Five years: Chinese medical device exports increase will climb the peak (1)

China and ASEAN countries the two sides resource endowment with advantages, there are features of the industrial structure, complementary, and there is great potential for cooperation.

In recent years, China and ASEAN growth of two-way investment increasing rapidly. At the ASEAN foreign trade, China ranked fourth place; in China's foreign trade, is the fifth ASEAN Office. At present, China's economic and trade relations with ASEAN has entered a golden period, China-ASEAN free trade area entered a substantive stage of operation. China and ASEAN countries are opening up the market, medical devices market also presents a great opportunity. The overall trend:

Growth sustained is not up to the peak

In 2009, China medical device exports amounted to $ 122.4 million, imports amounted to $ 61.0 million.

Which, on the ASEAN countries, exports 8.0 billion, accounting for total 6.5%; ASEAN countries imports 2.0 billion, accounting for 3.3% of total imports. Although China medical device on the ASEAN countries of export and import and export market in China accounted for only a small percentage, but export growth is impressive — nearly 10 years, China medical device exports to ASEAN annual average increase of up to 28.1%, higher than the average annual increase in China medical device exports (25.11%) over the same period last year. Imports of 13.1% annually.

2000-2009, the overall trend for 10 years has shown that after five years of growth rate is greater than the previous five-year growth rate and growth has not yet reached the peak, the growth rate still remains, the market in the next few years and still have room to grow.

However, this trend will also be affected by the ASEAN market overall capacity, economic growth, the improvement of living standards, the country's growth differences, as well as the needs of different medical devices, and many other factors and challenges.

Main national trends: Viet Nam growth highlight saturation Singapore

Analysis of China on the ASEAN countries of export development trend is further broken out of the overall trend, which you can find out the characteristics of different countries of import, seize growth requirements, etc.

ASEAN free trade area in a total of 10 States, table 2 are five countries occupy an absolute proportion.

From the data in the table show the following characteristics: 1. the main countries of ASEAN and China medical devices exported to maintain high growth, Viet Nam, Malaysia, Thailand's growth rate, average annual growth respectively 153.6%, 33.5 32.3 percent. Especially in Viet Nam. In the financial crisis in 2009, China medical device exports to Viet Nam increased 259.9%, the country became China's exports to the ASEAN countries. 2. from the absolute value of the export base in Singapore, have been accounted for on the ASEAN countries, exports in the first place, and exports are relatively stable, market saturation.