The worldwide value of heart pacemaker exports grew by an average 28.8% for all exporting countries since 5 years earlier in 2019 when shipments of heart pacemakers were valued at $4.92 billion.
Year over year, the value of globally exported heart pacemakers increased by 2.8% compared to $6.16 billion starting from 2022.
The top 5 most lucrative countries for exporting heart pacemakers are the Netherlands, Switzerland, Ireland, Belgium and Singapore. That quintet of major suppliers accounted for 82.4% of revenues from exported heart pacemakers during 2023.
Among continents, countries in Europe sold the highest dollar worth of exported heart pacemakers during 2023 with shipments valued at $5.2 billion or 81.9% of the global total. In second place were exporters located in Asia at 14.7%, with another 3.2% coming from sellers in North America (mostly the United States).
Tinier percentages originated from shippers in Oceania’s Australia (0.12%), trailed by those located in Latin America (0.09%) excluding Mexico but including the Caribbean, and 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
Below are the 15 countries that exported the highest dollar value worth of heart pacemakers during 2023.
- Netherlands: US$1.42 billion (22.3% of exported heart pacemakers)
- Switzerland: $1.39 billion (21.9%)
- Ireland: $1.1 billion (17.3%)
- Belgium: $615.4 million (9.7%)
- Singapore: $580.6 million (9.2%)
- Germany: $536.6 million (8.5%)
- Malaysia: $332 million (5.2%)
- United States: $201.4 million (3.2%)
- Italy: $77.9 million (1.2%)
- United Kingdom: $20.1 million (0.3%)
- France: $19.6 million (0.3%)
- mainland China: $8.9 million (0.1%)
- Australia: $7.8 million (0.1%)
- Spain: $6.3 million (0.1%)
- Uruguay: $4.1 million (0.1%)
By value, the listed 15 countries shipped 99.6% of globally exported heart pacemakers in 2023.
Among the top exporters, the fastest-growing exporters of heart pacemakers since 2019 were: United Kingdom (up 570.9%), Singapore (up 417.6%), Australia (up 275.7%) and mainland China (up 264%).
Listed suppliers that posted 5-year declines in their international sales of heart pacemakers were: France (down -93.7%), Germany (down -34%), Malaysia (down -32.6%), Italy (down -21%) and Ireland (down -0.1%).
Countries Generating Best Trade Surpluses from Heart Pacemakers
The following countries posted the highest positive net exports for heart pacemakers during 2023. 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$1.3 billion (net export surplus up 69% since 2019)
- Ireland: $926.3 million (down -6.6%)
- Singapore: $534.6 million (up 491.9%)
- Germany: $371.1 million (up 0.4%)
- Malaysia: $323.9 million (down -33.3%)
- Netherlands: $262.4 million (reversing a -$105.5 million deficit)
- Belgium: $169.5 million (up 119.6%)
- Uruguay: $2.2 million (up 81.5%)
- US Minor Outlying Islands: $530,000 (up 72.1%)
- North Korea: $6,000 (2022 data unavailable)
- Sierra Leone: $1,000 (2022 data unavailable)
Switzerland and Ireland posted the greatest surpluses in the international trade of heart pacemakers for 2023. 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 2023. 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$1.8 billion (net export deficit up 187.6% since 2019)
- mainland China: -$406.1 million (up 117.2%)
- United Kingdom: -$322.1 million (up 63.7%)
- Japan: -$287.1 million (down -14.4%)
- France: -$250.7 million (down -8.4%)
- Italy: -$208.3 million (up 17.1%)
- Spain: -$126.4 million (up 15.1%)
- Australia: -$96.5 million (up 4%)
- Canada: -$52.1 million (up 16.8%)
- India: -$52.1 million (up 37.1%)
- Poland: -$49.4 million (up 20.8%)
- South Korea: -$43.2 million (up 43.6%)
- Czech Republic: -$42.7 million (up 5.7%)
- Türkiye: -$38.5 million (up 67.7%)
- Portugal: -$33 million (up 16.3%)
The United States of America incurred the severest deficit in the international trade of heart pacemakers. In turn, this negative cashflow highlights America’s big competitive disadvantage for this specific product category but also signals opportunities for heart pacemaker-supplying countries 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 December 10, 2024
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on December 10, 2024
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on December 10, 2024
International Trade Centre, Trade Map. Accessed on December 10, 2024
Investopedia, Net Exports Definition. Accessed on December 10, 2024
Wikipedia, Cardiac pacemaker. Accessed on December 10, 2024