Page 8 - ie2 August 2019

SPOTLIGHT

Figure3: Export trend of top 10 medical devices exporters globally vis-à-vis India, 2014-18

8.5%
6.8% 6.6%

5.1%
4.1%
3.7%
2.5% 2.6%
1.4%
-0.2%
USA Germany Netherlands China Ireland Switzerland Belgium Japan Singapore France India

-2.9%
Source: ITC Trade Map
Figure4: Import trend of the top 10 medical devices importers globally vis-à-vis India, 2014-18
9.0
8.3%

6.9% 6.2%

2.1%
2.4% 1.3%
0.1% 0.8%
-0.2%
USA China Germany Netherlands Japan France Belgium UK Italy Canada India

-1.3%
Source: ITC Trade Map
Figure6: Trade trends for Indian medical devices sector ($ million) cent of the total global exports.
Barring Ireland, all the top five ex-
64.94 62.04 Export Import Trade balance porters also feature in the list of top five
45.53 global importers of medical devices and
constitute around 46.6 percent of the to-
27.09 28.29 29.12 tal global imports. India is at 17th place
18.44 21.01 18.77 15.68 12.70 among the global importers and contrib-

2.9 7.28 2.98 1.53 5.21 utes around 1.6 percent of the total global
imports.
It needs to be pointed out that all the
USA Germany Netherlands China Ireland India top five exporters except China enjoy a
64.94 -3.68 positive trade balance in the medical de-
Source: ITC Trade Map vices sector.

8 l INDIAN ENGINEERING EXPORTS l AUGUST 2019