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2022
Exports $3.08BWorld Rnk 12 / 224
Flag Rnk 25 / 1216
2022
Destination $78.9M Germany
2021 - 2022
FASTEST GROWING MARKET $78.9MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Medical Instruments0.76Rnk 260 / 1025
2022
Imports $5.52BWorld Rnk 8 / 225
Flag Rnk 17 / 1214
2022
Origin $348M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $348MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $3.08B in Medical Instruments, making it the 12th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 25th most exported product in United Kingdom. The main destination of Medical Instruments exports from United Kingdom are: Germany ($573M), United States ($567M), Netherlands ($455M), Belgium ($273M), and Ireland ($198M).

The fastest growing export markets for Medical Instruments of United Kingdom between 2021 and 2022 were United Kingdom ($78.9M), Pakistan ($10.7M), and Brazil ($4.52M).

Imports In 2022, United Kingdom imported $5.52B in Medical Instruments, becoming the 8th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 17th most imported product in United Kingdom. United Kingdom imports Medical Instruments primarily from: Netherlands ($1.21B), United States ($920M), Germany ($693M), Ireland ($413M), and China ($369M).

The fastest growing import markets in Medical Instruments for United Kingdom between 2021 and 2022 were United States ($348M), Ireland ($164M), and Mexico ($118M).

COMPANIES In 2023, leading companies such as Amazon (6) were at the forefront of shipping Medical Instruments from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Medical Instruments exports accounted up to £209M and imports accounted up to £366M, resulting in a negative trade balance of £157M. Between August 2023 and August 2024 the exports of United Kingdom's   Medical Instruments have increased by £7.19M (3.57%) from £201M to £209M, while imports increased by £11.5M (3.26%) from £354M to £366M.

Destinations In August 2024, Medical Instruments were exported mostly to Germany (£45.3M), United States (£43.4M), Netherlands (£34.5M), Belgium (£16.1M), and Ireland (£14.9M), and were imported mostly from Netherlands (£112M), Germany (£59.3M), United States (£42.3M), Belgium (£26.8M), and Ireland (£26M).

Growth In August 2024, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Netherlands (£13M or 63.3%), Germany (£9.64M or 38.3%), and Belgium (£6.71M or 35.1%). In August 2024, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from United States (£14.6M or 40.2%), France (£3.77M or 27.9%), and Costa Rica (£3.71M or 720%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£7.19M(3.57%)
IMPORT GROWTH (August 2023 - August 2024)£11.5M(3.26%)
MAIN EXPORTER (August 2024)Dover Eurotunnel£74.8M
MAIN DESTINATION (August 2024)Germany£45.3M

This section shows Medical Instruments's exports and imports data at subnational level for United Kingdom. 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)$3.08B
IMPORTS (2022)$5.52B
NET TRADE (2022)-$2.44B

In 2022, United Kingdom exported $3.08B in Medical Instruments. The main destinations of United Kingdom exports on Medical Instruments were Germany ($573M), United States ($567M), Netherlands ($455M), Belgium ($273M), and Ireland ($198M).

In 2022, United Kingdom imported $5.52B in Medical Instruments, mainly from Netherlands ($1.21B), United States ($920M), Germany ($693M), Ireland ($413M), and China ($369M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$78.9M (228%)
Pakistan$10.7M (258%)
Brazil$4.52M (60.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY United Kingdom WERE (2021 - 2022):
Ireland-$55.7M (-22%)
Netherlands-$47.4M (-9.43%)
Belgium-$21.4M (-7.28%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Medical Instruments were:
United States $33.3B
Germany $17.6B
Mexico $14.1B
In 2022, United Kingdom'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 POTENTIALUnited States+ $226M
TOP IMPORT POTENTIALGermany+ $211M

Medical Instruments’s highest export potential is United States. With an export gap of $226M.   Medical Instruments’s highest import potential is Germany with an import gap of $211M.

See methodology.

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