HS Icon Medical Instruments

9018 (Harmonized System 1992 for 4-digit)

World Trade (2019): $136B, Rnk 16 / 1217

Top Exporter (2019): $29.5B, United States

Top Importer (2019): $28.3B, United States

Product Complexity (2019): 0.61, Rnk 299 / 961

Export Growth (CAGR)(2018 - 2019): 5.22%, Rnk 151 / 1217

Mean Tariff (2018): 3.61%, Rnk 1065 / 1259

Share of World Trade (2019): 0.75%, Rnk 16 / 1217

Overview:  This page contains the latest trade data of Medical Instruments. In 2019, Medical Instruments were the world's 16th most traded product, with a total trade of $136B. Between 2018 and 2019 the exports of Medical Instruments grew by 5.22%, from  $129B to $136B. Trade in Medical Instruments represent 0.75% of total world trade.

Exports: In 2019 the top exporters of Medical Instruments  were United States ($29.5B), Germany ($16.3B), Mexico ($11.7B), Netherlands ($10.4B), and China ($7.78B).

Imports: In 2019 the top importers of Medical Instruments were United States ($28.3B), Germany ($10.5B), Netherlands ($9.89B), China ($9.18B), and Japan ($6.8B).

Tariffs: In 2018 the average tariff for Medical Instruments was 3.61%, making it the 1065th 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 299th 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.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $29.5B

Top Destination (2019): United States, $28.3B

Medical Instruments are the world's 16th most traded product.

In 2019, the top exporters of Medical Instruments were United States ($29.5B), Germany ($16.3B), Mexico ($11.7B), Netherlands ($10.4B), and China ($7.78B).

In 2019, the top importers of Medical Instruments were United States ($28.3B), Germany ($10.5B), Netherlands ($9.89B), China ($9.18B), and Japan ($6.8B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $1.25B

Top Destination Growth (2018 - 2019): United States, $1.95B

Between 2018 and 2019, the exports of Medical Instruments grew the fastest in United States ($1.25B), Netherlands ($1B), Mexico ($896M), Germany ($720M), and China ($599M).

Between 2018 and 2019, the fastest growing importers of Medical Instruments were United States ($1.95B), China ($1B), Netherlands ($456M), Mexico ($377M), and Germany ($357M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Medical Instruments.

In 2019,  market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Medical Instruments are explained by 20 countries.

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TOP NET EXPORTER (2019): Mexico, $8.28B

TOP NET IMPORTER (2019): Spain, $1.94B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Medical Instruments were Mexico ($8.28B), Germany ($5.73B), Ireland ($5.71B), Costa Rica ($2.57B), and Switzerland ($1.72B).

In 2019, the countries that had a largest trade value in imports than in exports of Medical Instruments were Spain ($1.94B), France ($1.93B), Australia ($1.88B), Russia ($1.87B), and Canada ($1.78B).

Disaggregation

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Value

In 2019, the world most traded Medical Instruments, disaggragated by their HS6 level were Instruments, appliances for medical, etc science,... ($59.1B), Needles, catheters, cannulae etc, (medical) ($32.6B), Electro-diagnostic apparatus, nes ($23B), Syringes, with or without needles ($5.62B), and Instruments and appliances, used in dentistry ($5.49B)

Import Tariffs

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In 2018, the average tariff for importing Medical Instruments was 3.61%.  The countries with the highest tariffs for importing Medical Instruments were Bermuda (23.2%), Iran (15.2%), Aruba (12%), Cuba (10.1%), and Jamaica (10%).

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Product Complexity

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Diversification Frontier

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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.