export data of China Customs, and conducts multidimensional analysis from the overall trend of medical device import and export, trade categories, trading partners, trading provinces and cities, aiming to objectively evaluate the trend and market pattern of China's medical device import and export trade, and provide certain data references for relevant enterprise project evaluation, market research, channel expansion, etc. The relevant data are all sourced from the global medical device big data service platform - Yaozhi Medical Device Data, under the umbrella of Yaozhi Network. If you need detailed data in the report, please go to Yaozhi Medical Equipment Data for more information.

Overall analysis
Overall, compared to last year, China's import and export trade volume has shown a comprehensive growth trend.

From January to December 2024, overall data shows that in terms of exports, the Asian market is the largest export trade market, accounting for 32.79% of the market share. In 2024, China's total exports to RCEP countries, the "the Belt and Road" and ASEAN will be 68.68 billion yuan, 74.877 billion yuan and 27.458 billion yuan respectively; Compared with 2023, RCEP countries increased by 9.31%, the "the Belt and Road" increased by 13.65%, and ASEAN increased by 12.2%. In 2024, China's medical devices will be mainly exported to the United States, Japan, and Germany. The United States is China's largest export trade country, accounting for 25.03% of China's export market. In 2024, China's export of medical consumables accounted for the highest proportion, reaching 44.61%. In China's foreign trade of medical devices, Guangdong Province has the largest export volume, with an export value of 75.886 billion yuan in 2024.

In terms of imports, the European market is the largest import trade market, accounting for 42.74% of the market share. In 2024, the main importers of medical devices in China will be the United States, Germany, and Japan. The United States is China's largest import trading country, accounting for 22.82% of China's import market. In 2024, the proportion of imported medical equipment in China was the highest, reaching 45.11%. In China's medical device import trade, Shanghai is the province with the largest import volume, with an import volume of 132.284 billion yuan in 2024.

1. Details of China's Medical Device Import and Export Trade from January to December 2024
From January to December 2024, the average growth rate of China's total import and export of medical instruments was 1.23%; The average export value increased by 1.50%; The average import value decreased by 0.88%.

2. Top 20 Import and Export Trade Volumes of Medical Devices in China from January to December 2024.
From January to December 2024, Shanghai, Guangdong, and Jiangsu ranked among the top three in terms of the total import and export trade volume of medical devices in China, with Shanghai's total trade volume from January to December reaching 162.258 billion yuan.

Product Analysis
1. Details of the trade volume of various categories of medical equipment imported and exported by China from January to December 2024
From January to December 2024, the import trade volume of IVD reagents and IVD instruments will be greater than the export trade volume, while all other products will have a surplus.

2. Top 10 products in China's medical equipment import and export trade volume from January to December 2024

3. Trend analysis of main product trade volume from January to December 2024
From the analysis of instrument categories, in terms of exports, China's total export trade of dental equipment and accessories increased the most in 2024, with an export value of 5.701 billion yuan, a month on month increase of 22.68%; The export value of medical consumables ranked first, reaching 127.192 billion yuan, a month on month increase of 13.69%.

In terms of imports, China's total trade volume of imported rehabilitation products increased the most in 2024, with an import value of 110 million yuan, a month on month increase of 20.66%; The import value of medical equipment ranked first, reaching 110.601 billion yuan, a month on month increase of 5.28%.

From the data of total trade volume of major products, from January to December 2024, the trend of medical equipment and medical consumables is roughly the same, both showing a significant decline in February and May 2024, and then rising.

Market analysis
1. Intercontinental trade pattern
From January to December 2024, China's equipment trade was mainly concentrated in Europe and North America, accounting for 34.19% and 31.12% respectively, with a total trade volume of 181.3 billion yuan and 1650.41 billion yuan, respectively. Among them, in terms of exports, Asia has the highest proportion of export value, reaching 32.79%, with an export value of 93.489 billion yuan, a month on month increase of 8.92%; In terms of imports, Europe had the highest proportion of imports, reaching 42.74%, with imports of 104.785 billion yuan, a month on month increase of 3.71%.

2. Trade of countries along the "the Belt and Road"
From January to December 2024, China's import and export along the "the Belt and Road" will be 105.921 billion yuan, accounting for 19.97% of China's total global trade, an increase of 12.6% month on month. Among them, exports amounted to 74.877 billion yuan, accounting for 26.26% of China's total exports, with a month on month increase of 13.65%; Imports amounted to 31.045 billion yuan, accounting for 12.66% of China's total imports, with a month on month increase of 10.16%. Imports and exports to Singapore, India, the Russian Federation, Malaysia and Vietnam were 13.531 billion yuan, 9.516 billion yuan, 9.196 billion yuan, 8.459 billion yuan and 7.050 billion yuan respectively, accounting for 45.08% of China's total imports and exports to countries along the "the Belt and Road" in the same period.

From January to December 2024, China's total import and export trade along the "the Belt and Road" will increase by 1.72% on average. Among them, the average export value increased by 2.11%; The average import value increased by 0.83%.

3. RCEP member countries' trade
From January to December 2024, China's imports and exports to RCEP countries amounted to 118.095 billion yuan, accounting for 22.27% of China's global trade volume and a month on month increase of 5.62%. Among them, exports amounted to 68.68 billion yuan, accounting for 24.09% of China's total exports, with a month on month increase of 9.31%; Imports amounted to 49.415 billion yuan, accounting for 20.15% of China's total imports, with a month on month increase of 0.89%. Imports and exports to Japan, South Korea, Singapore, India, and Australia amounted to 40.02 billion yuan, 13.645 billion yuan, 13.531 billion yuan, 9.516 billion yuan, and 8.614 billion yuan, respectively, accounting for 72.25% of China's total imports and exports to RCEP countries during the same period.

From January to December 2024, China's total import and export trade with RCEP countries increased by an average of 1.30%. Among them, the average export value increased by 1.08%; The average import value increased by 1.62%.

4. ASEAN countries' trade
From January to December 2024, China's imports and exports to ASEAN countries amounted to 43.24 billion yuan, accounting for 8.15% of China's global trade volume and a month on month increase of 8.16%. Among them, exports amounted to 27.458 billion yuan, accounting for 9.63% of China's total exports, with a month on month increase of 12.2%; Imports amounted to 15.783 billion yuan, accounting for 6.44% of China's total imports, with a month on month increase of 1.78%. Imports and exports to Singapore, Malaysia, and Vietnam amounted to 13.531 billion yuan, 8.459 billion yuan, and 7.0509 billion yuan, respectively, accounting for 67.16% of China's total imports and exports to ASEAN countries during the same period.

From January to December 2024, China's total import and export trade with ASEAN countries increased by an average of 2.42%; The average export value increased by 2.84%; The average import value increased by 1.67%.

5. Key countries or regions for trade
From January to December 2024, China's main trading partners for medical devices are the United States, Germany, Japan, Mexico, and the Netherlands, with a total import and export trade volume of 266.906 billion yuan, accounting for 50.33% of China's global trade volume and a month on month increase of 6.85%. Among them, the total export trade was 118.143 billion yuan, accounting for 41.44% of China's total export value, an increase of 15.34% compared to the previous period. The total import trade volume was 148.763 billion yuan, accounting for 60.67% of China's total imports, with a month on month increase of 0.95%.

Analysis of Provincial and Municipal Foreign Trade
1. Overall trend
From the analysis of import and export trade volume in various provinces, in 2024, the import and export of medical devices in China will mainly be concentrated in Shanghai, Guangdong Province, and Jiangsu Province, with respective amounts of 162.258 billion yuan, 97.409 billion yuan, and 65.428 billion yuan, accounting for 61.30% of China's total import and export trade volume, with a month on month increase of 11.65%. Among them, in terms of exports, Guangdong Province, Jiangsu Province, and Zhejiang Province consistently rank among the top three in terms of total exports. Guangdong Province has the highest month on month growth in exports in 2024, with a month on month increase of 18.03%; In terms of imports, Shanghai, Beijing, and Guangdong Province rank among the top three. Shanghai has the highest month on month increase in import value in 2024, with a month on month increase of 8.01%.

2. Beijing Tianjin Hebei
According to the analysis of import and export trade volume in the Beijing Tianjin Hebei region, the total import and export trade volume of medical devices from January to December 2024 was 74.47 billion yuan, accounting for 14.04% of China's total import and export trade volume.

3. Yangtze River Delta
According to the analysis of import and export trade volume in the Yangtze River Delta region, the total import and export trade volume of medical devices from January to December 2024 was 285.038 billion yuan, accounting for 53.75% of China's total import and export trade volume.

Source: https://news.yaozh.com/archive/44936.html