2022
Exports
$1.11BWorld Rnk 2 / 170
Flag Rnk 76 / 1193
2022
PRODUCT COMPLEXITY IN Utility Meters
0.046Rnk 536 / 1025
2022
Imports
$431MWorld Rnk 3 / 219
Flag Rnk 199 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $1.11B in Utility Meters, making it the 2nd largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 76th most exported product in Mexico. The main destination of Utility Meters exports from Mexico are: United States ($1.04B), Canada ($26.2M), Dominican Republic ($10.2M), Costa Rica ($4.88M), and Singapore ($2.48M).

The fastest growing export markets for Utility Meters of Mexico between 2021 and 2022 were United States ($150M), Dominican Republic ($6.56M), and Canada ($3.51M).

Imports In 2022, Mexico imported $431M in Utility Meters, becoming the 3rd largest importer of Utility Meters in the world. At the same year, Utility Meters was the 199th most imported product in Mexico. Mexico imports Utility Meters primarily from: United States ($217M), China ($92.4M), Greece ($42.1M), Vietnam ($32M), and Thailand ($9.28M).

The fastest growing import markets in Utility Meters for Mexico between 2021 and 2022 were China ($44.8M), United States ($17.3M), and Turkey ($4.62M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Utility Meters. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.11B
IMPORTS (2022)$431M
NET TRADE (2022)$678M

In 2022, Mexico exported $1.11B in Utility Meters. The main destinations of Mexico exports on Utility Meters were United States ($1.04B), Canada ($26.2M), Dominican Republic ($10.2M), Costa Rica ($4.88M), and Singapore ($2.48M).

In 2022, Mexico imported $431M in Utility Meters, mainly from United States ($217M), China ($92.4M), Greece ($42.1M), Vietnam ($32M), and Thailand ($9.28M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$150M (16.8%)
Dominican Republic$6.56M (180%)
Canada$3.51M (15.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY Mexico WERE (2021 - 2022):
Philippines-$2.63M (-77.6%)
Israel-$729k (-46.3%)
Guyana-$626k (-100%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Utility Meters were:
In 2022, Mexico's main importing competitors in Utility Meters were:

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Trade Value of Utility Meters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $4.67M
TOP IMPORT POTENTIALChina+ $18.3M

Utility Meters’s highest export potential is Canada. With an export gap of $4.67M.   Utility Meters’s highest import potential is China with an import gap of $18.3M.

See methodology.

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