4. Inventories

The Company’s inventories as of September 30, 2020 and December 31, 2019 consisted of the following (figures are in thousands of USD):


	September 30, 2020		December 31, 2019
Raw materials	$	23,008	$	21,464
Work in process		11,761		9,469
Finished goods		47,242		51,998
Total	$	82,011	$	82,931

The Company recorded $0.9 million and $0.9 million of inventory write-down to cost of products sold for the three months ended September 30, 2020 and 2019, respectively, and $2.3 million and $3.2 million for the nine months ended September 30, 2020 and 2019, respectively.