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2022
Exports $33.3BWorld Rnk 1 / 224
Flag Rnk 11 / 1217
2022
Destination $1.01B Netherlands
2021 - 2022
FASTEST GROWING MARKET $1.01BNetherlands
2022
PRODUCT COMPLEXITY IN Medical Instruments0.76Rnk 260 / 1025
2022
Imports $34.7BWorld Rnk 1 / 225
Flag Rnk 11 / 1216
2022
Origin $1.02B Mexico
2021 - 2022
FASTEST GROWING ORIGIN $1.02BMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $33.3B in Medical Instruments, making it the 1st largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 11th most exported product in United States. The main destination of Medical Instruments exports from United States are: Netherlands ($5.42B), China ($3.72B), Mexico ($3.21B), Japan ($2.45B), and Germany ($2.4B).

The fastest growing export markets for Medical Instruments of United States between 2021 and 2022 were Netherlands ($1.01B), United Kingdom ($348M), and Mexico ($320M).

Imports In 2022, United States imported $34.7B in Medical Instruments, becoming the 1st largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 11th most imported product in United States. United States imports Medical Instruments primarily from: Mexico ($9.48B), Germany ($3.37B), Ireland ($3B), Costa Rica ($2.93B), and China ($2.52B).

The fastest growing import markets in Medical Instruments for United States between 2021 and 2022 were Mexico ($1.02B), Malaysia ($199M), and Canada ($194M).

COMPANIES In 2023, leading companies such as Panasonic (138), Baxter Healthcare (119), and ZF Friedrichshafen (79) were at the forefront of shipping Medical Instruments to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Medical Instruments exports accounted up to $3.12B and imports accounted up to $3.44B, resulting in a negative trade balance of $318M. Between August 2023 and August 2024 the exports of United States'   Medical Instruments have increased by $53.8M (1.75%) from $3.07B to $3.12B, while imports increased by $246M (7.71%) from $3.19B to $3.44B.

Destinations In August 2024, Medical Instruments were exported mostly to Netherlands ($460M), Mexico ($435M), China ($326M), Canada ($265M), and Japan ($236M), and were imported mostly from Mexico ($1.09B), Costa Rica ($370M), Germany ($356M), Ireland ($264M), and China ($185M).

Growth In August 2024, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Netherlands ($128M or 36.1%), Mexico ($75.4M or 29.8%), and Canada ($38M or 19.4%). In August 2024, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Mexico ($115M or 17.1%), Costa Rica ($86.5M or 55.3%), and Ireland ($34.4M or 22%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$53.8M(1.75%)
IMPORT GROWTH (August 2023 - August 2024)$246M(7.71%)
MAIN EXPORTER (August 2024)California$505M
MAIN DESTINATION (August 2024)Netherlands$460M

This section shows Medical Instruments's exports and imports data at subnational level for United States. 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 (2022)$33.3B
IMPORTS (2022)$34.7B
NET TRADE (2022)-$1.42B

In 2022, United States exported $33.3B in Medical Instruments. The main destinations of United States exports on Medical Instruments were Netherlands ($5.42B), China ($3.72B), Mexico ($3.21B), Japan ($2.45B), and Germany ($2.4B).

In 2022, United States imported $34.7B in Medical Instruments, mainly from Mexico ($9.48B), Germany ($3.37B), Ireland ($3B), Costa Rica ($2.93B), and China ($2.52B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR United States WERE (2021 - 2022):
Netherlands$1.01B (23%)
United Kingdom$348M (60.9%)
Mexico$320M (11%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY United States WERE (2021 - 2022):
Belgium-$173M (-9.38%)
Singapore-$124M (-13.2%)
Russia-$62M (-40.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Medical Instruments were:
Germany $17.6B
Mexico $14.1B
In 2022, United States's main importing competitors in Medical Instruments were:
Netherlands $12.9B
Germany $11.4B

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $534M
TOP IMPORT POTENTIALChina+ $674M

Medical Instruments’s highest export potential is Canada. With an export gap of $534M.   Medical Instruments’s highest import potential is China with an import gap of $674M.

See methodology.

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