2023
Exports
$61.4MWorld Rnk 54 / 217
Flag Rnk 81 / 1166
2023
PRODUCT COMPLEXITY IN Medical Instruments
0.73Rnk 272 / 1025
2023
Imports
$426MWorld Rnk 47 / 226
Flag Rnk 10 / 1196
2023
ECONOMIC COMPLEXITY of New Zealand
0.48Rnk 43 / 132

About

Exports In 2023, New Zealand exported $61.4M in Medical Instruments, making it the 54th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 81st most exported product in New Zealand. The main destination of Medical Instruments exports from New Zealand are: Australia ($14.1M), United States ($11.3M), Fiji ($6.79M), United Kingdom ($4.31M), and China ($2.68M).

The fastest growing export markets for Medical Instruments of New Zealand between 2022 and 2023 were United Kingdom ($1.71M), Fiji ($1.23M), and Costa Rica ($355k).

Imports In 2023, New Zealand imported $426M in Medical Instruments, becoming the 47th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 10th most imported product in New Zealand. New Zealand imports Medical Instruments primarily from: United States ($111M), Australia ($61.5M), Mexico ($32.9M), China ($31.8M), and Germany ($28M).

The fastest growing import markets in Medical Instruments for New Zealand between 2022 and 2023 were Singapore ($10.2M), Germany ($7.32M), and Japan ($5.2M).

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)$61.4M
IMPORTS (2023)$426M
NET TRADE (2023)-$364M

In 2023, New Zealand exported $61.4M in Medical Instruments. The main destinations of New Zealand exports on Medical Instruments were Australia ($14.1M), United States ($11.3M), Fiji ($6.79M), United Kingdom ($4.31M), and China ($2.68M).

In 2023, New Zealand imported $426M in Medical Instruments, mainly from United States ($111M), Australia ($61.5M), Mexico ($32.9M), China ($31.8M), and Germany ($28M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR New Zealand WERE (2022 - 2023):
United Kingdom$1.71M (66%)
Fiji$1.23M (22.1%)
Costa Rica$355k (59.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY New Zealand WERE (2022 - 2023):
United States-$1.84M (-14%)
China-$1.68M (-38.5%)
Mexico-$1.57M (-95.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, New Zealand's main exporting competitors in Medical Instruments were:
In 2023, New Zealand'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 States+ $13.5M
TOP IMPORT POTENTIALChina+ $17.9M

Medical Instruments’s highest export potential is United States. With an export gap of $13.5M.   Medical Instruments’s highest import potential is China with an import gap of $17.9M.

See methodology.

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