2022
Exports
$1.32BWorld Rnk 22 / 224
Flag Rnk 55 / 1212
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$2.25BWorld Rnk 17 / 225
Flag Rnk 38 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $1.32B in Medical Instruments, making it the 22nd largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 55th most exported product in India. The main destination of Medical Instruments exports from India are: United States ($288M), Netherlands ($111M), Brazil ($63.7M), Germany ($62.6M), and China ($57.7M).

The fastest growing export markets for Medical Instruments of India between 2021 and 2022 were Netherlands ($72.6M), United States ($47.1M), and Turkey ($15.7M).

Imports In 2022, India imported $2.25B in Medical Instruments, becoming the 17th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 38th most imported product in India. India imports Medical Instruments primarily from: United States ($544M), China ($442M), Germany ($211M), Singapore ($178M), and Netherlands ($138M).

The fastest growing import markets in Medical Instruments for India between 2021 and 2022 were United States ($176M), South Korea ($46.4M), and Germany ($25M).

COMPANIES In 2023, leading companies such as TE Connectivity (1) were at the forefront of shipping Medical Instruments from India to the United States.

Latest Trends

Jul 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)$1.32B
IMPORTS (2022)$2.25B
NET TRADE (2022)-$935M

In 2022, India exported $1.32B in Medical Instruments. The main destinations of India exports on Medical Instruments were United States ($288M), Netherlands ($111M), Brazil ($63.7M), Germany ($62.6M), and China ($57.7M).

In 2022, India imported $2.25B in Medical Instruments, mainly from United States ($544M), China ($442M), Germany ($211M), Singapore ($178M), and Netherlands ($138M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR India WERE (2021 - 2022):
Netherlands$72.6M (191%)
United States$47.1M (19.6%)
Turkey$15.7M (61.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY India WERE (2021 - 2022):
Sri Lanka-$4.74M (-53.7%)
Djibouti-$3.37M (-81.7%)
Finland-$3.24M (-37.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Medical Instruments were:
In 2022, India'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+ $249M
TOP IMPORT POTENTIALChina+ $378M

Medical Instruments’s highest export potential is United States. With an export gap of $249M.   Medical Instruments’s highest import potential is China with an import gap of $378M.

See methodology.

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