Medical Instruments in United States 2020 Exports | Imports : $27.7B | $28B, World Rnk 1 / 216 Rnk 8 / 1217 | World Rnk 1 / 225 Rnk 11 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $376M | $566M, Germany | China
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Medical Instruments: 0.74, Rnk 268 / 1029
Exports In 2020, United States exported $27.7B in Medical Instruments, making it the 1st largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 8th most exported product in United States. The main destination of Medical Instruments exports from United States are: Netherlands ($3.74B), China ($3.09B), Mexico ($2.65B), Japan ($2.39B), and Germany ($2.33B).
The fastest growing export markets for Medical Instruments of United States between 2019 and 2020 were Germany ($376M), Italy ($87.6M), and Austria ($60.6M).
Imports In 2020, United States imported $28B 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 ($7.69B), Germany ($2.94B), Ireland ($2.24B), China ($2.22B), and Costa Rica ($2.18B).
The fastest growing import markets in Medical Instruments for United States between 2019 and 2020 were China ($566M), Costa Rica ($324M), and Mexico ($131M).
December 2022
Overview In December 2022 United States' Medical Instruments exports accounted up to $3.08B and imports accounted up to $2.94B, resulting in a positive trade balance of $135M. Between December 2021 and December 2022 the exports of United States' Medical Instruments have increased by $342M (12.5%) from $2.73B to $3.08B, while imports increased by $169M (6.1%) from $2.77B to $2.94B.
Destinations In December 2022, Medical Instruments were exported mostly to Netherlands ($560M), China ($332M), Mexico ($273M), Canada ($269M), and Japan ($230M), and were imported mostly from Mexico ($703M), Germany ($326M), Costa Rica ($279M), Ireland ($254M), and China ($212M).
Growth In December 2022, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Netherlands ($65.6M or 22.6%), Mexico ($32.5M or 14.7%), and Germany ($27.3M or 18.9%). In December 2022, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Mexico ($92.9M or 16.1%), Germany ($81.8M or 39.8%), and China ($44.4M or 24.8%).
EXPORT GROWTH (December 2021 - December 2022): $342M, (12.5%)
IMPORT GROWTH (December 2021 - December 2022): $169M, (6.1%)
MAIN EXPORTER (December 2022): California, $496M
MAIN DESTINATION (December 2022): Netherlands, $560M
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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EXPORTS (2020): $27.7B
IMPORTS (2020): $28B
NET TRADE (2020): -$285M
In 2020, United States exported $27.7B in Medical Instruments. The main destinations of United States exports on Medical Instruments were Netherlands ($3.74B), China ($3.09B), Mexico ($2.65B), Japan ($2.39B), and Germany ($2.33B).
In 2020, United States imported $28B in Medical Instruments, mainly from Mexico ($7.69B), Germany ($2.94B), Ireland ($2.24B), China ($2.22B), and Costa Rica ($2.18B).
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Medical Instruments were:
In 2020, United States's main importing competitors in Medical Instruments were:
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