Medical Instruments in United Kingdom 2021 Exports | Imports : $3.17B | $4.72B, World Rnk 12 / 221 Rnk 18 / 1216 | World Rnk 8 / 226 Rnk 19 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $307M | $153M, Netherlands | Netherlands
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Medical Instruments: 0.74, Rnk 262 / 1029
Exports In 2021, United Kingdom exported $3.17B in Medical Instruments, making it the 12th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 18th most exported product in United Kingdom. The main destination of Medical Instruments exports from United Kingdom are: Germany ($588M), United States ($585M), Netherlands ($503M), Belgium ($293M), and Ireland ($254M).
The fastest growing export markets for Medical Instruments of United Kingdom between 2020 and 2021 were Netherlands ($307M), Ireland ($105M), and Germany ($104M).
Imports In 2021, United Kingdom imported $4.72B in Medical Instruments, becoming the 8th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 19th most imported product in United Kingdom. United Kingdom imports Medical Instruments primarily from: Netherlands ($1.13B), Germany ($905M), United States ($572M), Belgium ($317M), and China ($311M).
The fastest growing import markets in Medical Instruments for United Kingdom between 2020 and 2021 were Netherlands ($153M), Ireland ($137M), and Germany ($87.7M).
March 2023
Overview In March 2023 United Kingdom's Medical Instruments exports accounted up to £246M and imports accounted up to £537M, resulting in a negative trade balance of £291M. Between March 2022 and March 2023 the exports of United Kingdom's Medical Instruments have increased by £10.5M (4.46%) from £235M to £246M, while imports increased by £6.83M (1.29%) from £530M to £537M.
Destinations In March 2023, Medical Instruments were exported mostly to United States (£46.7M), Germany (£45.7M), Netherlands (£35M), Belgium (£34.5M), and Ireland (£16.7M), and were imported mostly from Netherlands (£182M), Germany (£76.2M), United States (£63.3M), Ireland (£43.3M), and Belgium (£30.1M).
Growth In March 2023, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Netherlands (£5.29M or 34.7%), Belgium (£3.16M or 19.7%), and Germany (£2.06M or 8.91%). In March 2023, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Netherlands (£83.3M or 229%), France (£9.74M or 257%), and Germany (£9.48M or 20.3%).
EXPORT GROWTH (March 2022 - March 2023): £10.5M, (4.46%)
IMPORT GROWTH (March 2022 - March 2023): £6.83M, (1.29%)
MAIN EXPORTER (March 2023): Dover Eurotunnel, £63.7M
MAIN DESTINATION (March 2023): United States, £46.7M
This section shows Medical Instruments's exports and imports data at subnational level for United Kingdom. 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 (2021): $3.17B
IMPORTS (2021): $4.72B
NET TRADE (2021): -$1.56B
In 2021, United Kingdom exported $3.17B in Medical Instruments. The main destinations of United Kingdom exports on Medical Instruments were Germany ($588M), United States ($585M), Netherlands ($503M), Belgium ($293M), and Ireland ($254M).
In 2021, United Kingdom imported $4.72B in Medical Instruments, mainly from Netherlands ($1.13B), Germany ($905M), United States ($572M), Belgium ($317M), and China ($311M).
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Medical Instruments were:
In 2021, United Kingdom's main importing competitors in Medical Instruments were:
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