Instruments, appliances for medical, etc science, nes901890 (Harmonized System 1992 for 6-digit)
2020 World Trade: $57.2B, Rnk 35 / 4613
2020 Top Exporter | Top Importer: $13.1B | $13.6B, United States | United States
2020 Product Complexity: 0.45, Rnk 1760 / 4783
2019 - 2020 Export Growth (CAGR): -1%, Rnk 1319 / 4613
2018 Mean Tariff: 2.75%, Rnk 5971 / 6538
2020 Share of World Trade: 0.34%, Rnk 35 / 4613
Overview This page contains the latest trade data of Instruments, appliances for medical, etc science, nes. In 2020, Instruments, appliances for medical, etc science, nes were the world's 35th most traded product, with a total trade of $57.2B. Between 2019 and 2020 the exports of Instruments, appliances for medical, etc science, nes decreased by -1%, from $57.8B to $57.2B. Trade in Instruments, appliances for medical, etc science, nes represent 0.34% of total world trade.
Instruments, appliances for medical, etc science, nes are a part of Medical Instruments.
Exports In 2020 the top exporters of Instruments, appliances for medical, etc science, nes were United States ($13.1B), Germany ($7.17B), Mexico ($5.32B), Netherlands ($3.99B), and China ($3.72B).
Imports In 2020 the top importers of Instruments, appliances for medical, etc science, nes were United States ($13.6B), Germany ($4.36B), Netherlands ($3.87B), China ($2.86B), and Japan ($2.46B).
Tariffs In 2018 the average tariff for Instruments, appliances for medical, etc science, nes was 2.75%, making it the 5971st lowest tariff using the HS6 product classification.
Ranking Instruments, appliances for medical, etc science, nes ranks 1760th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): United States, $13.1B
Top Destination (2020): United States, $13.6B
Instruments, appliances for medical, etc science, nes are the world's 35th most traded product.
In 2020, the top exporters of Instruments, appliances for medical, etc science, nes were United States ($13.1B), Germany ($7.17B), Mexico ($5.32B), Netherlands ($3.99B), and China ($3.72B).
In 2020, the top importers of Instruments, appliances for medical, etc science, nes were United States ($13.6B), Germany ($4.36B), Netherlands ($3.87B), China ($2.86B), and Japan ($2.46B).
Trade by country
Top Origin Growth (2019 - 2020): China, $953M
Top Destination Growth (2019 - 2020): United States, $329M
Between 2019 and 2020, the exports of Instruments, appliances for medical, etc science, nes grew the fastest in China ($953M), Netherlands ($358M), Canada ($273M), Costa Rica ($254M), and Germany ($174M).
Between 2019 and 2020, the fastest growing importers of Instruments, appliances for medical, etc science, nes were United States ($329M), Austria ($136M), Singapore ($123M), Chinese Taipei ($86.9M), and Germany ($71.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Instruments, appliances for medical, etc science, nes.
In 2020, market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Instruments, appliances for medical, etc science, nes are explained by 19 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Instruments, appliances for medical, etc science, nes were Mexico ($3.41B), Germany ($2.82B), Costa Rica ($1.18B), Ireland ($1.16B), and Dominican Republic ($875M).
In 2020, the countries that had a largest trade value in imports than in exports of Instruments, appliances for medical, etc science, nes were Australia ($926M), Russia ($803M), Japan ($802M), United Kingdom ($754M), and Spain ($658M).
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.
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.
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