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2022
Exports $2.4BWorld Rnk 1 / 170
Flag Rnk 265 / 1216
2022
Destination $44.8M Russia
2021 - 2022
FASTEST GROWING MARKET $44.8MMexico
2022
PRODUCT COMPLEXITY IN Utility Meters0.046Rnk 536 / 1025
2022
Imports $130MWorld Rnk 16 / 219
Flag Rnk 600 / 1212
2022
Origin $2.22M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $2.22MSpain
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $2.4B in Utility Meters, making it the 1st largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 265th most exported product in China. The main destination of Utility Meters exports from China are: Russia ($132M), Germany ($104M), Mexico ($92.4M), Romania ($90.3M), and United Kingdom ($84.8M).

The fastest growing export markets for Utility Meters of China between 2021 and 2022 were Mexico ($44.8M), Russia ($31.8M), and Netherlands ($31.6M).

Imports In 2022, China imported $130M in Utility Meters, becoming the 16th largest importer of Utility Meters in the world. At the same year, Utility Meters was the 600th most imported product in China. China imports Utility Meters primarily from: Vietnam ($35.6M), Germany ($33.2M), Japan ($12.2M), United States ($7.47M), and Hong Kong ($4.33M).

The fastest growing import markets in Utility Meters for China between 2021 and 2022 were Spain ($2.22M), Hong Kong ($1.7M), and Mexico ($1.54M).

COMPANIES In 2023, leading companies such as Fred Meyer (3), CrimsonLogic (3), and Spencer Gifts (1) were at the forefront of shipping Utility Meters from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Utility Meters exports accounted up to $253M and imports accounted up to $7.79M, resulting in a positive trade balance of $245M. Between October 2023 and October 2024 the exports of China's   Utility Meters have increased by $55.7M (28.2%) from $197M to $253M, while imports decreased by $-333k (-4.1%) from $8.12M to $7.79M.

Destinations In October 2024, Utility Meters were exported mostly to Saudi Arabia ($25M), South Korea ($19.2M), Russia ($14.1M), Ghana ($13.4M), and United Kingdom ($10.9M), and were imported mostly from Vietnam ($2.06M), Japan ($1.44M), Germany ($1.16M), India ($624k), and China ($605k).

Growth In October 2024, the increase in Utility Meters's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($15.2M or 582%), Romania ($6.42M or 166%), and Greece ($4.79M or 309%). In October 2024, the decrease in Utility Meters's year-by-year imports was explained primarily by a decrease in imports from Brazil ($-55.4M or -100%), Vietnam ($-1.42M or -36.7%), and Israel ($-327k or -54.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$55.7M(28.2%)
IMPORT GROWTH (October 2023 - October 2024)$-333k(-4.1%)
MAIN EXPORTER (October 2024)Zhejiang Province$123M
MAIN DESTINATION (October 2024)Saudi Arabia$25M

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 (2022)$2.4B
IMPORTS (2022)$130M
NET TRADE (2022)$2.27B

In 2022, China exported $2.4B in Utility Meters. The main destinations of China exports on Utility Meters were Russia ($132M), Germany ($104M), Mexico ($92.4M), Romania ($90.3M), and United Kingdom ($84.8M).

In 2022, China imported $130M in Utility Meters, mainly from Vietnam ($35.6M), Germany ($33.2M), Japan ($12.2M), United States ($7.47M), and Hong Kong ($4.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR China WERE (2021 - 2022):
Mexico$44.8M (93.9%)
Russia$31.8M (31.9%)
Netherlands$31.6M (237%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY China WERE (2021 - 2022):
Uzbekistan-$45.3M (-81.5%)
Vietnam-$44.8M (-42.5%)
Nigeria-$25.9M (-48.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Utility Meters were:
Mexico $1.11B
United States $506M
In 2022, China'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+ $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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