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2022
Exports $102MWorld Rnk 17 / 170
Flag Rnk 401 / 1216
2022
Destination $2.49M Greece
2021 - 2022
FASTEST GROWING MARKET $2.49MIreland
2022
PRODUCT COMPLEXITY IN Utility Meters0.046Rnk 536 / 1025
2022
Imports $364MWorld Rnk 6 / 219
Flag Rnk 327 / 1214
2022
Origin $18.3M China
2021 - 2022
FASTEST GROWING ORIGIN $18.3MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $102M in Utility Meters, making it the 17th largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 401st most exported product in United Kingdom. The main destination of Utility Meters exports from United Kingdom are: Greece ($14.9M), Ireland ($10.4M), United States ($6.95M), France ($5.8M), and Netherlands ($5.28M).

The fastest growing export markets for Utility Meters of United Kingdom between 2021 and 2022 were Ireland ($2.49M), Tunisia ($2.31M), and United Kingdom ($1.67M).

Imports In 2022, United Kingdom imported $364M in Utility Meters, becoming the 6th largest importer of Utility Meters in the world. At the same year, Utility Meters was the 327th most imported product in United Kingdom. United Kingdom imports Utility Meters primarily from: China ($84.8M), Poland ($46.2M), Malaysia ($40M), France ($34.5M), and Germany ($31.9M).

The fastest growing import markets in Utility Meters for United Kingdom between 2021 and 2022 were China ($18.3M), Greece ($17.6M), and France ($16.9M).

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Utility Meters exports accounted up to £3.47M and imports accounted up to £23.6M, resulting in a negative trade balance of £20.1M. Between August 2023 and August 2024 the exports of United Kingdom's   Utility Meters have decreased by £-3.67M (-51.4%) from £7.14M to £3.47M, while imports decreased by £-5.17M (-18%) from £28.8M to £23.6M.

Destinations In August 2024, Utility Meters were exported mostly to Ireland (£1.78M), India (£159k), Denmark (£159k), Turkey (£104k), and United Arab Emirates (£96.5k), and were imported mostly from China (£4.86M), France (£3.76M), Greece (£3.22M), India (£3.02M), and Poland (£1.79M).

Growth In August 2024, the decrease in Utility Meters's year-by-year exports was explained primarily by a decrease in exports to China (£-363k or -97.5%), Spain (£-264k or -96.5%), and United States (£-216k or -45.8%). In August 2024, the decrease in Utility Meters's year-by-year imports was explained primarily by a decrease in imports from Malaysia (£-555k or -21.3%), Poland (£-315k or -13.3%), and Netherlands (£-144k or -46.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-3.67M(-51.4%)
IMPORT GROWTH (August 2023 - August 2024)£-5.17M(-18%)
MAIN EXPORTER (August 2024)Holyhead£2.65M
MAIN DESTINATION (August 2024)Ireland£1.78M

This section shows Utility Meters'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 Utility Meters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$102M
IMPORTS (2022)$364M
NET TRADE (2022)-$262M

In 2022, United Kingdom exported $102M in Utility Meters. The main destinations of United Kingdom exports on Utility Meters were Greece ($14.9M), Ireland ($10.4M), United States ($6.95M), France ($5.8M), and Netherlands ($5.28M).

In 2022, United Kingdom imported $364M in Utility Meters, mainly from China ($84.8M), Poland ($46.2M), Malaysia ($40M), France ($34.5M), and Germany ($31.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Ireland$2.49M (31.6%)
Tunisia$2.31M (132%)
United Kingdom$1.67M (224%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY United Kingdom WERE (2021 - 2022):
Greece-$3.3M (-18.1%)
Spain-$2.96M (-43.5%)
Malaysia-$1.59M (-44.5%)
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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 Utility Meters were:
China $2.4B
Mexico $1.11B
United States $506M
In 2022, United Kingdom'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+ $5.91M
TOP IMPORT POTENTIALChina+ $17.8M

Utility Meters’s highest export potential is United States. With an export gap of $5.91M.   Utility Meters’s highest import potential is China with an import gap of $17.8M.

See methodology.

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