New trend of internationalization of Chinese medicine: the United States in the first three quarters jumped to the first market for export of Chinese medicine

In the first three quarters of 2017, the import and export volume of Chinese traditional medicine was 3.71 billion U.S. dollars, up by 7.40% over the same period of 2006. Of this total, the exports were 2.6 billion U.S. dollars, down 0.27% year-on-year; the import was 1.116 billion U.S. dollars, up 30.81% over the same period.

Chinese medicine import and export emerging markets emerge

Commodity exports stable

In the first three quarters of 2017, the export of Chinese Herbal Medicine Pieces was quite eye-catching, with an increase of 49.68% over the same period of the previous year, but the increase in export value was not significant. Export performance has been very good. The exports in the first three quarters decreased slightly year-on-year, Big.

The traditional market is mixed

In the first three quarters of 2017, Chinese medicines were exported to 118 countries and regions, of which the Asian region is both a traditional market and a major market for traditional Chinese medicine exports, and exports of Chinese medicines to Asian countries and regions amounted to US $ 1.5 billion in the first three quarters of 2017, A slight decrease of 0.06% from the same period of previous year, accounting for 57.73% of the total, mainly to the United States, Japan, Hong Kong, China, ASEAN and South Korea.

United States: In the past, Japan was the largest market for Chinese herbal medicine exports. The United States has been only the second or third largest market for Chinese herbal medicine exports and maintained a relatively high growth in the past two years. However, in the first three quarters of 2017, the U.S. market China's exports to the United States in the first quarter of 2017 amounted to 425 million US dollars, accounting for 16.36% of China's exports of Chinese medicine, of which raw materials of Chinese herbal medicines and health products exports to the United States the same period last year Larger increase.

Japan: China's exports to the Japanese market in the first three quarters increased by 36.40% year-on-year with an export volume of 370 million U.S. dollars, up slightly by 3.35% year-on-year. China's exports to Japan are mainly extracts and Chinese herbal medicines, Export of extracts in terms of both the quantity and the amount of exports have a year-on-year growth.

Hong Kong, China: Hong Kong continues to be the third largest market for mainland Chinese medicine exports. Its exports in the first three quarters were 340 million U.S. dollars, down by 15.30% on a year-on-year basis. The role of Hong Kong as a transit point for export trade is still on the decline.

Korea: In the first three quarters of 2017, China's export of traditional Chinese medicine to South Korea was 150 million U.S. dollars, down 13.47% from the same period of last year, accounting for 5.85% of China's total exports of Chinese medicine. China's exports to South Korea are mainly extracts and Chinese herbal medicines. In the first three quarters, Exports of Korean herbs and Pieces were 73,394,500 US dollars, a year-on-year decrease of 20.63%.

Europe: China exported 444 million U.S. dollars of Chinese traditional medicine to Europe in the first three months of 2017, down slightly by 1.66% year-on-year and accounting for 17.10% of China's total exports of Chinese medicine. China's exports to Europe are mainly extracts, accounting for 71.99% of China's exports of Chinese medicine %. China's exports of Chinese medicines in several major markets in Europe were Germany, Spain and France.

If this article infringes your rights, please contact us.