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902150 (Harmonized System 1992 for 6-digit)

2023
World Trade $7BRnk 531 / 4644
2023
Top Exporter | Top ImporterfalseN/A | United States
2023
Product Complexity 1.32Rnk 314 / 4656
2022 - 2023
Export Growth (CAGR) 2.75%Rnk 1250 / 4644
2023
Share of World Trade 0.031%Rnk 531 / 4644

About

Overview This page contains the latest trade data of Pacemakers for stimulating heart muscles. In 2023, Pacemakers for stimulating heart muscles were the world's 531st most traded product, with a total trade of $7B. Between 2022 and 2023 the exports of Pacemakers for stimulating heart muscles grew by 2.75%, from $6.81B to $7B. Trade in Pacemakers for stimulating heart muscles represent 0.031% of total world trade.

Pacemakers for stimulating heart muscles are a part of Orthopedic Appliances.

Exports In 2023 the top exporters of Pacemakers for stimulating heart muscles  were N/A.

Imports In 2023 the top importers of Pacemakers for stimulating heart muscles were United States ($1.94B), Netherlands ($1.03B), Belgium ($457M), China ($429M), and United Kingdom ($353M).

Ranking Pacemakers for stimulating heart muscles ranks 314th in the Product Complexity Index (PCI).

Description A pacemaker for the heart is a medical device that helps to regulate the patient's heart rate by sending an electric signal to the heart. This can be used for a variety of reasons, such as for people who have problems with their heart rate that are not caused by a heart attack or other heart disease. For example, a pacemaker may be used for a patient with an irregular heartbeat.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Pacemakers for stimulating heart muscles. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Destination (2023)United States$1.94B

In 2023 Pacemakers for stimulating heart muscles were the world's 531st most traded product (out of 4,644).

In 2023, the top importers of Pacemakers for stimulating heart muscles were United States ($1.94B), Netherlands ($1.03B), Belgium ($457M), China ($429M), and United Kingdom ($353M).

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Exporters of Pacemakers for stimulating heart muscles (2023)
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Importers of Pacemakers for stimulating heart muscles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Singapore$185M
Top Destination Growth (2022 -  2023)United Kingdom$162M

Between 2022 and 2023, the exports of Pacemakers for stimulating heart muscles grew the fastest in Singapore ($185M), Ireland ($85.9M), Netherlands ($48.2M), Germany ($17.2M), and United Kingdom ($8.44M).

Between 2022 and 2023, the fastest growing importers of Pacemakers for stimulating heart muscles were United Kingdom ($162M), Australia ($58.5M), Italy ($47.8M), China ($44.2M), and Singapore ($27.5M).

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Exporters of Pacemakers for stimulating heart muscles (2022 - 2023)

Importers of Pacemakers for stimulating heart muscles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pacemakers for stimulating heart muscles.

In 2023, market concentration measured using Shannon Entropy, was 3.08. This means that most of the exports of Pacemakers for stimulating heart muscles are explained by 8 countries.

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Value of Exports in Pacemakers for stimulating heart muscles

Net Trade

TOP NET EXPORTER (2023)Switzerland$1.77B
TOP NET IMPORTER (2023)United States$1.63B

This map shows which countries export or import more of Pacemakers for stimulating heart muscles. Each country is colored based on the difference in exports and imports of Pacemakers for stimulating heart muscles during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Pacemakers for stimulating heart muscles were Switzerland ($1.77B), Ireland ($1.2B), Malaysia ($658M), Singapore ($545M), and Germany ($320M).

In 2023, the countries that had a largest trade value in imports than in exports of Pacemakers for stimulating heart muscles were United States ($1.63B), China ($418M), United Kingdom ($326M), Japan ($292M), and Netherlands ($247M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Pacemakers for stimulating heart muscles.
It is possible to select the main countries that export or import Pacemakers for stimulating heart muscles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Pacemakers for stimulating heart muscles by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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