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2022
Exports $1.38BWorld Rnk 20 / 224
Flag Rnk 67 / 1210
2022
Destination $194M United States
2021 - 2022
FASTEST GROWING MARKET $194MUnited States
2022
PRODUCT COMPLEXITY IN Medical Instruments0.76Rnk 260 / 1025
2022
Imports $3.81BWorld Rnk 10 / 225
Flag Rnk 21 / 1213
2022
Origin $164M United States
2021 - 2022
FASTEST GROWING ORIGIN $164MMexico
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.38B in Medical Instruments, making it the 20th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 67th most exported product in Canada. The main destination of Medical Instruments exports from Canada are: United States ($1.08B), Germany ($46M), Japan ($34.3M), Canada ($30.3M), and China ($17.7M).

The fastest growing export markets for Medical Instruments of Canada between 2021 and 2022 were United States ($194M), Costa Rica ($10.1M), and Germany ($9.01M).

Imports In 2022, Canada imported $3.81B in Medical Instruments, becoming the 10th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 21st most imported product in Canada. Canada imports Medical Instruments primarily from: United States ($2.25B), Mexico ($403M), Germany ($212M), China ($175M), and Japan ($107M).

The fastest growing import markets in Medical Instruments for Canada between 2021 and 2022 were Mexico ($164M), United States ($125M), and China ($55.7M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Medical Instruments exports accounted up to C$116M and imports accounted up to C$460M, resulting in a negative trade balance of C$344M. Between August 2023 and August 2024 the exports of Canada's   Medical Instruments have increased by C$4.11M (3.67%) from C$112M to C$116M, while imports increased by C$27.8M (6.42%) from C$432M to C$460M.

Destinations In August 2024, Medical Instruments were exported mostly to United States (C$93.7M), Netherlands (C$6.13M), Germany (C$2.98M), Costa Rica (C$2.44M), and Japan (C$997k), and were imported mostly from United States (C$215M), Mexico (C$60.3M), Germany (C$23.6M), Costa Rica (C$20.9M), and Japan (C$19.9M).

Growth In August 2024, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Costa Rica (C$4.36M or 787%), Belgium (C$917k or 6.06k%), and Switzerland (C$512k or 562%). In August 2024, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from United States (C$37.8M or 25.4%), Mexico (C$12.2M or 31.4%), and Germany (C$8.77M or 43.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$4.11M(3.67%)
IMPORT GROWTH (August 2023 - August 2024)C$27.8M(6.42%)
MAIN EXPORTER (August 2024)OntarioC$64.8M
MAIN DESTINATION (August 2024)United StatesC$93.7M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.38B
IMPORTS (2022)$3.81B
NET TRADE (2022)-$2.43B

In 2022, Canada exported $1.38B in Medical Instruments. The main destinations of Canada exports on Medical Instruments were United States ($1.08B), Germany ($46M), Japan ($34.3M), Canada ($30.3M), and China ($17.7M).

In 2022, Canada imported $3.81B in Medical Instruments, mainly from United States ($2.25B), Mexico ($403M), Germany ($212M), China ($175M), and Japan ($107M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$194M (22%)
Costa Rica$10.1M (184%)
Germany$9.01M (24.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Canada WERE (2021 - 2022):
Netherlands-$96M (-85.5%)
China-$43.4M (-71.1%)
Japan-$17.9M (-34.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Medical Instruments were:
United States $33.3B
Germany $17.6B
Mexico $14.1B
In 2022, Canada's main importing competitors in Medical Instruments were:
United States $34.7B
Netherlands $12.9B
Germany $11.4B

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $496M
TOP IMPORT POTENTIALUnited States+ $534M

Medical Instruments’s highest export potential is United States. With an export gap of $496M.   Medical Instruments’s highest import potential is United States with an import gap of $534M.

See methodology.

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