随着中医药高质量融入“一带一路”发展，中药材进出口迎来发展机遇

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The integration of traditional Chinese medicine into the "Belt and Road" initiative presents significant opportunities for the import and export of Chinese medicinal materials [1] - In the first five months of 2024, China's import volume of medicinal materials reached 76,519 tons, marking a year-on-year increase of 13.9% [1] - Conversely, the export volume of medicinal materials during the same period was 52,362 tons, reflecting a year-on-year decrease of 6.3% [5] Import Data Summary - In terms of import value, China imported medicinal materials worth 192,357 thousand USD from January to May 2024, which is a decrease of 6.9% year-on-year [3] - The import amount for May 2024 alone was 21,741 tons, with a year-on-year increase of 18.5% [1] - The majority (89%) of China's medicinal material imports come from Asia, with significant contributions from countries like Vietnam, India, and Iran [9][10] Export Data Summary - The export value of Chinese medicinal materials from January to May 2024 was 413,846 thousand USD, showing a slight increase of 0.1% year-on-year [8] - In May 2024, the export value was 75,008 thousand USD, which is a decrease of 5.0% compared to the same month last year [8] - Key markets for exports include Japan, which saw a 15.4% increase in export value, while exports to ASEAN countries decreased significantly [11][12] Country Analysis - The report highlights that the ASEAN region is a crucial trade partner for Chinese medicinal products, with a total trade volume of 2.08 billion USD in 2022, accounting for 24.4% of total trade [13] - Vietnam has emerged as a significant market, with imports from Vietnam increasing by 78% in 2023 [9][10] Provincial Export Analysis - Guangdong, Guangxi, and Tianjin are the top three provinces for medicinal material exports, collectively accounting for nearly 50% of the total exports [14] - Guangdong province alone contributed 28,362.1 thousand USD in export value, representing 21.5% of the total [15]