2023
Exports
$34.8BWorld Rnk 1 / 217
Flag Rnk 11 / 1217
2023
PRODUCT COMPLEXITY IN Medical Instruments
0.73Rnk 272 / 1025
2023
Imports
$37.7BWorld Rnk 1 / 226
Flag Rnk 10 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $34.8B 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 ($5.91B), China ($3.26B), Germany ($3.17B), Mexico ($3.15B), and Japan ($2.8B).

The fastest growing export markets for Medical Instruments of United States between 2022 and 2023 were Netherlands ($731M), Japan ($676M), and Mexico ($484M).

Imports In 2023, United States imported $37.7B in Medical Instruments, becoming the 1st largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 10th most imported product in United States. United States imports Medical Instruments primarily from: Mexico ($11.8B), Germany ($3.9B), Costa Rica ($3.52B), Ireland ($2.75B), and China ($2.24B).

The fastest growing import markets in Medical Instruments for United States between 2022 and 2023 were Mexico ($2.3B), Costa Rica ($591M), and Ireland ($270M).

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

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$22.1M(0.74%)
IMPORT GROWTH (November 2023 - November 2024)$60.1M(1.79%)
MAIN EXPORTER (November 2024)California$505M
MAIN DESTINATION (November 2024)Netherlands$515M

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 (2023)$34.8B
IMPORTS (2023)$37.7B
NET TRADE (2023)-$2.88B

In 2023, United States exported $34.8B in Medical Instruments. The main destinations of United States exports on Medical Instruments were Netherlands ($5.91B), China ($3.26B), Germany ($3.17B), Mexico ($3.15B), and Japan ($2.8B).

In 2023, United States imported $37.7B in Medical Instruments, mainly from Mexico ($11.8B), Germany ($3.9B), Costa Rica ($3.52B), Ireland ($2.75B), and China ($2.24B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR United States WERE (2022 - 2023):
Netherlands$731M (14.1%)
Japan$676M (31.8%)
Mexico$484M (18.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY United States WERE (2022 - 2023):
China-$116M (-3.42%)
South Africa-$56.7M (-32.5%)
New Zealand-$56.6M (-33.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

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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