2022
Exports
$1.1BWorld Rnk 27 / 224
Flag Rnk 58 / 1211
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$877MWorld Rnk 29 / 225
Flag Rnk 66 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $1.1B in Medical Instruments, making it the 27th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 58th most exported product in Thailand. The main destination of Medical Instruments exports from Thailand are: United States ($389M), Japan ($212M), Germany ($61.6M), Netherlands ($41.4M), and China ($41.2M).

The fastest growing export markets for Medical Instruments of Thailand between 2021 and 2022 were United States ($113M), Netherlands ($19.5M), and Germany ($9.09M).

Imports In 2022, Thailand imported $877M in Medical Instruments, becoming the 29th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 66th most imported product in Thailand. Thailand imports Medical Instruments primarily from: United States ($157M), China ($132M), Singapore ($113M), Germany ($84.1M), and Japan ($71.1M).

The fastest growing import markets in Medical Instruments for Thailand between 2021 and 2022 were Singapore ($74.8M), United States ($11.8M), and Vietnam ($8.95M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (11) and Electrolux (5) were at the forefront of shipping Medical Instruments from Thailand to the United States.

Latest Trends

Aug 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 (2022)$1.1B
IMPORTS (2022)$877M
NET TRADE (2022)$221M

In 2022, Thailand exported $1.1B in Medical Instruments. The main destinations of Thailand exports on Medical Instruments were United States ($389M), Japan ($212M), Germany ($61.6M), Netherlands ($41.4M), and China ($41.2M).

In 2022, Thailand imported $877M in Medical Instruments, mainly from United States ($157M), China ($132M), Singapore ($113M), Germany ($84.1M), and Japan ($71.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
United States$113M (41.1%)
Netherlands$19.5M (88.7%)
Germany$9.09M (17.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Thailand WERE (2021 - 2022):
China-$46.1M (-52.8%)
Japan-$10.4M (-4.7%)
Russia-$5.24M (-38%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Medical Instruments were:
In 2022, Thailand'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+ $120M
TOP IMPORT POTENTIALChina+ $63.6M

Medical Instruments’s highest export potential is United States. With an export gap of $120M.   Medical Instruments’s highest import potential is China with an import gap of $63.6M.

See methodology.

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