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2023
Exports $2.53BWorld Rnk 1 / 181
Flag Rnk 232 / 1215
2023
Destination $49.6M Russia
2022 - 2023
FASTEST GROWING MARKET $49.6MLibya
2023
PRODUCT COMPLEXITY IN Utility Meters0.08Rnk 527 / 1025
2023
Imports $104MWorld Rnk 23 / 222
Flag Rnk 625 / 1214
2023
Origin $1.76M Vietnam
2022 - 2023
FASTEST GROWING ORIGIN $1.76MBrazil
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $2.53B in Utility Meters, making it the 1st largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 232nd most exported product in China. The main destination of Utility Meters exports from China are: Russia ($154M), Germany ($118M), United Kingdom ($89.7M), Indonesia ($84.1M), and Romania ($83.4M).

The fastest growing export markets for Utility Meters of China between 2022 and 2023 were Libya ($49.6M), Thailand ($28.9M), and Russia ($22.7M).

Imports In 2023, China imported $104M in Utility Meters, becoming the 23rd largest importer of Utility Meters in the world. At the same year, Utility Meters was the 625th most imported product in China. China imports Utility Meters primarily from: Vietnam ($23.2M), Germany ($22.3M), Japan ($9.39M), Brazil ($8.48M), and India ($7.11M).

The fastest growing import markets in Utility Meters for China between 2022 and 2023 were Brazil ($1.76M), South Korea ($1.14M), and Malaysia ($723k).

COMPANIES In 2024, leading companies such as CrimsonLogic (18), Costco Wholesale (4), and Conair (4) were at the forefront of shipping Utility Meters from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Utility Meters exports accounted up to $241M and imports accounted up to $11.8M, resulting in a positive trade balance of $229M. Between December 2023 and December 2024 the exports of China's   Utility Meters have increased by $45.2M (23.2%) from $195M to $241M, while imports increased by $1.51M (14.7%) from $10.3M to $11.8M.

Destinations In December 2024, Utility Meters were exported mostly to Saudi Arabia ($16.7M), Egypt ($11.5M), Russia ($11.4M), United Kingdom ($10.6M), and Italy ($9.56M), and were imported mostly from China ($3.37M), Vietnam ($2.88M), Japan ($861k), Germany ($786k), and India ($651k).

Growth In December 2024, the increase in Utility Meters's year-by-year exports was explained primarily by an increase in exports to Bangladesh ($12.3M or 276%), Libya ($10.7M or 43k%), and Vietnam ($4.56M or 168%). In December 2024, the increase in Utility Meters's year-by-year imports was explained primarily by an increase in imports from Germany ($609k or 86.2%), United States ($564k or 117%), and Canada ($411k or 214%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$45.2M(23.2%)
IMPORT GROWTH (December 2023 - December 2024)$1.51M(14.7%)
MAIN EXPORTER (December 2024)Zhejiang Province$123M
MAIN DESTINATION (December 2024)Saudi Arabia$16.7M

This section shows Utility Meters's exports and imports data at subnational level for China. 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 (2023)$2.53B
IMPORTS (2023)$104M
NET TRADE (2023)$2.42B

In 2023, China exported $2.53B in Utility Meters. The main destinations of China exports on Utility Meters were Russia ($154M), Germany ($118M), United Kingdom ($89.7M), Indonesia ($84.1M), and Romania ($83.4M).

In 2023, China imported $104M in Utility Meters, mainly from Vietnam ($23.2M), Germany ($22.3M), Japan ($9.39M), Brazil ($8.48M), and India ($7.11M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR China WERE (2022 - 2023):
Libya$49.6M (61k%)
Thailand$28.9M (83.9%)
Russia$22.7M (17.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY China WERE (2022 - 2023):
Vietnam-$33.8M (-43.3%)
Mexico-$26.4M (-28.2%)
Egypt-$24.4M (-39.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Utility Meters were:
Mexico $1.58B
United States $575M
In 2023, China's main importing competitors in Utility Meters were:
United States $1.84B
France $568M
Germany $540M

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Trade Value of Utility Meters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $54.9M
TOP IMPORT POTENTIALVietnam+ $12.3M

Utility Meters’s highest export potential is United States. With an export gap of $54.9M.   Utility Meters’s highest import potential is Vietnam with an import gap of $12.3M.

See methodology.

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