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2023
Exports $1.29BWorld Rnk 25 / 217
Flag Rnk 73 / 1212
2023
Destination $36M United States
2022 - 2023
FASTEST GROWING MARKET $36MCosta Rica
2023
PRODUCT COMPLEXITY IN Medical Instruments0.73Rnk 272 / 1025
2023
Imports $3.74BWorld Rnk 11 / 226
Flag Rnk 19 / 1211
2023
Origin $148M United States
2022 - 2023
FASTEST GROWING ORIGIN $148MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $1.29B in Medical Instruments, making it the 25th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 73rd most exported product in Canada. The main destination of Medical Instruments exports from Canada are: United States ($876M), Germany ($54.9M), Costa Rica ($45.6M), China ($30.3M), and United Kingdom ($27.2M).

The fastest growing export markets for Medical Instruments of Canada between 2022 and 2023 were Costa Rica ($36M), Germany ($14.4M), and Netherlands ($10.2M).

Imports In 2023, Canada imported $3.74B in Medical Instruments, becoming the 11th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 19th most imported product in Canada. Canada imports Medical Instruments primarily from: United States ($1.88B), Mexico ($482M), Germany ($207M), Japan ($166M), and China ($154M).

The fastest growing import markets in Medical Instruments for Canada between 2022 and 2023 were United States ($148M), Mexico ($79.2M), and Dominican Republic ($32.8M).

Latest Trends

December 2024

About

Overview In December 2024 Canada's Medical Instruments exports accounted up to C$153M and imports accounted up to C$503M, resulting in a negative trade balance of C$349M. Between December 2023 and December 2024 the exports of Canada's   Medical Instruments have increased by C$39.2M (34.3%) from C$114M to C$153M, while imports increased by C$3.59M (0.72%) from C$499M to C$503M.

Destinations In December 2024, Medical Instruments were exported mostly to United States (C$128M), Netherlands (C$3.59M), Costa Rica (C$3.2M), Germany (C$3.17M), and China (C$1.9M), and were imported mostly from United States (C$219M), Mexico (C$68.5M), Germany (C$36.4M), Japan (C$22.8M), and China (C$19.9M).

Growth In December 2024, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Netherlands (C$1.09M or 63.5%), Australia (C$796k or 199%), and Chinese Taipei (C$791k or 6.38k%). In December 2024, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from United States (C$33.5M or 18%), Costa Rica (C$2.9M or 17.7%), and Germany (C$2.46M or 8.49%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$39.2M(34.3%)
IMPORT GROWTH (December 2023 - December 2024)C$3.59M(0.72%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$128M

This section shows Medical Instruments's exports and imports data at subnational level for Canada. 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 (2023)$1.29B
IMPORTS (2023)$3.74B
NET TRADE (2023)-$2.46B

In 2023, Canada exported $1.29B in Medical Instruments. The main destinations of Canada exports on Medical Instruments were United States ($876M), Germany ($54.9M), Costa Rica ($45.6M), China ($30.3M), and United Kingdom ($27.2M).

In 2023, Canada imported $3.74B in Medical Instruments, mainly from United States ($1.88B), Mexico ($482M), Germany ($207M), Japan ($166M), and China ($154M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Costa Rica$36M (378%)
Germany$14.4M (35.6%)
Netherlands$10.2M (65%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Canada WERE (2022 - 2023):
United States-$138M (-13.6%)
Japan-$63.1M (-84.2%)
South Korea-$5.59M (-62.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Medical Instruments were:
United States $34.8B
Germany $18.4B
Mexico $17.6B
In 2023, Canada's main importing competitors in Medical Instruments were:
United States $37.7B
Netherlands $14.1B
Germany $13.1B

Explore Visualizations

Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $496M
TOP IMPORT POTENTIALUnited States+ $534M

Medical Instruments’s highest export potential is United States. With an export gap of $496M.   Medical Instruments’s highest import potential is United States with an import gap of $534M.

See methodology.

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