Medical Instruments in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $788M in Medical Instruments, making it the 29th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 111th most exported product in Spain. The main destination of Medical Instruments exports from Spain are: Portugal ($184M), Belgium ($116M), United States ($90.8M), France ($67.8M), and Netherlands ($35.2M).

The fastest growing export markets for Medical Instruments of Spain between 2021 and 2022 were United States ($18.1M), Netherlands ($6.7M), and Japan ($4.37M).

Imports In 2022, Spain imported $2.92B in Medical Instruments, becoming the 12th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 21st most imported product in Spain. Spain imports Medical Instruments primarily from: Germany ($588M), Netherlands ($579M), United States ($376M), France ($192M), and Belgium ($184M).

The fastest growing import markets in Medical Instruments for Spain between 2021 and 2022 were United States ($230M), Ireland ($29.4M), and Netherlands ($27.9M).

COMPANIES In 2023, leading companies such as BAXTER HEALTHCARE CORPORATION (1) were at the forefront of shipping Medical Instruments from Spain to the United States.

Latest Trends

February 2024

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Overview In February 2024 Spain's Medical Instruments exports accounted up to €58.3M and imports accounted up to €277M, resulting in a negative trade balance of €219M. Between February 2023 and February 2024 the exports of Spain's Medical Instruments have decreased by €-2.39M (-3.94%) from €60.7M to €58.3M, while imports increased by €44.8M (19.2%) from €233M to €277M.

Destinations In February 2024, Medical Instruments were exported mostly to Portugal (€14.8M), France (€6.96M), United States (€6.48M), Germany (€4.62M), and United Kingdom (€2.71M), and were imported mostly from United States (€56.2M), Netherlands (€53.4M), Germany (€35.1M), France (€15.3M), and Italy (€15.3M).

Growth In February 2024, the decrease in Medical Instruments's year-by-year exports was explained primarily by a decrease in exports to Belgium (€-3.41M or -26.6%), Singapore (€-259k or -54.2%), and United Kingdom (€-259k or -14.6%). In February 2024, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Netherlands (€6.84M or 21.4%), United Kingdom (€5.3M or 355%), and Germany (€3.55M or 11.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-2.39M(-3.94%)

IMPORT GROWTH (February 2023 - February 2024)€44.8M(19.2%)

MAIN EXPORTER (February 2024)Madrid€24.6M

MAIN DESTINATION (February 2024)Portugal€14.8M

This section shows Medical Instruments's exports and imports data at subnational level for Spain. 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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