Medical Instruments in Canada 2020 Exports | Imports : $1.03B | $2.9B, World Rnk 22 / 216 Rnk 64 / 1208 | World Rnk 11 / 225 Rnk 17 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.74M | $45.8M, Brazil | United Kingdom
2020 ECONOMIC COMPLEXITY of Canada: 0.93, Rnk 29 / 127
2020 PRODUCT COMPLEXITY IN Medical Instruments: 0.74, Rnk 268 / 1029
Exports In 2020, Canada exported $1.03B in Medical Instruments, making it the 22nd largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 64th most exported product in Canada. The main destination of Medical Instruments exports from Canada are: United States ($687M), Netherlands ($106M), Japan ($56M), China ($38.1M), and Germany ($28M).
The fastest growing export markets for Medical Instruments of Canada between 2019 and 2020 were Brazil ($1.74M), Austria ($894k), and Uzbekistan ($740k).
Imports In 2020, Canada imported $2.9B in Medical Instruments, becoming the 11th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 17th most imported product in Canada. Canada imports Medical Instruments primarily from: United States ($1.7B), Mexico ($210M), Germany ($166M), Ireland ($133M), and China ($89.6M).
The fastest growing import markets in Medical Instruments for Canada between 2019 and 2020 were United Kingdom ($45.8M), Ireland ($29.5M), and Finland ($20.1M).
November 2022
Overview In November 2022 Canada's Medical Instruments exports accounted up to C$123M and imports accounted up to C$379M, resulting in a negative trade balance of C$256M. Between November 2021 and November 2022 the exports of Canada's Medical Instruments have decreased by C$-18.2M (-12.9%) from C$141M to C$123M, while imports increased by C$32.4M (9.35%) from C$346M to C$379M.
Destinations In November 2022, Medical Instruments were exported mostly to United States (C$98.5M), Costa Rica (C$4.84M), Japan (C$2.43M), Germany (C$2.29M), and Netherlands (C$1.61M), and were imported mostly from United States (C$173M), Mexico (C$38.8M), Germany (C$30M), China (C$18.6M), and Japan (C$18.2M).
Growth In November 2022, the decrease in Medical Instruments's year-by-year exports was explained primarily by a decrease in exports to Netherlands (C$-4.96M or -30.2%), Japan (C$-2.43M or -28.5%), and Australia (C$-692k or -72.9%). In November 2022, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Israel (C$5.29M or 82.1%), United States (C$4.47M or 3.17%), and Netherlands (C$2.28M or 462%).
EXPORT GROWTH (November 2021 - November 2022): C$-18.2M, (-12.9%)
IMPORT GROWTH (November 2021 - November 2022): C$32.4M, (9.35%)
MAIN EXPORTER (November 2022): Quebec, C$58M
MAIN DESTINATION (November 2022): United States, C$98.5M
This section shows Medical Instruments's exports and imports data at subnational level for Canada. 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.
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EXPORTS (2020): $1.03B
IMPORTS (2020): $2.9B
NET TRADE (2020): -$1.87B
In 2020, Canada exported $1.03B in Medical Instruments. The main destinations of Canada exports on Medical Instruments were United States ($687M), Netherlands ($106M), Japan ($56M), China ($38.1M), and Germany ($28M).
In 2020, Canada imported $2.9B in Medical Instruments, mainly from United States ($1.7B), Mexico ($210M), Germany ($166M), Ireland ($133M), and China ($89.6M).
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Canada WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Canada WERE (2019 - 2020):
In 2020, Canada's main exporting competitors in Medical Instruments were:
In 2020, Canada's main importing competitors in Medical Instruments were:
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