Medical Instruments in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $12B in Medical Instruments, making it the 4th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 64th most exported product in China. The main destination of Medical Instruments exports from China are: United States ($2.52B), Japan ($726M), Germany ($692M), Hong Kong ($502M), and India ($442M).

The fastest growing export markets for Medical Instruments of China between 2021 and 2022 were United States ($167M), Russia ($106M), and United Kingdom ($58.2M).

Imports In 2022, China imported $10.1B in Medical Instruments, becoming the 4th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 28th most imported product in China. China imports Medical Instruments primarily from: United States ($3.72B), Germany ($1.49B), Japan ($1.08B), Netherlands ($601M), and Mexico ($357M).

The fastest growing import markets in Medical Instruments for China between 2021 and 2022 were Finland ($71.3M), Ireland ($68.5M), and Mexico ($28M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (5.03k), CNH INDUSTRIAL AMERICA LLC (1.38k), and ROBERT BOSCH LLC (714) were at the forefront of shipping Medical Instruments from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Medical Instruments exports accounted up to $697M and imports accounted up to $784M, resulting in a negative trade balance of $86.6M. Between February 2023 and February 2024 the exports of China's Medical Instruments have increased by $32.2M (4.85%) from $665M to $697M, while imports decreased by $-85.2M (-9.81%) from $869M to $784M.

Destinations In February 2024, Medical Instruments were exported mostly to United States ($151M), Japan ($53.6M), Germany ($36.5M), Russia ($31M), and India ($30.6M), and were imported mostly from United States ($205M), Mexico ($160M), Japan ($98.4M), Germany ($70.3M), and Costa Rica ($47.9M).

Growth In February 2024, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Netherlands ($6.6M or 30%), Brazil ($2.69M or 8.64%), and Philippines ($2.49M or 40.2%). In February 2024, the decrease in Medical Instruments's year-by-year imports was explained primarily by a decrease in imports from Germany ($-20.6M or -15.2%), United States ($-16.2M or -7.62%), and Japan ($-14.1M or -13.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$32.2M(4.85%)

IMPORT GROWTH (February 2023 - February 2024)$-85.2M(-9.81%)

MAIN EXPORTER (February 2024)Guangdong Province$295M

MAIN DESTINATION (February 2024)United States$151M

This section shows Medical Instruments's exports and imports data at subnational level for China. 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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