Medical Instruments9018 (Harmonized System 1992 for 4-digit)
2020 World Trade: $133B, Rnk 14 / 1217
2020 Top Exporter | Top Importer: $27.7B | $28B, United States | United States
2020 Product Complexity: 0.74, Rnk 257 / 1028
2019 - 2020 Export Growth (CAGR): -0.42%, Rnk 361 / 1217
2018 Mean Tariff: 3.57%, Rnk 1084 / 1259
2020 Share of World Trade: 0.79%, Rnk 14 / 1217
Overview This page contains the latest trade data of Medical Instruments. In 2020, Medical Instruments were the world's 14th most traded product, with a total trade of $133B. Between 2019 and 2020 the exports of Medical Instruments decreased by -0.42%, from $133B to $133B. Trade in Medical Instruments represent 0.79% of total world trade.
Medical Instruments are a part of Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts.... They include Instruments, appliances for medical, etc science, nes, Needles, catheters, cannulae etc, (medical), Electro-diagnostic apparatus, nes, Syringes, with or without needles, Instruments and appliances, used in dentistry, Ophthalmic instruments and appliances, Tubular metal needles and needles for sutures, Electro-cardiographs, Dental drill engines, and Ultra-violet or infra-red ray apparatus, among others.
Exports In 2020 the top exporters of Medical Instruments were United States ($27.7B), Germany ($16.7B), Mexico ($10.6B), Netherlands ($10.6B), and China ($10B).
Imports In 2020 the top importers of Medical Instruments were United States ($28B), Germany ($11.1B), Netherlands ($9.49B), China ($8.54B), and Japan ($6.38B).
Tariffs In 2018 the average tariff for Medical Instruments was 3.57%, making it the 1084th lowest tariff using the HS4 product classification.
Ranking Medical Instruments ranks 257th in the Product Complexity Index (PCI).
Description Instruments and appliances used in medical, surgical, dental or veterinary sciences are used to help diagnose diseases. They can be made from a variety of materials, including stainless steel, plastic, and glass.
The following visualization shows the latest trends on Medical Instruments. 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, $27.7B
Top Destination (2020): United States, $28B
Medical Instruments are the world's 14th most traded product.
In 2020, the top exporters of Medical Instruments were United States ($27.7B), Germany ($16.7B), Mexico ($10.6B), Netherlands ($10.6B), and China ($10B).
In 2020, the top importers of Medical Instruments were United States ($28B), Germany ($11.1B), Netherlands ($9.49B), China ($8.54B), and Japan ($6.38B).
Trade by country
Between 2019 and 2020, the exports of Medical Instruments grew the fastest in China ($2.08B), Germany ($767M), Netherlands ($602M), Costa Rica ($271M), and United Kingdom ($171M).
Between 2019 and 2020, the fastest growing importers of Medical Instruments were Germany ($735M), France ($314M), Russia ($304M), Chinese Taipei ($177M), and Austria ($161M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Medical Instruments.
In 2020, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Medical Instruments are explained by 20 countries.
This map shows which countries export or import more of Medical Instruments. Each country is colored based on the difference in exports and imports of Medical Instruments during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Medical Instruments were Mexico ($7.23B), Germany ($5.65B), Ireland ($4.76B), Costa Rica ($2.85B), and China ($1.5B).
In 2020, the countries that had a largest trade value in imports than in exports of Medical Instruments were Russia ($2.13B), Canada ($1.87B), Australia ($1.84B), France ($1.75B), and Spain ($1.67B).
In 2020, the world most traded Medical Instruments, disaggragated by their HS6 level were Instruments, appliances for medical, etc science,... ($57.2B), Needles, catheters, cannulae etc, (medical) ($30.3B), Electro-diagnostic apparatus, nes ($25.3B), Syringes, with or without needles ($5.88B), and Instruments and appliances, used in dentistry ($4.9B)
This visualization shows the countries that have an important ratio of their trade related to Medical Instruments. It is possible to select the main countries that export or import Medical Instruments 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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