Trade data of medical products in 2020 From World Trade Organization

The following is the Trade data of medical products in 2020 From World Trade Organization recommended by recordtrend.com. And this article belongs to the classification: Life data, research report.

The WTO Secretariat yesterday released an update on dealing with trade in medical products in the context of covid-19. The update provides data on trade in medical products covering the whole year of 2020.

Following the revised statement issued on December 22 last year, the latest update released by the WTO Secretariat includes the trade statistics of medical products in 2020 from about 100 economies, as well as the comparison with the trade statistics in 2019.

The report also includes a special case study on diagnostic reagents and detection kits, which are key products for monitoring the epidemic situation of the virus and are important barometers for governments to determine policies to prevent and control the covid-19 pandemic.

Compared with the 4.7% growth of the same industry in 2019, the trade of medical products will continue to record an amazing growth of 16.3% in 2020.

In terms of trade volume, drugs are still the largest category, accounting for more than 50% of the total share of medical goods in 2019 and 2020. Personal protection products have the highest share growth, accounting for only 13.7% in 2019, but it will increase to 17.4% in 2020.

Key data:

In 2020, the total import and export of medical products will be 2343 billion US dollars. Compared with the previous year, it increased by 16%. In contrast, the value of world merchandise trade shrank by 7.6% in 2020.

In March 2020, when covid-19 becomes a global pandemic, trade in detection kits and diagnostic reagents will increase dramatically. In December 2020, the monthly growth rate of exports and imports will reach 90% and 126% respectively. Singapore and Lithuania are among the top 10 exporters of such products.

The share of medical products in world trade will increase from 5.3% in 2019 to 6.6% in 2020.

Global trade in goods critical to the pandemic, such as masks, ventilators, sterilizers and ultrasound scanners, will grow by 31% in 2020.

China will become the largest exporter of key medical products of cowid-19 in 2020. The total value of China’s exports in the whole year is 105 billion US dollars, about 2.8 times of that in 2019. Malaysia ranks among the top ten exporters in 2020, with a year-on-year growth of 52%.

The world’s top ten exporters account for about three-quarters of the world trade in key products of cowid-19, while the top ten Importers account for 62% of the world’s imports.

In the COVID-19 with the highest incidence rate, diagnostic reagents and detection kits accounted for 10% of the import cost per capita of COVID-19 key products.

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.