Pharma & Medical equipment - Monthly Trend
Source - Dubai Custom
Sector Overview - Pharma & Medical equipment
The global Pharma & Medical equipment trade (export + import) has raised to USD 3381.58 billion in 2020 increase of 0.48% compared to 2019 which was USD 3365.32 billion. The Pharma & Medical equipment trade represented 9.71% of total global trade.
Dubai Pharma & Medical equipment trade (export + import) has decreased to USD 8.39 billion in 2020, decrease of 6.36% compared to USD 8.96 billion in 2019. Dubai Pharma & Medical equipment trade represented 0.25% of the total global Pharma & Medical equipment trade.
Dubai Pharma & Medical equipment exports were AED 1.82 billion in 2020 which accounts for 1.09% of Dubai export.
The top exported products were: Ethers; acyclic, and their halogenated, sulphonated, nitrated or nitrosated derivatives, other than diethyl ether (HS Code: 290919) Medicaments; consisting of mixed or unmixed products (HS Code: 300490) and Medicaments; containing antibiotics (other than penicillins, streptomycins (HS Code: 300420).
The top export destinations were: Malta, Egypt, Lebanon, Iraq and Oman. (Excluding free zones).
Dubai Pharma & Medical equipment imports were AED 28.95 billion in 2020 which accounted for 4.22% of the total Dubai imports.
The top import products were: Medicaments; consisting of mixed or unmixed products (HS Code: 300490), Blood, human or animal, antisera, other blood fractions and immunological products (HS Code: 300215) and Medical, surgical or dental instruments and appliances; n.e.c. in heading no. 9018 (HS Code: 901890).
The top import origins were: USA, Germany, China, France and India.
Dubai Pharma & Medical equipment re-exports were AED 10.89 billion in 2020 which accounted for 3.31% of the total Dubai re-export.
The top re-export products: Medicaments; consisting of mixed or unmixed products n.e.c. in heading no. 3004, (HS Code: 300490), Instruments, apparatus and models; designed for demonstrational purposes (in education or exhibitions) (HS Code: 902300) and Optical instruments and appliances; for measuring or checking, n.e.c. in chapter 90 (HS Code: 903149).
The top re-export destinations were: Saudi Arabia, Kuwait, Iraq, Iran and Oman.
The Pharma & Medical equipment sector contains Sections No. (29-30-90).
Source - Dubai Custom
Sector Competitive Landscape
Source - Dubai Custom - UN Comtrade
Note : Forecast from 2020 based on historical values. It’s taking into account the latest available global trade development forecasts published by United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO), which expect the value of global trade to finish the year 2020 at about 9% below the level of 2020 due to the economic impact of the COVID-19 pandemic. Furthermore, they predict merchandise trade to grow at a rate of around 7% in 2021. From 2022 on, the global average growth rate is forecasted to be at around 3-4%.
Source: Dubai Customs - KCORP