HS Icon Medical Instruments in  Flag Mexico

2020
Exports | Imports
: $10.6B | $3.39B, World Rnk 3 / 216
Flag Rnk 9 / 1179 | World Rnk 10 / 225
Flag Rnk 17 / 1207

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $131M | $15.7M, United States |  Malaysia

2020
ECONOMIC COMPLEXITY of Mexico
: 1.15, Rnk 21 / 127

2020
PRODUCT COMPLEXITY  IN Medical Instruments
: 0.74, Rnk 268 / 1029

Exports In 2020, Mexico exported $10.6B in Medical Instruments, making it the 3rd largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 9th most exported product in Mexico. The main destination of Medical Instruments exports from Mexico are: United States ($7.69B), Belgium ($281M), Japan ($273M), Canada ($210M), and Singapore ($162M).

The fastest growing export markets for Medical Instruments of Mexico between 2019 and 2020 were United States ($131M), United Kingdom ($21.8M), and Denmark ($15.7M).

Imports In 2020, Mexico imported $3.39B in Medical Instruments, becoming the 10th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 17th most imported product in Mexico. Mexico imports Medical Instruments primarily from: United States ($2.65B), China ($161M), Germany ($109M), Pakistan ($40.4M), and Japan ($37M).

The fastest growing import markets in Medical Instruments for Mexico between 2019 and 2020 were Malaysia ($15.7M), France ($14.6M), and Netherlands ($8.91M).

Subnational Monthly Trade

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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

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EXPORTS (2020): $10.6B

IMPORTS (2020): $3.39B

NET TRADE (2020): $7.23B

In 2020, Mexico exported $10.6B in Medical Instruments. The main destinations of Mexico exports on Medical Instruments were United States ($7.69B), Belgium ($281M), Japan ($273M), Canada ($210M), and Singapore ($162M).

In 2020, Mexico imported $3.39B in Medical Instruments, mainly from United States ($2.65B), China ($161M), Germany ($109M), Pakistan ($40.4M), and Japan ($37M).

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THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Mexico WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Mexico WERE (2019 - 2020):

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Market Concentration

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In 2020, Mexico's main exporting competitors in Medical Instruments were:

In 2020, Mexico's main importing competitors in Medical Instruments were:

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