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2023
Exports $3BWorld Rnk 13 / 217
Flag Rnk 21 / 1216
2023
Destination $93.3M Germany
2022 - 2023
FASTEST GROWING MARKET $93.3MGermany
2023
PRODUCT COMPLEXITY IN Medical Instruments0.73Rnk 272 / 1025
2023
Imports $4.48BWorld Rnk 10 / 226
Flag Rnk 21 / 1214
2023
Origin $189M United States
2022 - 2023
FASTEST GROWING ORIGIN $189MIreland
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $3B in Medical Instruments, making it the 13th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 21st most exported product in United Kingdom. The main destination of Medical Instruments exports from United Kingdom are: Germany ($630M), United States ($556M), Netherlands ($380M), Ireland ($163M), and Belgium ($152M).

The fastest growing export markets for Medical Instruments of United Kingdom between 2022 and 2023 were Germany ($93.3M), United States ($77.9M), and India ($46.8M).

Imports In 2023, United Kingdom imported $4.48B in Medical Instruments, becoming the 10th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 21st most imported product in United Kingdom. United Kingdom imports Medical Instruments primarily from: United States ($780M), Germany ($527M), Ireland ($493M), China ($399M), and Mexico ($321M).

The fastest growing import markets in Medical Instruments for United Kingdom between 2022 and 2023 were Ireland ($189M), Mexico ($54.8M), and Malaysia ($32.1M).

COMPANIES In 2023, leading companies such as Amazon (6) were at the forefront of shipping Medical Instruments from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Medical Instruments exports accounted up to £221M and imports accounted up to £427M, resulting in a negative trade balance of £207M. Between November 2023 and November 2024 the exports of United Kingdom's   Medical Instruments have decreased by £-28.8M (-11.5%) from £249M to £221M, while imports increased by £29.7M (7.46%) from £398M to £427M.

Destinations In November 2024, Medical Instruments were exported mostly to Germany (£44.3M), United States (£37M), Netherlands (£32.2M), Belgium (£24.6M), and Ireland (£17.6M), and were imported mostly from Netherlands (£104M), United States (£76.5M), Germany (£55M), Ireland (£40.6M), and Belgium (£33.5M).

Growth In November 2024, the decrease in Medical Instruments's year-by-year exports was explained primarily by a decrease in exports to Japan (£-2.71M or -48.9%), United States (£-2.46M or -6.8%), and Ukraine (£-851k or -99.6%). In November 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
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-28.8M(-11.5%)
IMPORT GROWTH (November 2023 - November 2024)£29.7M(7.46%)
MAIN EXPORTER (November 2024)Dover Eurotunnel£74.8M
MAIN DESTINATION (November 2024)Germany£44.3M

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$3B
IMPORTS (2023)$4.48B
NET TRADE (2023)-$1.47B

In 2023, United Kingdom exported $3B in Medical Instruments. The main destinations of United Kingdom exports on Medical Instruments were Germany ($630M), United States ($556M), Netherlands ($380M), Ireland ($163M), and Belgium ($152M).

In 2023, United Kingdom imported $4.48B in Medical Instruments, mainly from United States ($780M), Germany ($527M), Ireland ($493M), China ($399M), and Mexico ($321M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Germany$93.3M (17.4%)
United States$77.9M (16.3%)
India$46.8M (165%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY United Kingdom WERE (2022 - 2023):
France-$29.1M (-19.2%)
Lithuania-$16.3M (-86.2%)
South Korea-$15.2M (-49.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Medical Instruments were:
United States $34.8B
Germany $18.4B
Mexico $17.6B
In 2023, United Kingdom's main importing competitors in Medical Instruments were:
United States $37.7B
Netherlands $14.1B
Germany $13.1B

Explore Visualizations

Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $226M
TOP IMPORT POTENTIALGermany+ $211M

Medical Instruments’s highest export potential is United States. With an export gap of $226M.   Medical Instruments’s highest import potential is Germany with an import gap of $211M.

See methodology.

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