US-Japan Trade Agreement Boosts Medical Device Exports Including Electro-Surgical Instruments
A recent bilateral trade agreement between the US and Japan has reduced tariffs on medical devices, including electro-surgical instruments (HS Code: 9018.90). This is expected to increase US exports to Japan, a key market for advanced medical technology.
2023-09-15
Impact: Positive impact on US exporters due to reduced tariffs, potentially increasing market share in Japan for electro-surgical instruments and related accessories.
Japan Increases Demand for US-Made Electro-Surgical Appliances
Japan's aging population and advanced healthcare system have driven a surge in demand for US-manufactured electro-surgical instruments. Trade data shows a 12% increase in imports from the US in the first half of 2023.
2023-08-20
Impact: Rising demand in Japan is likely to boost US exports of electro-surgical appliances, strengthening trade ties and benefiting US manufacturers.
Supply Chain Disruptions Affect US-Japan Trade of Medical Instruments
Global supply chain issues have temporarily slowed the export of electro-surgical instruments and parts from the US to Japan. Delays in shipping and component shortages have impacted delivery timelines.
2023-07-10
Impact: Negative short-term impact on trade volume due to delays, though long-term demand remains strong; US exporters may face increased costs.
