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Instruments, appliances for medical, etc science, nes

901890 (Harmonized System 1992 for 6-digit)

2023
World Trade $73.8BRnk 39 / 4644
2023
Top Exporter | Top Importer $16.7B | $19.4BUnited States | United States
2023
Product Complexity 0.66Rnk 1365 / 4656
2022 - 2023
Export Growth (CAGR) 10.2%Rnk 675 / 4644
2023
Share of World Trade 0.33%Rnk 39 / 4644

About

Overview This page contains the latest trade data of Instruments, appliances for medical, etc science, nes. In 2023, Instruments, appliances for medical, etc science, nes were the world's 39th most traded product, with a total trade of $73.8B. Between 2022 and 2023 the exports of Instruments, appliances for medical, etc science, nes grew by 10.2%, from $66.9B to $73.8B. Trade in Instruments, appliances for medical, etc science, nes represent 0.33% of total world trade.

Instruments, appliances for medical, etc science, nes are a part of Medical Instruments.

Exports In 2023 the top exporters of Instruments, appliances for medical, etc science, nes  were United States ($16.7B), Mexico ($10.6B), Germany ($8.19B), China ($4.66B), and Netherlands ($3.64B).

Imports In 2023 the top importers of Instruments, appliances for medical, etc science, nes were United States ($19.4B), Netherlands ($5.35B), Germany ($4.51B), China ($4.46B), and Japan ($2.87B).

Ranking Instruments, appliances for medical, etc science, nes ranks 1365th in the Product Complexity Index (PCI).

Description Scientific instruments/appliances are used in many situations. They are used for measuring temperature, weight, length, pressure, time, and many other things. They can also be used for scientific experiments, surgery, and other medical procedures.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Instruments, appliances for medical, etc science, nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$16.7B
Top Destination (2023)United States$19.4B

In 2023 Instruments, appliances for medical, etc science, nes were the world's 39th most traded product (out of 4,644).

In 2023, the top exporters of Instruments, appliances for medical, etc science, nes were United States ($16.7B), Mexico ($10.6B), Germany ($8.19B), China ($4.66B), and Netherlands ($3.64B).

In 2023, the top importers of Instruments, appliances for medical, etc science, nes were United States ($19.4B), Netherlands ($5.35B), Germany ($4.51B), China ($4.46B), and Japan ($2.87B).

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Exporters of Instruments, appliances for medical, etc science, nes (2023)
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Importers of Instruments, appliances for medical, etc science, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$1.85B
Top Destination Growth (2022 -  2023)United States$2.54B

Between 2022 and 2023, the exports of Instruments, appliances for medical, etc science, nes grew the fastest in United States ($1.85B), Mexico ($1.52B), Germany ($634M), Costa Rica ($572M), and Netherlands ($436M).

Between 2022 and 2023, the fastest growing importers of Instruments, appliances for medical, etc science, nes were United States ($2.54B), Netherlands ($753M), Mexico ($410M), Germany ($384M), and France ($268M).

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Exporters of Instruments, appliances for medical, etc science, nes (2022 - 2023)

Importers of Instruments, appliances for medical, etc science, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Instruments, appliances for medical, etc science, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Instruments, appliances for medical, etc science, nes are explained by 19 countries.

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Value of Exports in Instruments, appliances for medical, etc science, nes

Net Trade

TOP NET EXPORTER (2023)Mexico$7.94B
TOP NET IMPORTER (2023)United States$2.77B

This map shows which countries export or import more of Instruments, appliances for medical, etc science, nes. Each country is colored based on the difference in exports and imports of Instruments, appliances for medical, etc science, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Instruments, appliances for medical, etc science, nes were Mexico ($7.94B), Germany ($3.68B), Costa Rica ($2.5B), Ireland ($1.42B), and Dominican Republic ($1.35B).

In 2023, the countries that had a largest trade value in imports than in exports of Instruments, appliances for medical, etc science, nes were United States ($2.77B), Netherlands ($1.71B), Australia ($1.42B), Spain ($991M), and Canada ($972M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Instruments, appliances for medical, etc science, nes.
It is possible to select the main countries that export or import Instruments, appliances for medical, etc science, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Instruments, appliances for medical, etc science, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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