In the first half of 2010, the import and export of health products in China was warm

Business News Agency August 7th As China's economy has generally maintained a trend of recovery, in the first half of 2010, China’s health product import and export totaled 160 million U.S. dollars, an increase of 24% year-on-year. Among them, the export value of 76.51 million US dollars, an increase of 42%; import value of 83.69 million US dollars, an increase of 11%

In the first half of 2010, the total import and export of health products in China was US$160 million, an increase of 24% year-on-year.

China's trade in health products had a deficit of 7.78 million U.S. dollars for the first time since 2007, and the deficit was up by 171% in 2008, and the deficit growth slowed to 10% in 2009. In the first half of 2010, the trade deficit in health products continued to shrink substantially.

In the first half of 2010, China’s imports of health products have increased steadily. China’s imported health products are mainly “fish oil, fat and its products other than cod liver oil”, “unlisted seaweed and other algae,” “lecithin and other phosphoroamino groups. Fat" and "bird's nest." In the first half of 2010, the number and price of imported bird's nest in China have increased substantially. Malaysia and Indonesian bird's nests account for about 90% of the global bird's nest production, of which, Malaysia's bird's nest accounts for 91% of China's bird's nest imports. Affected by domestic demand, in the first half of 2010, the number of bird's nests imported from Malaysia increased by 65% ​​year-on-year, and import prices also rose by 64% year-on-year.

Emerging economies drive export growth

In the first half of 2010, China exported health products to 88 countries and regions, of which, countries with larger increases in exports were Canada, Thailand, the United States, Vietnam, and Indonesia; countries with large export declines were the United Kingdom, Spain, and Brazil. The main export areas of health products in China are still Japan and the United States. The health products imported from China by these two countries account for about 51% of China's health products exports. While the economic recovery of emerging economies was strong and domestic demand was becoming increasingly vigorous, in the first half of 2010, China’s exports of health products to ASEAN, Africa, and Latin America all increased by more than 60%.

It is worth noting that Japan’s external export surplus increased in the first half of the year, and the company’s production and equipment investment also gradually expanded, the economy continued to show a recovery trend, and personal consumption also improved. In the first half of the year, China’s exports of Japanese health products were US$15.21 million, up 9% year-on-year, but lower than the average increase of 41% in the total exports of health products, mainly due to the current uncertain employment situation in Japan.

The US economy recovered rapidly in the six months, and the growth rate of GDP rose from a negative value to 2.7%. The unemployment rate as a lagged variable slowly declined after the beginning of the year. With the improvement of the U.S. economy, China’s exports of U.S. health care products in the first half of the year amounted to US$23.86 million, a year-on-year increase of 75%. Among them, “exports of fish oils, fats and their separate products other than cod liver oil”, “inositol”, “fresh royal jelly powder” and “Chinese traditional Chinese medicine wine” have shown significant increases in exports.

Due to the debt crisis and fiscal consolidation measures in some EU countries, the EU economy has shrunk overall and consumer spending has slumped. In the first half of the year, China’s exports of health care products to the EU-15 countries totaled 7.72 million U.S. dollars, down 1.6% year-on-year.

International demand raises fish oil exports

Affected by the strong demand in the international fish oil market, in the first half of 2010, China's fish oil exports reached 3,67 thousand tons, an increase of 127% year-on-year, and the vast majority of them were processed health grade fish oil products. The average export price was about US$6,000/ton. The demand for major fish oil importing countries, such as the United States and Canada, has increased significantly. It is expected that this trend of production and sales will continue in the coming period.

In the first half of the year, the export volume of fresh royal jelly rose by 25% year-on-year, and the export price decreased year-on-year. The export value was US$6.4 million, an increase of 10% year-on-year. The main export market of fresh royal jelly is Japan, which accounted for 61% of China's fresh royal jelly. In the first half of the year, the export volume and price of fresh royal jelly in Japan were basically stable. China's other important export market for fresh royal jelly Although the EU's demand has increased, the export price has dropped by 20% year-on-year, basically offsetting the increase in export volume.

The freeze-dried powder of royal jelly freeze-dried from Japan showed a trend of falling prices, mainly due to Japan's stricter testing of royal jelly freeze-dried powder in China, resulting in a decrease in qualified raw materials. In the first half of the year, the average unit price of royal jelly freeze-dried powder against Japan increased by 5% year-on-year to reach US$70/kg.

Funds and private enterprises are still the main exporters

In the first half of 2010, exports of health products in China are still dominated by fish oil, seaweed, inositol, lecithin, and royal jelly products. The major export provinces and cities are Zhejiang, Guangdong, Shandong, and Jiangsu. Among them, exports such as Shandong and Guangdong grew rapidly, and health care products exports in Hubei and Qinghai experienced a significant decrease. Foreign-funded enterprises and private enterprises are still the main force for the export of health products, and they account for 89% of China's exports of health products.