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2023
Exports $7.21BWorld Rnk 7 / 217
Flag Rnk 16 / 1209
2023
Destination $230M United States
2022 - 2023
FASTEST GROWING MARKET $230MChina
2023
PRODUCT COMPLEXITY IN Medical Instruments0.73Rnk 272 / 1025
2023
Imports $6.47BWorld Rnk 5 / 226
Flag Rnk 18 / 1209
2023
Origin $676M United States
2022 - 2023
FASTEST GROWING ORIGIN $676MUnited States
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $7.21B in Medical Instruments, making it the 7th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 16th most exported product in Japan. The main destination of Medical Instruments exports from Japan are: United States ($1.94B), China ($1.16B), Germany ($685M), Netherlands ($309M), and Belgium ($225M).

The fastest growing export markets for Medical Instruments of Japan between 2022 and 2023 were China ($230M), Vietnam ($84.5M), and India ($83.4M).

Imports In 2023, Japan imported $6.47B in Medical Instruments, becoming the 5th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 18th most imported product in Japan. Japan imports Medical Instruments primarily from: United States ($2.8B), China ($644M), Netherlands ($612M), Germany ($368M), and Costa Rica ($336M).

The fastest growing import markets in Medical Instruments for Japan between 2022 and 2023 were United States ($676M), Netherlands ($522M), and Singapore ($89.8M).

Latest Trends

November 2024

About

Overview In November 2024 Japan's Medical Instruments exports accounted up to ¥75.1B and imports accounted up to ¥89.5B, resulting in a negative trade balance of ¥14.4B. Between November 2023 and November 2024 the exports of Japan's   Medical Instruments have increased by ¥1.05B (1.41%) from ¥74B to ¥75.1B, while imports decreased by ¥-2.12B (-2.31%) from ¥91.6B to ¥89.5B.

Destinations In November 2024, Medical Instruments were exported mostly to United States (¥24.2B), China (¥12.3B), Germany (¥8.01B), Netherlands (¥3.51B), and Belgium (¥3.06B), and were imported mostly from United States (¥27.6B), China (¥9.59B), Mexico (¥8.22B), Germany (¥6.97B), and Costa Rica (¥6.23B).

Growth In November 2024, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to China (¥2.25B or 28.3%), Germany (¥731M or 15.4%), and Netherlands (¥594M or 27.4%). In November 2024, the decrease in Medical Instruments's year-by-year imports was explained primarily by a decrease in imports from Netherlands (¥-349M or -27.6%), Canada (¥-277M or -18.9%), and Costa Rica (¥-268M or -7.08%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥1.05B(1.41%)
IMPORT GROWTH (November 2023 - November 2024)¥-2.12B(-2.31%)
MAIN EXPORTER (November 2024)Kanagawa¥28.7B
MAIN DESTINATION (November 2024)United States¥24.2B

This section shows Medical Instruments's exports and imports data at subnational level for Japan. 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)$7.21B
IMPORTS (2023)$6.47B
NET TRADE (2023)$740M

In 2023, Japan exported $7.21B in Medical Instruments. The main destinations of Japan exports on Medical Instruments were United States ($1.94B), China ($1.16B), Germany ($685M), Netherlands ($309M), and Belgium ($225M).

In 2023, Japan imported $6.47B in Medical Instruments, mainly from United States ($2.8B), China ($644M), Netherlands ($612M), Germany ($368M), and Costa Rica ($336M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Japan WERE (2022 - 2023):
China$230M (24.7%)
Vietnam$84.5M (91.3%)
India$83.4M (92%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Japan WERE (2022 - 2023):
United States-$200M (-9.33%)
United Kingdom-$106M (-50%)
Spain-$35.3M (-48.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Medical Instruments were:
United States $34.8B
Germany $18.4B
Mexico $17.6B
In 2023, Japan'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 POTENTIALChina+ $316M
TOP IMPORT POTENTIALChina+ $310M

Medical Instruments’s highest export potential is China. With an export gap of $316M.   Medical Instruments’s highest import potential is China with an import gap of $310M.

See methodology.

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