Overview: In 2018, Medical Instruments were the world's 20th most traded product, with a total trade of $117B. Between 2017 and 2018 the exports of Medical Instruments grew by 21.2%, from $96.5B to $117B. Trade in Medical Instruments represent 0.64% of total world trade.
Exports: In 2018 the top exporters of Medical Instruments were United States ($21.7B), Germany ($15.5B), Netherlands ($9.51B), Mexico ($8.9B), and China ($7.17B).
Imports: In 2018 the top importers of Medical Instruments were United States ($24.5B), Germany ($10.2B), Netherlands ($9.42B), China ($7.81B), and Japan ($6.53B).
Tariffs: In 2018 the average tariff for Medical Instruments was 3.61%, been the 1065 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Medical Instruments are Bermuda (23.2%), Iran (15.2%), Aruba (12%), Cuba (10.1%), and Jamaica (10%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Tanzania (0%).
Ranking: Medical Instruments ranks 284th in the Product Complexity Index (PCI).