2022
Exports
$409MWorld Rnk 35 / 224
Flag Rnk 67 / 1208
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$2.65BWorld Rnk 13 / 225
Flag Rnk 13 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $409M in Medical Instruments, making it the 35th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 67th most exported product in Australia. The main destination of Medical Instruments exports from Australia are: New Zealand ($133M), United States ($50M), Singapore ($31.4M), Germany ($28.8M), and China ($22.1M).

The fastest growing export markets for Medical Instruments of Australia between 2021 and 2022 were United States ($11.5M), Switzerland ($8.16M), and Spain ($1.92M).

Imports In 2022, Australia imported $2.65B in Medical Instruments, becoming the 13th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 13th most imported product in Australia. Australia imports Medical Instruments primarily from: United States ($1.02B), China ($226M), Mexico ($219M), Germany ($208M), and Japan ($108M).

The fastest growing import markets in Medical Instruments for Australia between 2021 and 2022 were China ($35.6M), United States ($26.5M), and Ireland ($13.8M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Medical Instruments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$409M
IMPORTS (2022)$2.65B
NET TRADE (2022)-$2.24B

In 2022, Australia exported $409M in Medical Instruments. The main destinations of Australia exports on Medical Instruments were New Zealand ($133M), United States ($50M), Singapore ($31.4M), Germany ($28.8M), and China ($22.1M).

In 2022, Australia imported $2.65B in Medical Instruments, mainly from United States ($1.02B), China ($226M), Mexico ($219M), Germany ($208M), and Japan ($108M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United States$11.5M (30%)
Switzerland$8.16M (225%)
Spain$1.92M (174%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Australia WERE (2021 - 2022):
Germany-$14.5M (-33.4%)
Hong Kong-$13.9M (-77.8%)
Netherlands-$11.3M (-37.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Medical Instruments were:
In 2022, Australia's main importing competitors in Medical Instruments were:

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $42.8M
TOP IMPORT POTENTIALChina+ $81.3M

Medical Instruments’s highest export potential is United States. With an export gap of $42.8M.   Medical Instruments’s highest import potential is China with an import gap of $81.3M.

See methodology.

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