The worldwide value of heart pacemaker exports declined by an average -19.5% for all exporting countries since 2016 when shipments of heart pacemakers were valued at $5.4 billion. From 2019 to 2020, the value of globally exported heart pacemakers fell by -11.1%.
Among continents, Europe sold the highest dollar worth of exported heart pacemakers during 2020 with shipments valued at $3.9 billion or 88.5% of the global total. In second place were Asian exporters at 9.7%.
Smaller percentages originated from shippers in North America (1.7%), Latin America (0.1%) excluding Mexico but including the Caribbean, Oceanian countries Australia and New Zealand (0.03%), trailed by Africa (0.01%).
For research purposes, the 6-digit Harmonized Tariff System code prefix is 902150 for full pacemakers that stimulate heart muscles. That code prefix excludes pacemaker parts and accessories.
Heart Pacemaker Export Sales by Country
Countries
Below are the 15 countries that exported the highest dollar value worth of heart pacemakers during 2020.
- Ireland: US$961.9 million (22% of exported heart pacemakers)
- Switzerland: $950.2 million (21.7%)
- Germany: $716.2 million (16.4%)
- Belgium: $568.9 million (13%)
- Malaysia: $356.1 million (8.1%)
- Netherlands: $310.9 million (7.1%)
- France: $269.7 million (6.2%)
- United States: $76.3 million (1.7%)
- Italy: $72.4 million (1.7%)
- Singapore: $60.4 million (1.4%)
- United Kingdom: $4.2 million (0.1%)
- Spain: $4 million (0.1%)
- Latvia: $3.2 million (0.1%)
- Uruguay: $3.1 million (0.1%)
- Poland: $2.3 million (0.1%)
By value, the listed 15 countries shipped 99.6% of globally exported heart pacemakers in 2020.
Among the top exporters, the sole growth suppliers since 2016 were: Malaysia (up 27,981%), Poland (up 992.5%), Uruguay (up 462.2%) and Latvia (up 27%).
Those countries that posted declines in their international sales of heart pacemakers were led by: Singapore (down -72.4%), United States (down -68.1%), United Kingdom (down -60.4%), Spain (down -54.4%) and Italy (down -42.3%).
Advantages
The following countries posted the highest positive net exports for heart pacemakers during 2020. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported heart pacemakers and its import purchases for that same commodity.
- Switzerland: US$890.8 million (net export surplus down -28% since 2016)
- Ireland: $822.6 million (down -20%)
- Malaysia: $346.7 million (reversing a -$2.4 million deficit)
- Germany: $329.9 million (up 95.5%)
- Belgium: $111 million (down -58.2%)
- Singapore: $31.8 million (down -84%)
- Uruguay: $1.7 million (down -264%)
- Dominica: $401,000 (no 2016 data)
- US Minor Outlying Islands: $329,000 (up 498.2%)
Overtaking Ireland, Switzerland posted the highest surplus in the international trade of heart pacemakers for 2020. In turn, this positive cashflow confirms Ireland’s strong competitive advantage for this specific product category.
Opportunities
The following countries posted the highest negative net exports for heart pacemakers during 2020. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported heart pacemaker purchases and its exports for that same commodity.
- United States: -US$923 million (net export deficit up 114% since 2016)
- France: -$283 million (down -7.6%)
- Japan: -$241.7 million (down -25.1%)
- United Kingdom: -$169.8 million (down -20.2%)
- Italy: -$169 million (down -22.2%)
- China: -$166.5 million (up 8.7%)
- Spain: -$110.1 million (down -8.2%)
- Australia: -$105.1 million (down -36.9%)
- Czech Republic: -$40.6 million (down -3%)
- Netherlands: -$40.5 million (down -79.1%)
- Canada: -$34.3 million (down -52.9%)
- Poland: -$30.6 million (down -33.9%)
- South Korea: -$29.7 million (up 51.9%)
- Turkey: -$29.6 million (down -21.5%)
- Portugal: -$27.8 million (up 4.3%)
The United States of America incurred the highest deficit in the international trade of heart pacemakers. In turn, this negative cashflow highlights America’s strong competitive disadvantage for this specific product category but also signals opportunities for heart pacemaker-supplying countries–particularly those in Europe–that help satisfy the powerful demand from American consumers.
Companies
Heart Pacemaker Exporting Companies
Below are global heart pacemaker-processing conglomerates that represent established players engaged in the international trade of heart pacemaker equipment. The home country for each country is shown within parenthesis.
- Biotronik (United States)
- Cardiac Pacemakers, Inc (United States)
- Guidant Corporation (United States)
- Medtronic (United States)
- St. Jude Medical (United States)
According to global trading platform Alibaba, the following suppliers are examples of heart pacemaker-trading exporters. The home-country location for each business is shown within parentheses.
- Dongguan Lei Bao Electronic Co Ltd (China)
- Dragon Medical Equipment ZJG Co Ltd (China)
- DSA Exports (India)
- Life Support Systems (India)
- Perlong Medical Equipment Co Ltd (China)
- Shenzhen HTWY Technology Co Ltd (China)
See also Hearing Aids Importers by Country, Top Artificial Joints Exporters by Country, Top Surveying Equipment Exporters by Country and Top Industrial Robots Exporters
Research Sources:
Alibaba, Supplier showroom for heart pacemaker. Accessed on January 17, 2022
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on January 17, 2022
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on January 17, 2022
International Trade Centre, Trade Map. Accessed on January 17, 2022
Investopedia, Net Exports Definition. Accessed on January 17, 2022
Wikipedia, Cardiac pacemaker. Accessed on January 17, 2022
