2022
Exports
$3.45BWorld Rnk 11 / 224
Flag Rnk 13 / 1213
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$5.58BWorld Rnk 7 / 225
Flag Rnk 11 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $3.45B in Medical Instruments, making it the 11th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 13th most exported product in Belgium. The main destination of Medical Instruments exports from Belgium are: France ($534M), Italy ($360M), Germany ($338M), Netherlands ($226M), and Spain ($184M).

The fastest growing export markets for Medical Instruments of Belgium between 2021 and 2022 were Russia ($43.4M), Saudi Arabia ($33.3M), and Austria ($26M).

Imports In 2022, Belgium imported $5.58B in Medical Instruments, becoming the 7th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 11th most imported product in Belgium. Belgium imports Medical Instruments primarily from: United States ($1.67B), Mexico ($947M), Netherlands ($473M), Germany ($313M), and Costa Rica ($294M).

The fastest growing import markets in Medical Instruments for Belgium between 2021 and 2022 were Mexico ($524M), Japan ($42.3M), and Vietnam ($32.9M).

COMPANIES In 2023, leading companies such as John Deere (6) and Schindler Elevators (3) were at the forefront of shipping Medical Instruments from Belgium to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€40.6M(14.8%)
IMPORT GROWTH (July 2023 - July 2024)€76.6M(28.4%)
MAIN DESTINATION (July 2024)Germany€43M

This section shows Medical Instruments's exports and imports data at subnational level for Belgium. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Medical Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.45B
IMPORTS (2022)$5.58B
NET TRADE (2022)-$2.13B

In 2022, Belgium exported $3.45B in Medical Instruments. The main destinations of Belgium exports on Medical Instruments were France ($534M), Italy ($360M), Germany ($338M), Netherlands ($226M), and Spain ($184M).

In 2022, Belgium imported $5.58B in Medical Instruments, mainly from United States ($1.67B), Mexico ($947M), Netherlands ($473M), Germany ($313M), and Costa Rica ($294M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Russia$43.4M (60.1%)
Saudi Arabia$33.3M (69.7%)
Austria$26M (68.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Belgium WERE (2021 - 2022):
United Kingdom-$170M (-53.1%)
Germany-$169M (-33.3%)
Netherlands-$74M (-24.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $291M
TOP IMPORT POTENTIALGermany+ $323M

Medical Instruments’s highest export potential is Germany. With an export gap of $291M.   Medical Instruments’s highest import potential is Germany with an import gap of $323M.

See methodology.

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