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2022
Exports $788MWorld Rnk 29 / 224
Flag Rnk 111 / 1214
2022
Destination $18.1M Portugal
2021 - 2022
FASTEST GROWING MARKET $18.1MUnited States
2022
PRODUCT COMPLEXITY IN Medical Instruments0.76Rnk 260 / 1025
2022
Imports $2.92BWorld Rnk 12 / 225
Flag Rnk 21 / 1214
2022
Origin $230M Germany
2021 - 2022
FASTEST GROWING ORIGIN $230MUnited States
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

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 (1) were at the forefront of shipping Medical Instruments from Spain to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Spain's Medical Instruments exports accounted up to €71.1M and imports accounted up to €302M, resulting in a negative trade balance of €231M. Between October 2023 and October 2024 the exports of Spain's   Medical Instruments have increased by €5.46M (8.33%) from €65.6M to €71.1M, while imports increased by €53M (21.3%) from €249M to €302M.

Destinations In October 2024, Medical Instruments were exported mostly to Portugal (€20.1M), France (€7.9M), United States (€7.19M), Netherlands (€4.04M), and Germany (€3.92M), and were imported mostly from Netherlands (€61M), United States (€58.3M), Germany (€43.3M), France (€16.1M), and Italy (€13M).

Growth In October 2024, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Portugal (€3.59M or 33%), United States (€1.27M or 28.7%), and India (€1.02M or 345%). In October 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
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€5.46M(8.33%)
IMPORT GROWTH (October 2023 - October 2024)€53M(21.3%)
MAIN EXPORTER (October 2024)Madrid€31.3M
MAIN DESTINATION (October 2024)Portugal€20.1M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$788M
IMPORTS (2022)$2.92B
NET TRADE (2022)-$2.13B

In 2022, Spain exported $788M in Medical Instruments. The main destinations of Spain exports on Medical Instruments were Portugal ($184M), Belgium ($116M), United States ($90.8M), France ($67.8M), and Netherlands ($35.2M).

In 2022, Spain imported $2.92B in Medical Instruments, mainly from Germany ($588M), Netherlands ($579M), United States ($376M), France ($192M), and Belgium ($184M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Spain WERE (2021 - 2022):
United States$18.1M (24.9%)
Netherlands$6.7M (23.5%)
Japan$4.37M (54.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Spain WERE (2021 - 2022):
Belgium-$23.2M (-16.7%)
Hungary-$13.9M (-93.4%)
Italy-$9.48M (-32.7%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Medical Instruments were:
United States $33.3B
Germany $17.6B
Mexico $14.1B
In 2022, Spain's main importing competitors in Medical Instruments were:
United States $34.7B
Netherlands $12.9B
Germany $11.4B

Explore Visualizations

Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $71.8M
TOP IMPORT POTENTIALFrance+ $91.8M

Medical Instruments’s highest export potential is United States. With an export gap of $71.8M.   Medical Instruments’s highest import potential is France with an import gap of $91.8M.

See methodology.

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