2022
Exports
$2.32BWorld Rnk 17 / 224
Flag Rnk 26 / 1198
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$2.04BWorld Rnk 18 / 225
Flag Rnk 24 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $2.32B in Medical Instruments, making it the 17th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 26th most exported product in Singapore. The main destination of Medical Instruments exports from Singapore are: United States ($551M), China ($242M), India ($178M), Malaysia ($136M), and Thailand ($113M).

The fastest growing export markets for Medical Instruments of Singapore between 2021 and 2022 were Thailand ($74.8M), Chinese Taipei ($46.1M), and United Kingdom ($29.3M).

Imports In 2022, Singapore imported $2.04B in Medical Instruments, becoming the 18th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 24th most imported product in Singapore. Singapore imports Medical Instruments primarily from: United States ($815M), Mexico ($293M), China ($164M), Indonesia ($93.6M), and Malaysia ($85.8M).

The fastest growing import markets in Medical Instruments for Singapore between 2021 and 2022 were China ($42.9M), Ireland ($18M), and Costa Rica ($15.5M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (50) and Stihl (1) were at the forefront of shipping Medical Instruments from Singapore to the United States.

Latest Trends

Aug 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$2.32B
IMPORTS (2022)$2.04B
NET TRADE (2022)$286M

In 2022, Singapore exported $2.32B in Medical Instruments. The main destinations of Singapore exports on Medical Instruments were United States ($551M), China ($242M), India ($178M), Malaysia ($136M), and Thailand ($113M).

In 2022, Singapore imported $2.04B in Medical Instruments, mainly from United States ($815M), Mexico ($293M), China ($164M), Indonesia ($93.6M), and Malaysia ($85.8M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Thailand$74.8M (198%)
Chinese Taipei$46.1M (110%)
United Kingdom$29.3M (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Singapore WERE (2021 - 2022):
United States-$55.5M (-9.16%)
Hong Kong-$41.1M (-37.7%)
Japan-$33.4M (-24.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Singapore's main exporting competitors in Medical Instruments were:
In 2022, Singapore's main importing competitors in Medical Instruments were:

Explore Visualizations

Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $101M
TOP IMPORT POTENTIALChina+ $74.1M

Medical Instruments’s highest export potential is China. With an export gap of $101M.   Medical Instruments’s highest import potential is China with an import gap of $74.1M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with