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2022
Exports $6.04BWorld Rnk 7 / 224
Flag Rnk 17 / 1213
2022
Destination $117M United States
2021 - 2022
FASTEST GROWING MARKET $117MUnited States
2022
PRODUCT COMPLEXITY IN Medical Instruments0.76Rnk 260 / 1025
2022
Imports $6.58BWorld Rnk 5 / 225
Flag Rnk 19 / 1214
2022
Origin $44.1M United States
2021 - 2022
FASTEST GROWING ORIGIN $44.1MChina
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $6.04B in Medical Instruments, making it the 7th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 17th most exported product in Japan. The main destination of Medical Instruments exports from Japan are: United States ($1.87B), China ($1.08B), Germany ($448M), Belgium ($285M), and Netherlands ($256M).

The fastest growing export markets for Medical Instruments of Japan between 2021 and 2022 were United States ($117M), Vietnam ($72M), and Belgium ($42.3M).

Imports In 2022, Japan imported $6.58B in Medical Instruments, becoming the 5th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 19th most imported product in Japan. Japan imports Medical Instruments primarily from: United States ($2.45B), China ($726M), Germany ($388M), Netherlands ($320M), and Ireland ($305M).

The fastest growing import markets in Medical Instruments for Japan between 2021 and 2022 were China ($44.1M), United States ($28.8M), and Ireland ($23.8M).

Latest Trends

August 2024

About

Overview In August 2024 Japan's Medical Instruments exports accounted up to ¥63.3B and imports accounted up to ¥82.6B, resulting in a negative trade balance of ¥19.4B. Between August 2023 and August 2024 the exports of Japan's   Medical Instruments have decreased by ¥-4.06B (-6.03%) from ¥67.3B to ¥63.3B, while imports decreased by ¥-1.35B (-1.61%) from ¥84B to ¥82.6B.

Destinations In August 2024, Medical Instruments were exported mostly to United States (¥20.1B), China (¥8.84B), Germany (¥7.23B), Netherlands (¥3.33B), and Belgium (¥2.75B), and were imported mostly from United States (¥24.6B), Mexico (¥10.2B), China (¥8.85B), Germany (¥5.98B), and Ireland (¥5.09B).

Growth In August 2024, the decrease in Medical Instruments's year-by-year exports was explained primarily by a decrease in exports to United States (¥-377M or -2.39%), Russia (¥-337M or -54.7%), and Belgium (¥-325M or -9.78%). In August 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 (August 2023 - August 2024)¥-4.06B(-6.03%)
IMPORT GROWTH (August 2023 - August 2024)¥-1.35B(-1.61%)
MAIN EXPORTER (August 2024)Kanagawa¥25.5B
MAIN DESTINATION (August 2024)United States¥20.1B

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 (2022)$6.04B
IMPORTS (2022)$6.58B
NET TRADE (2022)-$540M

In 2022, Japan exported $6.04B in Medical Instruments. The main destinations of Japan exports on Medical Instruments were United States ($1.87B), China ($1.08B), Germany ($448M), Belgium ($285M), and Netherlands ($256M).

In 2022, Japan imported $6.58B in Medical Instruments, mainly from United States ($2.45B), China ($726M), Germany ($388M), Netherlands ($320M), and Ireland ($305M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$117M (6.66%)
Vietnam$72M (98.6%)
Belgium$42.3M (17.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Japan WERE (2021 - 2022):
China-$175M (-14%)
Germany-$90.7M (-16.8%)
Russia-$30.6M (-39.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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

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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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