HS Icon Utility Meters

9028 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $8.72B, Rnk 354 / 1217

2019
Top Exporter | Top Importer
: $1.75B | $1.57B, China | United States

2019
Product Complexity
: 0.26, Rnk 440 / 961

2018 - 2019
Export Growth (CAGR)
: 3.38%, Rnk 218 / 1217

2018
Mean Tariff
: 8.69%, Rnk 496 / 1259

 2019
Share of World Trade
: 0.048%, Rnk 354 / 1217

Overview:  This page contains the latest trade data of Utility Meters. In 2019, Utility Meters were the world's 354th most traded product, with a total trade of $8.72B. Between 2018 and 2019 the exports of Utility Meters grew by 3.38%, from  $8.43B to $8.72B. Trade in Utility Meters represent 0.048% of total world trade.

Exports: In 2019 the top exporters of Utility Meters  were China ($1.75B), Mexico ($1.24B), United States ($740M), Germany ($535M), and Romania ($525M).

Imports: In 2019 the top importers of Utility Meters were United States ($1.57B), Italy ($552M), Mexico ($531M), France ($508M), and United Kingdom ($433M).

Tariffs: In 2018 the average tariff for Utility Meters was 8.69%, making it the 496th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Utility Meters are Iran (40.5%), Bahamas (40.2%), Ethiopia (29.7%), Bermuda (20%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Utility Meters ranks 440th in the Product Complexity Index (PCI).

Description: Gas, liquid or electricity supply or production meters are used to measure the amount of gas, liquid or electricity that is being supplied. They can be made from a variety of materials, including plastic and metal.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.75B

Top Destination (2019): United States, $1.57B

Utility Meters are the world's 354th most traded product.

In 2019, the top exporters of Utility Meters were China ($1.75B), Mexico ($1.24B), United States ($740M), Germany ($535M), and Romania ($525M).

In 2019, the top importers of Utility Meters were United States ($1.57B), Italy ($552M), Mexico ($531M), France ($508M), and United Kingdom ($433M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $217M

Top Destination Growth (2018 - 2019): United States, $156M

Between 2018 and 2019, the exports of Utility Meters grew the fastest in China ($217M), Mexico ($200M), Romania ($121M), Malaysia ($57.5M), and United States ($38.7M).

Between 2018 and 2019, the fastest growing importers of Utility Meters were United States ($156M), Uzbekistan ($106M), Italy ($51.5M), Mexico ($48.8M), and Germany ($35.9M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Utility Meters.

In 2019,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Utility Meters are explained by 20 countries.

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TOP NET EXPORTER (2019): China, $1.61B

TOP NET IMPORTER (2019): United States, $833M

This map shows which countries export or import more of Utility Meters. Each country is colored based on the difference in exports and imports of Utility Meters during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Utility Meters were China ($1.61B), Mexico ($705M), Poland ($326M), Romania ($306M), and Tunisia ($241M).

In 2019, the countries that had a largest trade value in imports than in exports of Utility Meters were United States ($833M), United Kingdom ($316M), Italy ($250M), France ($226M), and Canada ($183M).

Disaggregation

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Value

In 2019, the world most traded Utility Meters, disaggragated by their HS6 level were Electricity supply, production and calibrating meters ($3.96B), Parts, accessories for gas, liquid, electricity... ($2.53B), Liquid supply, production and calibrating meters ($1.31B), and Gas supply/production/calibration meters ($913M)

Import Tariffs

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In 2018, the average tariff for importing Utility Meters was 8.69%.  The countries with the highest tariffs for importing Utility Meters were Iran (40.5%), Bahamas (40.2%), Ethiopia (29.7%), Bermuda (20%), and Maldives (19.6%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.