2022
Exports
$1.24BWorld Rnk 24 / 224
Flag Rnk 10 / 1205
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$528MWorld Rnk 43 / 225
Flag Rnk 28 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $1.24B in Medical Instruments, making it the 24th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 10th most exported product in Finland. The main destination of Medical Instruments exports from Finland are: United States ($511M), Germany ($115M), China ($86.4M), United Kingdom ($61.9M), and France ($55.3M).

The fastest growing export markets for Medical Instruments of Finland between 2021 and 2022 were China ($71.3M), United States ($31.1M), and Mexico ($8.63M).

Imports In 2022, Finland imported $528M in Medical Instruments, becoming the 43rd largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 28th most imported product in Finland. Finland imports Medical Instruments primarily from: Germany ($130M), Netherlands ($82.4M), Sweden ($50.6M), United States ($39.5M), and China ($31.2M).

The fastest growing import markets in Medical Instruments for Finland between 2021 and 2022 were Netherlands ($31M), Japan ($2.73M), and Israel ($1.93M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Medical Instruments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.24B
IMPORTS (2022)$528M
NET TRADE (2022)$712M

In 2022, Finland exported $1.24B in Medical Instruments. The main destinations of Finland exports on Medical Instruments were United States ($511M), Germany ($115M), China ($86.4M), United Kingdom ($61.9M), and France ($55.3M).

In 2022, Finland imported $528M in Medical Instruments, mainly from Germany ($130M), Netherlands ($82.4M), Sweden ($50.6M), United States ($39.5M), and China ($31.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Finland WERE (2021 - 2022):
China$71.3M (472%)
United States$31.1M (6.5%)
Mexico$8.63M (160%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Finland WERE (2021 - 2022):
Canada-$72.3M (-88.6%)
Australia-$8.29M (-23.6%)
South Africa-$8.04M (-69.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Medical Instruments were:
In 2022, Finland's main importing competitors in Medical Instruments were:

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $60.6M
TOP IMPORT POTENTIALUnited States+ $25.6M

Medical Instruments’s highest export potential is United States. With an export gap of $60.6M.   Medical Instruments’s highest import potential is United States with an import gap of $25.6M.

See methodology.

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