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2022
Exports $81.3MWorld Rnk 20 / 170
Flag Rnk 417 / 1210
2022
Destination $13.8M United States
2021 - 2022
FASTEST GROWING MARKET $13.8MUnited States
2022
PRODUCT COMPLEXITY IN Utility Meters0.046Rnk 536 / 1025
2022
Imports $204MWorld Rnk 8 / 219
Flag Rnk 403 / 1213
2022
Origin $10.8M United States
2021 - 2022
FASTEST GROWING ORIGIN $10.8MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $81.3M in Utility Meters, making it the 20th largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 417th most exported product in Canada. The main destination of Utility Meters exports from Canada are: United States ($69.1M), Hungary ($1.44M), Mexico ($869k), Pakistan ($740k), and Australia ($737k).

The fastest growing export markets for Utility Meters of Canada between 2021 and 2022 were United States ($13.8M), Hungary ($1.2M), and Spain ($514k).

Imports In 2022, Canada imported $204M in Utility Meters, becoming the 8th largest importer of Utility Meters in the world. At the same year, Utility Meters was the 403rd most imported product in Canada. Canada imports Utility Meters primarily from: United States ($162M), Mexico ($26.2M), Switzerland ($4.02M), China ($3.54M), and United Kingdom ($907k).

The fastest growing import markets in Utility Meters for Canada between 2021 and 2022 were United States ($10.8M), Mexico ($3.51M), and United Kingdom ($419k).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Utility Meters exports accounted up to C$14.6M and imports accounted up to C$36.9M, resulting in a negative trade balance of C$22.3M. Between September 2023 and September 2024 the exports of Canada's   Utility Meters have increased by C$3.45M (31%) from C$11.1M to C$14.6M, while imports increased by C$2.94M (8.65%) from C$34M to C$36.9M.

Destinations In September 2024, Utility Meters were exported mostly to United States (C$12.4M), Pakistan (C$983k), Chinese Taipei (C$236k), United Kingdom (C$121k), and Mexico (C$118k), and were imported mostly from United States (C$21.8M), Mexico (C$9.78M), China (C$3.45M), Iceland (C$646k), and Switzerland (C$490k).

Growth In September 2024, the increase in Utility Meters's year-by-year exports was explained primarily by an increase in exports to United States (C$3.73M or 99.5%), Japan (C$564k or 25.1k%), and Mexico (C$197k or 338%). In September 2024, the increase in Utility Meters's year-by-year imports was explained primarily by an increase in imports from United States (C$4.65M or 72.4%), China (C$1.5M or 97%), and Mexico (C$1.24M or 35.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$3.45M(31%)
IMPORT GROWTH (September 2023 - September 2024)C$2.94M(8.65%)
MAIN EXPORTER (September 2024)OntarioC$12.3M
MAIN DESTINATION (September 2024)United StatesC$12.4M

This section shows Utility Meters's exports and imports data at subnational level for Canada. 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 Utility Meters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$81.3M
IMPORTS (2022)$204M
NET TRADE (2022)-$122M

In 2022, Canada exported $81.3M in Utility Meters. The main destinations of Canada exports on Utility Meters were United States ($69.1M), Hungary ($1.44M), Mexico ($869k), Pakistan ($740k), and Australia ($737k).

In 2022, Canada imported $204M in Utility Meters, mainly from United States ($162M), Mexico ($26.2M), Switzerland ($4.02M), China ($3.54M), and United Kingdom ($907k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$13.8M (25%)
Hungary$1.2M (490%)
Spain$514k (1.47k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY Canada WERE (2021 - 2022):
United Arab Emirates-$784k (-76.9%)
India-$666k (-53.2%)
Belgium-$431k (-64.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Utility Meters were:
China $2.4B
Mexico $1.11B
United States $506M
In 2022, Canada's main importing competitors in Utility Meters were:
United States $1.49B
France $505M
Mexico $431M

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Trade Value of Utility Meters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.9M
TOP IMPORT POTENTIALChina+ $8.82M

Utility Meters’s highest export potential is United States. With an export gap of $23.9M.   Utility Meters’s highest import potential is China with an import gap of $8.82M.

See methodology.

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