According to the data from the Peterson Institute for International Economics, China has increased its total exports of personal protective equipment (PPE) by nearly three times.
In 2019, China’s total PPE exports reached US$ 22.9 billion, and in 2020 they will reach US$88.1 billion.
The total amount of China’s exports of PPE to the EU increased from US$3.9 billion in 2019 to US$ 23.4 billion in 2020. As for Russia, according to data from the Russian Customs Service, the total imports of medical PPE and disinfection products from China has increased from US$570 million in 2019 to US$2.01 billion in 2020.
The total amount of China’s exports of PPE to the U.S. has increased from US$7.1 billion to US$24.6 billion.
It is reported that China’s substantial increase in the production of PPE didn’t stop the price of this product from rising in 2020. Among its products, the price of a mask in April 2020 increased by 720.8 percent compared to December 2019.
Source: Sputnik, August 6, 2021