Medical Instruments in United Kingdom

EXPORTS (2018): $2.5B, World Rnk 12 / 199
Flag Rnk 25 / 1215

TOP DESTINATION (2018): $467M, United States

FASTEST GROWING IN MARKET (2017 - 2018): $94.6M, United States

IMPORTS (2018): $3.96B, World Rnk 8 / 220
Flag Rnk 21 / 1212

TOP ORIGIN (2018): $944M, Netherlands

FASTEST GROWING ORIGIN (2017 - 2018): $216M, Netherlands

ECONOMIC COMPLEXITY of United Kingdom (2018): 1.49, Rnk 13 / 137

PRODUCT COMPLEXITY  IN Medical Instruments (2018): 0.69, Rnk 284 / 1018

Exports: In 2018, United Kingdom exported $2.5B in Medical Instruments, making it the 12th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 25th most exported product in United Kingdom. The main destination of Medical Instruments exports from United Kingdom are: United States ($467M), Germany ($408M), Belgium-Luxembourg ($322M), Netherlands ($199M), and France ($170M).

The fastest growing export markets for Medical Instruments of United Kingdom between 2017 and 2018 were United States ($94.6M), Netherlands ($74.2M), and Germany ($57.7M).

Imports: In 2018, United Kingdom imported $3.96B in Medical Instruments, becoming the 8th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 21st most imported product in United Kingdom. United Kingdom imports Medical Instruments primarily from: Netherlands ($944M), Germany ($738M), Belgium-Luxembourg ($581M), United States ($538M), and France ($161M).

The fastest growing import markets in Medical Instruments for United Kingdom between 2017 and 2018 were Netherlands ($216M), Ireland ($32.4M), and Switzerland ($29.7M).

Overview: In May 2020 United Kingdom's Medical Instruments exports accounted up to £187M and imports accounted up to £278M, resulting in a negative trade balance of £90.4M. Between May 2019 and May 2020 the exports of United Kingdom's   Medical Instruments have increased by £11.6M (6.63%) from £176M to £187M, while imports increased by £13.1M (4.94%) from £265M to £278M.

Destinations: In May 2020 Medical Instruments exported mostly to United States (£38.1M), Germany (£27.5M), Belgium (£26.5M), Japan (£13.2M), and Canada (£12.7M), and imported mostly from Germany (£49.9M), Netherlands (£47.6M), China (£44.3M), United States (£40.3M), and Belgium (£23.1M).

Growth: In May 2020, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Canada (£11.4M or 848%), Japan (£5.36M or 68.2%), and Belgium (£3.33M or 14.4%). In May 2020, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from China (£30.5M or 220%), United States (£7.69M or 23.6%), and Hong Kong (£5.87M or 376%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (May 2019 - May 2020): £11.6M, (6.63%)

IMPORT GROWTH (May 2019 - May 2020): £13.1M, (4.94%)

MAIN EXPORTER (May 2020): London Heathrow Airport, £54.3M

MAIN DESTINATION (May 2020): United States, £38.1M

This section shows Medical Instruments's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Medical Instruments over time.

Value

EXPORTS (2018): $2.5B

IMPORTS (2018): $3.96B

NET TRADE (2018): -$1.46B

In 2018, United Kingdom exported $2.5B in Medical Instruments. The main destinations of United Kingdom exports on Medical Instruments were United States ($467M), Germany ($408M), Belgium-Luxembourg ($322M), Netherlands ($199M), and France ($170M).

In 2018, United Kingdom imported $3.96B in Medical Instruments, mainly from Netherlands ($944M), Germany ($738M), Belgium-Luxembourg ($581M), United States ($538M), and France ($161M).

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IN 2018, United Kingdom HAD A POSITIVE NET TRADE IN Medical Instruments WITH:

  • Australia, $43.8M ($53.8M - $9.91M)
  • Ireland, $42.4M ($129M - $86.1M)
  • Spain, $20.2M ($40.1M - $20M)

IN 2018, United Kingdom HAD A NEGATIVE NET TRADE IN Medical Instruments WITH:

  • Netherlands, -$745M ($199M - $944M)
  • Germany, -$330M ($408M - $738M)
  • Belgium-Luxembourg, -$259M ($322M - $581M)
Flow

THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR United Kingdom WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY United Kingdom WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, United Kingdom's main exporting competitors in Medical Instruments were:

In 2018, United Kingdom's main importing competitors in Medical Instruments were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Medical Instruments in United Kingdom. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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