Import and export of medical products in China

Import and export of China

Main article: Import and export of China

2020: Export of medical masks and respiratory agents from China reached $53.8 billion

By the end of 2020, the export of medical masks and respiratory agents from China reached $53.8 billion against $5.4 billion. This is evidenced by the data of analysts of the Peterson Institute for World Economy (PIIE).

Deliveries of protective shields put on their heads abroad increased from $13.3 billion to $16.8 billion. Exports of protective clothing grew from $9.9 billion to $10.8 billion, and gloves - by $1 billion, to $3.9 billion. Exports of medical protective glasses from the Middle Kingdom grew from $1.4 billion to $1.9 billion, shoe - from $0.9 billion to $1 billion.

If in 2019 China he exported $22.9 billion worth of personal protective equipment (PPE), then in 2020, which accounted for the beginning of the coronavirus pandemic, COVID-19 the figure reached $88.1 billion.

By the end of 2020, the export of medical masks and respiratory agents from China grew to $53.8 billion

China's income growth is caused by a sharp increase in demand due to the pandemic, even against the backdrop of increased production. In April 2020, the export price of one medical mask increased by 720.8% compared to December 2019. Another factor that contributed to rising prices for Chinese products is the restriction of exports in order to meet the needs of the domestic market. Protective suits for the same period rose by 536.2%.

According to the report, despite a sharp increase in supplies, masks from China were not enough to meet global demand, which grew at an "explosive rate." At the same time, the US authorities imposed duties on the import of SIZs from China. As a result, this did not allow them to provide themselves with goods to combat the spread of coronavirus.

According to the Peterson Institute for World Economy, the largest importers of Chinese PPE in 2020 were the United States and the European Union, which purchased $24.6 billion and $23.4 billion worth of protection, respectively. The indicator of Russia was $2 billion against $0.57 billion in 2019.^[1]

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