Pacemakers for stimulating heart muscles902150 (Harmonized System 1992 for 6-digit)
2021 World Trade: $5.82B, Rnk 622 / 4641
2021 Top Exporter | Top Importer: $1.38B | $1.38B, Switzerland | United States
2021 Product Complexity: 1.39, Rnk 284 / 4648
2020 - 2021 Export Growth (CAGR): 20.2%, Rnk 2327 / 4641
2018 Mean Tariff: 1.38%, Rnk 6374 / 6538
2021 Share of World Trade: 0.028%, Rnk 622 / 4641
Overview This page contains the latest trade data of Pacemakers for stimulating heart muscles. In 2021, Pacemakers for stimulating heart muscles were the world's 622nd most traded product, with a total trade of $5.82B. Between 2020 and 2021 the exports of Pacemakers for stimulating heart muscles grew by 20.2%, from $4.84B to $5.82B. Trade in Pacemakers for stimulating heart muscles represent 0.028% of total world trade.
Pacemakers for stimulating heart muscles are a part of Orthopedic Appliances.
Exports In 2021 the top exporters of Pacemakers for stimulating heart muscles were Switzerland ($1.38B), Ireland ($1.06B), Netherlands ($732M), Germany ($709M), and Belgium ($636M).
Imports In 2021 the top importers of Pacemakers for stimulating heart muscles were United States ($1.38B), Netherlands ($607M), Germany ($422M), Belgium ($411M), and France ($337M).
Tariffs In 2018 the average tariff for Pacemakers for stimulating heart muscles was 1.38%, making it the 6374th lowest tariff using the HS6 product classification.
Ranking Pacemakers for stimulating heart muscles ranks 284th in the Product Complexity Index (PCI).
Description A pacemaker for the heart is a medical device that helps to regulate the patient's heart rate by sending an electric signal to the heart. This can be used for a variety of reasons, such as for people who have problems with their heart rate that are not caused by a heart attack or other heart disease. For example, a pacemaker may be used for a patient with an irregular heartbeat.
The following visualization shows the latest trends on Pacemakers for stimulating heart muscles. 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 (2021): Switzerland, $1.38B
Top Destination (2021): United States, $1.38B
Pacemakers for stimulating heart muscles are the world's 622nd most traded product.
In 2021, the top exporters of Pacemakers for stimulating heart muscles were Switzerland ($1.38B), Ireland ($1.06B), Netherlands ($732M), Germany ($709M), and Belgium ($636M).
In 2021, the top importers of Pacemakers for stimulating heart muscles were United States ($1.38B), Netherlands ($607M), Germany ($422M), Belgium ($411M), and France ($337M).
Trade by country
Top Origin Growth (2020 - 2021): Netherlands, $341M
Top Destination Growth (2020 - 2021): United States, $457M
Between 2020 and 2021, the exports of Pacemakers for stimulating heart muscles grew the fastest in Netherlands ($341M), Switzerland ($230M), Singapore ($170M), Ireland ($170M), and Belgium ($140M).
Between 2020 and 2021, the fastest growing importers of Pacemakers for stimulating heart muscles were United States ($457M), China ($113M), France ($74.7M), Belgium ($62.3M), and Italy ($56.8M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Pacemakers for stimulating heart muscles.
In 2021, market concentration measured using Shannon Entropy, was 3.09. This means that most of the exports of Pacemakers for stimulating heart muscles are explained by 8 countries.
TOP NET EXPORTER (2021): Switzerland, $1.26B
TOP NET IMPORTER (2021): United States, $1.15B
This map shows which countries export or import more of Pacemakers for stimulating heart muscles. Each country is colored based on the difference in exports and imports of Pacemakers for stimulating heart muscles during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Pacemakers for stimulating heart muscles were Switzerland ($1.26B), Ireland ($877M), Malaysia ($413M), Singapore ($322M), and Germany ($287M).
In 2021, the countries that had a largest trade value in imports than in exports of Pacemakers for stimulating heart muscles were United States ($1.15B), China ($317M), Japan ($302M), France ($211M), and Italy ($208M).
This visualization shows the countries that have an important ratio of their trade related to Pacemakers for stimulating heart muscles. It is possible to select the main countries that export or import Pacemakers for stimulating heart muscles 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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