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Exporting Basics |
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| CHAPTER 1. EXPORT MARKET OVERVIEW – HS 9018 | |||||
| HS 9018: U.S Medical, Surgical, Dental and Veterinary Instruments and Appliances (Including Electro-Medical and Sight-Testing) & Parts | |||||
| HS 9018: U.S Medical, Surgical, Dental and Veterinary Instruments and Appliances (Including Electro-Medical and Sight-Testing) & Parts Export Growth: U.S exports of U.S. Medical, Surgical, Dental and Veterinary equipment rose from $8.1 billion in 1998 to $10 billion in 2002, an increase of 23% over the four-year period. Leading Foreign Markets: The leading markets for U.S. Medical, Surgical, Dental and Veterinary equipment in 2002 (all valued above $480 million) were: Japan (15% of total); Germany (11%); Netherlands (10%); Canada (8%); Mexico (7%); United Kingdom (5%) and France (5%). Other major markets (above $205 million) were: Belgium (3%); Australia (3%); Italy (3%); Ireland (2%); China (2%) and Korea (2%). Fastest Growing Markets: Of the major, large-volume markets, those-showing-the highest four-year growth rates for U.S. Medical, Surgical, Dental and Veterinary equipment (1998-2002) were: Korea (148%); China (133%); Mexico (85%); Ireland (55%); Italy (37%); Germany (36%); Netherlands (36%); Canada (24%); United Kingdom (20%); Australia (19%); Belgium (17%) and Japan (12%). Other (smaller-volume) high-growth markets over the four-year period were: Denmark (40%); Greece (19%); Israel (18%); India (16%); and Korea (12%). Declining Markets: Of the major, large volume markets, France was the only country that showed the lowest four-year growth rate for U.S Medical, Surgical, Dental and Veterinary equipment (1998-2002): (-14%). U.S. Market Share: The U.S. held a 33% share of the world market for Medical Equipment, in 2001 (based on the latest available United Nations data). This compared with a 29% share in 1997, for a gain of 4 percentage points during the 1997-2001 period. Best Market Prospects: The markets listed below appear to be particularly promising for U.S. exports of Medical, Surgical, Dental and Veterinary equipment over the next two years. Specific U.S. export statistics on Medical Equipment are available from the CITD for all countries, including those listed below (Source: U.S. Census Bureau). The CITD also has access to relevant trade contacts, trade opportunities and market research on each country. Argentina Australia Austria Bahrain Botswana Brazil Bulgaria Cambodia Canada Chad Chile Colombia Croatia Cyprus Ecuador Egypt Eritrea Finland France Germany Greece Haiti Hong Kong Hungary India Indonesia Ireland Israel Italy Jordan Kazakhstan Kuwait Lebanon Malaysia Malta Mauritius Moldova Netherlands New Zealand Nigeria Norway Oman Peru Philippines Poland Portugal Romania Russia Saudi Arabia Singapore South Korea | |||||
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