HS Code:
The Clinical category, often associated with medical and clinical equipment under HS Code Chapter 90 (e.g., diagnostic or therapeutic apparatus), encompasses a wide range of products used in healthcare settings. This includes items such as medical imaging machines (X-ray, MRI), surgical instruments, and diagnostic test kits. These products are critical for healthcare delivery and are subject to stringent regulatory standards globally. The trade in clinical products is driven by technological advancements, aging populations, and increasing demand for healthcare services, especially in developing regions.
Total Trade Volume
USD 250 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
USD 60 billion
24% of total trade of total trade
Increasing
USD 40 billion
16% of total trade of total trade
Stable
USD 30 billion
12% of total trade of total trade
Increasing
USD 20 billion
8% of total trade of total trade
Stable
USD 15 billion
6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
15% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US trade pacts)
Rising demand for telemedicine equipment
Increased trade in remote diagnostic tools and wearable clinical devices due to the shift towards virtual healthcare.
2021-2023
Growth in personalized medicine
Higher exports of genetic testing kits and precision medical devices, especially to developed markets.
2020-2022
Supply chain diversification post-COVID-19
Countries are sourcing clinical products from multiple regions to avoid disruptions, boosting trade in Asia-Pacific.
2021-2023
The EU introduced stricter regulations for clinical and medical devices, requiring manufacturers to comply with enhanced safety and performance standards.
May 2021
Increased compliance costs for exporters to the EU, potentially slowing trade but improving product quality.
Phase One trade deal between the US and China reduced tariffs on certain clinical products to facilitate access during health crises.
January 2020
Boosted bilateral trade in clinical products, particularly diagnostic equipment and PPE.
Post-COVID-19 recovery efforts led to a massive increase in trade for clinical diagnostic kits and vaccination equipment.
2021-2022
Significant growth in trade volume, with countries like India and China emerging as key suppliers.