Medical Instruments in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $3.08B in Medical Instruments, making it the 12th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 25th most exported product in United Kingdom. The main destination of Medical Instruments exports from United Kingdom are: Germany ($573M), United States ($567M), Netherlands ($455M), Belgium ($273M), and Ireland ($198M).

The fastest growing export markets for Medical Instruments of United Kingdom between 2021 and 2022 were United Kingdom ($78.9M), Pakistan ($10.7M), and Brazil ($4.52M).

Imports In 2022, United Kingdom imported $5.52B in Medical Instruments, becoming the 8th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 17th most imported product in United Kingdom. United Kingdom imports Medical Instruments primarily from: Netherlands ($1.21B), United States ($920M), Germany ($693M), Ireland ($413M), and China ($369M).

The fastest growing import markets in Medical Instruments for United Kingdom between 2021 and 2022 were United States ($348M), Ireland ($164M), and Mexico ($118M).

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Medical Instruments exports accounted up to £207M and imports accounted up to £386M, resulting in a negative trade balance of £180M. Between January 2023 and January 2024 the exports of United Kingdom's Medical Instruments have increased by £15.6M (8.17%) from £191M to £207M, while imports increased by £8.88M (2.35%) from £378M to £386M.

Destinations In January 2024, Medical Instruments were exported mostly to United States (£41.1M), Netherlands (£33.9M), Germany (£32.1M), Belgium (£24.5M), and France (£17.4M), and were imported mostly from Netherlands (£114M), Germany (£61.4M), United States (£43.4M), Belgium (£30.4M), and Ireland (£23.8M).

Growth In January 2024, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Netherlands (£13M or 63.3%), Germany (£9.64M or 38.3%), and Belgium (£6.71M or 35.1%). In January 2024, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from United States (£14.6M or 40.2%), France (£3.77M or 27.9%), and Costa Rica (£3.71M or 720%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£15.6M(8.17%)

IMPORT GROWTH (January 2023 - January 2024)£8.88M(2.35%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£63.6M

MAIN DESTINATION (January 2024)United States£41.1M

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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