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2022
Exports $14.9MWorld Rnk 75 / 224
Flag Rnk 202 / 1142
2022
Destination $2.26M United States
2021 - 2022
FASTEST GROWING MARKET $2.26MGermany
2022
PRODUCT COMPLEXITY IN Medical Instruments0.76Rnk 260 / 1025
2022
Imports $531MWorld Rnk 42 / 225
Flag Rnk 26 / 1203
2022
Origin $22.2M United States
2021 - 2022
FASTEST GROWING ORIGIN $22.2MUnited States
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $14.9M in Medical Instruments, making it the 75th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 202nd most exported product in Chile. The main destination of Medical Instruments exports from Chile are: United States ($4.95M), Germany ($2.89M), Argentina ($1.36M), Bolivia ($671k), and Chile ($544k).

The fastest growing export markets for Medical Instruments of Chile between 2021 and 2022 were Germany ($2.26M), Argentina ($1.07M), and Chile ($544k).

Imports In 2022, Chile imported $531M in Medical Instruments, becoming the 42nd largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 26th most imported product in Chile. Chile imports Medical Instruments primarily from: United States ($184M), China ($94.4M), Germany ($65.7M), Mexico ($18.8M), and Japan ($17.9M).

The fastest growing import markets in Medical Instruments for Chile between 2021 and 2022 were United States ($22.2M), Netherlands ($4.41M), and Germany ($4.19M).

Latest Trends

September 2024

About

Overview In September 2024 Chile's Medical Instruments exports accounted up to $895k and imports accounted up to $372M, resulting in a negative trade balance of $372M. Between September 2023 and September 2024 the exports of Chile's   Medical Instruments have decreased by $-523k (-36.9%) from $1.42M to $895k, while imports increased by $161M (76.1%) from $211M to $372M.

Destinations In September 2024, Medical Instruments were exported mostly to United States ($320k), Germany ($251k), Georgia ($90.4k), Bolivia ($75.4k), and China ($46.7k), and were imported mostly from United States ($105M), Switzerland ($72.6M), Ireland ($68M), Puerto Rico ($47.2M), and Germany ($22.1M).

Growth In September 2024, the decrease in Medical Instruments's year-by-year exports was explained primarily by a decrease in exports to Germany ($-97.1k or -44.6%), Bolivia ($-12.7k or -13.4%), and Switzerland ($-7.47k or -18%). In September 2024, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Puerto Rico ($60.6M or 21k%), Switzerland ($19.4M or 112%), and Germany ($9.55M or 93.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-523k(-36.9%)
IMPORT GROWTH (September 2023 - September 2024)$161M(76.1%)
MAIN EXPORTER (September 2024)Las Condes$1.11M
MAIN DESTINATION (September 2024)United States$320k

This section shows Medical Instruments's exports and imports data at subnational level for Chile. 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)$14.9M
IMPORTS (2022)$531M
NET TRADE (2022)-$516M

In 2022, Chile exported $14.9M in Medical Instruments. The main destinations of Chile exports on Medical Instruments were United States ($4.95M), Germany ($2.89M), Argentina ($1.36M), Bolivia ($671k), and Chile ($544k).

In 2022, Chile imported $531M in Medical Instruments, mainly from United States ($184M), China ($94.4M), Germany ($65.7M), Mexico ($18.8M), and Japan ($17.9M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Germany$2.26M (356%)
Argentina$1.07M (366%)
Chile$544k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Chile WERE (2021 - 2022):
Peru-$469k (-48.8%)
Paraguay-$265k (-84.8%)
Bolivia-$223k (-25%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Medical Instruments were:
United States $33.3B
Germany $17.6B
Mexico $14.1B
In 2022, Chile'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+ $6.29M
TOP IMPORT POTENTIALMexico+ $23.6M

Medical Instruments’s highest export potential is United States. With an export gap of $6.29M.   Medical Instruments’s highest import potential is Mexico with an import gap of $23.6M.

See methodology.

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