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2022
Exports $74.1MWorld Rnk 22 / 170
Flag Rnk 484 / 1213
2022
Destination $1.69M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $1.69MMexico
2022
PRODUCT COMPLEXITY IN Utility Meters0.046Rnk 536 / 1025
2022
Imports $121MWorld Rnk 18 / 219
Flag Rnk 525 / 1214
2022
Origin $7.82M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $7.82MThailand
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $74.1M in Utility Meters, making it the 22nd largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 484th most exported product in Japan. The main destination of Utility Meters exports from Japan are: Chinese Taipei ($23.7M), China ($12.2M), United States ($7.57M), Hong Kong ($6.97M), and Mexico ($4.02M).

The fastest growing export markets for Utility Meters of Japan between 2021 and 2022 were Mexico ($1.69M), Germany ($1.23M), and United States ($1.1M).

Imports In 2022, Japan imported $121M in Utility Meters, becoming the 18th largest importer of Utility Meters in the world. At the same year, Utility Meters was the 525th most imported product in Japan. Japan imports Utility Meters primarily from: Vietnam ($49.7M), China ($41.6M), Thailand ($12.8M), Chinese Taipei ($7.69M), and Singapore ($1.55M).

The fastest growing import markets in Utility Meters for Japan between 2021 and 2022 were Thailand ($7.82M), Vietnam ($4.34M), and Germany ($729k).

Latest Trends

October 2024

About

Overview In October 2024 Japan's Utility Meters exports accounted up to ¥860M and imports accounted up to ¥930M, resulting in a negative trade balance of ¥69.4M. Between October 2023 and October 2024 the exports of Japan's   Utility Meters have increased by ¥3.77M (0.44%) from ¥857M to ¥860M, while imports increased by ¥86.1M (10.2%) from ¥844M to ¥930M.

Destinations In October 2024, Utility Meters were exported mostly to Hong Kong (¥334M), Chinese Taipei (¥179M), China (¥156M), Mexico (¥81.6M), and Vietnam (¥58.9M), and were imported mostly from Vietnam (¥361M), China (¥262M), Thailand (¥160M), Chinese Taipei (¥65.1M), and United States (¥23.5M).

Growth In October 2024, the increase in Utility Meters's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei (¥77M or 73%), China (¥66M or 89%), and United States (¥45M or 145%). In October 2024, the increase in Utility Meters's year-by-year imports was explained primarily by an increase in imports from Thailand (¥85.9M or 157%) and China (¥31.7M or 8.26%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)¥3.77M(0.44%)
IMPORT GROWTH (October 2023 - October 2024)¥86.1M(10.2%)
MAIN EXPORTER (October 2024)Aichi¥902M
MAIN DESTINATION (October 2024)Hong Kong¥334M

This section shows Utility Meters's exports and imports data at subnational level for Japan. 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)$74.1M
IMPORTS (2022)$121M
NET TRADE (2022)-$46.5M

In 2022, Japan exported $74.1M in Utility Meters. The main destinations of Japan exports on Utility Meters were Chinese Taipei ($23.7M), China ($12.2M), United States ($7.57M), Hong Kong ($6.97M), and Mexico ($4.02M).

In 2022, Japan imported $121M in Utility Meters, mainly from Vietnam ($49.7M), China ($41.6M), Thailand ($12.8M), Chinese Taipei ($7.69M), and Singapore ($1.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Mexico$1.69M (73%)
Germany$1.23M (56.4%)
United States$1.1M (16.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY Japan WERE (2021 - 2022):
Bangladesh-$14.1M (-97.8%)
Hong Kong-$2.52M (-26.6%)
China-$1.25M (-9.29%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Utility Meters were:
China $2.4B
Mexico $1.11B
United States $506M
In 2022, Japan'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+ $4.65M
TOP IMPORT POTENTIALChina+ $19.4M

Utility Meters’s highest export potential is United States. With an export gap of $4.65M.   Utility Meters’s highest import potential is China with an import gap of $19.4M.

See methodology.

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