Medical Instruments9018 (Harmonized System 1992 for 4-digit)
World Trade (2018): $117B, Rnk 20 / 1225
Top Exporter (2018): $21.7B, United States
Top Importer (2018): $24.5B, United States
Product Complexity (2018): 0.69, Rnk 284 / 1018
Export Growth (CAGR)(2017 - 2018): 21.2%, Rnk 306 / 1225
Mean Tariff (2018): 3.61%, Rnk 1065 / 1259
Share of World Trade (2018): 0.64%, Rnk 20 / 1225
Overview: This page contains the latest trade data of Medical Instruments. 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).
Trade By Country
Top Origin (2018): United States, $21.7B
Top Destination (2018): United States, $24.5B
Medical Instruments are the world's 20th most traded product.
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).
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).
Trade by country
Top Origin Growth (2017 - 2018): Netherlands, $3.79B
Top Destination Growth (2017 - 2018): United States, $9.26B
Between 2017 and 2018, the exports of Medical Instruments grew the fastest in Netherlands ($3.79B), Mexico ($3.76B), United States ($2.41B), Germany ($1.66B), and Costa Rica ($1.49B).
Between 2017 and 2018, the fastest growing importers of Medical Instruments were United States ($9.26B), Netherlands ($1.36B), Germany ($1.17B), Japan ($820M), and China ($767M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Medical Instruments.
In 2018, market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Medical Instruments are explained by 20 countries.
TOP NET EXPORTER (2018): Mexico, $7.49B
TOP NET IMPORTER (2018): United States, $2.77B
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Medical Instruments were Mexico ($7.49B), Ireland ($5.3B), Germany ($5.3B), Costa Rica ($2.29B), and Switzerland ($1.82B).
In 2018, the countries that had a largest trade value in imports than in exports of Medical Instruments were United States ($2.77B), Spain ($1.85B), Russia ($1.6B), United Kingdom ($1.46B), and Brazil ($1.31B).
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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