2023
Exports
$9.06BWorld Rnk 6 / 217
Flag Rnk 7 / 1207
2023
PRODUCT COMPLEXITY IN Medical Instruments
0.73Rnk 272 / 1025
2023
Imports
$1.9BWorld Rnk 19 / 226
Flag Rnk 14 / 1213
2023
ECONOMIC COMPLEXITY of Ireland
1.31Rnk 17 / 132

About

Exports In 2023, Ireland exported $9.06B in Medical Instruments, making it the 6th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 7th most exported product in Ireland. The main destination of Medical Instruments exports from Ireland are: United States ($2.75B), Netherlands ($2.57B), Germany ($1.34B), United Kingdom ($493M), and China ($254M).

The fastest growing export markets for Medical Instruments of Ireland between 2022 and 2023 were Germany ($568M), Netherlands ($457M), and United States ($270M).

Imports In 2023, Ireland imported $1.9B in Medical Instruments, becoming the 19th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 14th most imported product in Ireland. Ireland imports Medical Instruments primarily from: United States ($725M), Germany ($201M), United Kingdom ($163M), Mexico ($141M), and Switzerland ($128M).

The fastest growing import markets in Medical Instruments for Ireland between 2022 and 2023 were United States ($131M), Germany ($74.9M), and Switzerland ($30.6M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (4) were at the forefront of shipping Medical Instruments from Ireland to the United States.

Latest Trends

Dec 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 (2023)$9.06B
IMPORTS (2023)$1.9B
NET TRADE (2023)$7.16B

In 2023, Ireland exported $9.06B in Medical Instruments. The main destinations of Ireland exports on Medical Instruments were United States ($2.75B), Netherlands ($2.57B), Germany ($1.34B), United Kingdom ($493M), and China ($254M).

In 2023, Ireland imported $1.9B in Medical Instruments, mainly from United States ($725M), Germany ($201M), United Kingdom ($163M), Mexico ($141M), and Switzerland ($128M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Ireland WERE (2022 - 2023):
Germany$568M (74%)
Netherlands$457M (21.6%)
United States$270M (10.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Ireland WERE (2022 - 2023):
Japan-$209M (-51%)
France-$36.8M (-36.3%)
South Korea-$25.2M (-61.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ireland's main exporting competitors in Medical Instruments were:
In 2023, Ireland'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 Kingdom+ $153M
TOP IMPORT POTENTIALGermany+ $55M

Medical Instruments’s highest export potential is United Kingdom. With an export gap of $153M.   Medical Instruments’s highest import potential is Germany with an import gap of $55M.

See methodology.

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