The worldwide value of heart pacemaker exports increased by an average 20.3% for all exporting countries since 2017 when shipments of heart pacemakers were valued at $4.66 billion.
Year over year, the value of globally exported heart pacemakers accelerated by 28.2% compared to $4.38 billion during 2020.
The top 5 most lucrative countries from exporting heart pacemakers are Switzerland, Ireland, Netherlands, Germany, and Belgium. That quintet of major suppliers accounted for 85% of revenues from exported heart pacemakers during 2021.
Among continents, countries in Europe sold the highest dollar worth of exported heart pacemakers during 2021 with shipments valued at $5 billion or 89.1% of the global total. In second place were Asian exporters at 7.7%, with another 3% coming from North America.
Tinier percentages originated from shippers in Latin America (0.09%) excluding Mexico but including the Caribbean, Oceanian countries (also 0.09%) mostly Australia, trailed by Africa (0.02%).
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
Below are the 15 countries that exported the highest dollar value worth of heart pacemakers during 2021.
- Switzerland: US$1.21 billion (21.7% of exported heart pacemakers)
- Ireland: $1.16 billion (20.7%)
- Netherlands: $946.2 million (16.9%)
- Germany: $756.7 million (13.5%)
- Belgium: $692.6 million (12.3%)
- Malaysia: $287.4 million (5.1%)
- United States: $165.8 million (3%)
- Singapore: $139.4 million (2.5%)
- France: $113.6 million (2%)
- Italy: $77.4 million (1.4%)
- United Kingdom: $22.1 million (0.4%)
- Australia: $4.7 million (0.1%)
- Spain: $4.5 million (0.1%)
- Uruguay: $4 million (0.1%)
- Lithuania: $2.6 million (0.05%)
By value, the listed 15 countries shipped 99.7% of globally exported heart pacemakers in 2021.
Among the top exporters, the fastest-growing exporters of heart pacemakers since 2017 were: Malaysia (up 313.5%), United Kingdom (up 287.6%), Uruguay (up 200.7%) and the Netherlands (up 137.1%).
Those countries that posted declines in their international sales of heart pacemakers were led by: France (down -61.3%), Spain (down -47.2%), Lithuania (down -39.7%), Italy (down -38.1%) and Singapore (down -34.5%).
Countries Generating Best Trade Surpluses from Heart Pacemakers
The following countries posted the highest positive net exports for heart pacemakers during 2021. 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$1.1 billion (net export surplus up 61.7% since 2017)
- Ireland: $1 billion (down -11.2%)
- Germany: $389.1 million (up 73.7%)
- Netherlands: $363.9 million (down -382.6%)
- Malaysia: $282.3 million (up 339.6%)
- Belgium: $256.8 million (up 1.2%)
- Singapore: $100.9 million (down -48.6%)
- Uruguay: $2.3 million (down -1149.1%)
- United States Minor Outlying Islands: $446,000 (up 3330.8%)
- Dominica: $313,000 (2017 data unavailable)
- Saint Helena: $5,000 (2017 data unavailable)
Switzerland and Ireland posted the highest surpluses in the international trade of heart pacemakers for 2021. In turn, these positive cashflows confirm both countries’ strong competitive advantages for this specific product category.
Countries Causing Worst Trade Deficits from Heart Pacemakers
The following countries posted the highest negative net exports for heart pacemakers during 2021. 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$1.4 billion (net export deficit up 114.6% since 2017)
- France: -$279.7 million (down -1.0%)
- China: -$260.4 million (up 93.3%)
- Japan: -$245.2 million (down -31.0%)
- Italy: -$228.4 million (up 7.7%)
- Spain: -$130.4 million (up 20.9%)
- United Kingdom: -$104.4 million (down -41.5%)
- Australia: -$92.5 million (down -27.4%)
- Canada: -$51.1 million (up 4.9%)
- Czech Republic: -$43.5 million (up 6.9%)
- India: -$40.1 million (up 70.7%)
- Poland: -$38.1 million (down -8.6%)
- South Korea: -$34.6 million (up 56.5%)
- Portugal: -$33.1 million (up 23.4%)
- Austria: -$31.2 million (up 3.9%)
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.
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 September 22, 2022
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on September 22, 2022
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on September 22, 2022
International Trade Centre, Trade Map. Accessed on September 22, 2022
Investopedia, Net Exports Definition. Accessed on September 22, 2022
Wikipedia, Cardiac pacemaker. Accessed on September 22, 2022