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2022
Exports $506MWorld Rnk 3 / 170
Flag Rnk 387 / 1217
2022
Destination $17.3M Mexico
2021 - 2022
FASTEST GROWING MARKET $17.3MMexico
2022
PRODUCT COMPLEXITY IN Utility Meters0.046Rnk 536 / 1025
2022
Imports $1.49BWorld Rnk 1 / 219
Flag Rnk 316 / 1216
2022
Origin $150M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $150MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $506M in Utility Meters, making it the 3rd largest exporter of Utility Meters in the world. At the same year, Utility Meters was the 387th most exported product in United States. The main destination of Utility Meters exports from United States are: Mexico ($217M), Canada ($162M), China ($7.47M), Australia ($6.5M), and United Arab Emirates ($6.33M).

The fastest growing export markets for Utility Meters of United States between 2021 and 2022 were Mexico ($17.3M), Canada ($10.8M), and United Arab Emirates ($3.05M).

Imports In 2022, United States imported $1.49B in Utility Meters, becoming the 1st largest importer of Utility Meters in the world. At the same year, Utility Meters was the 316th most imported product in United States. United States imports Utility Meters primarily from: Mexico ($1.04B), Vietnam ($89.2M), Canada ($69.1M), China ($68.6M), and Israel ($60.4M).

The fastest growing import markets in Utility Meters for United States between 2021 and 2022 were Mexico ($150M), Vietnam ($22.4M), and Germany ($17.4M).

COMPANIES In 2023, leading companies such as Samsung (8), BSH Home Appliances (6), and Disney Cruise Line (6) were at the forefront of shipping Utility Meters to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Utility Meters exports accounted up to $58.2M and imports accounted up to $154M, resulting in a negative trade balance of $95.7M. Between June 2023 and June 2024 the exports of United States'   Utility Meters have decreased by $-11.7M (-16.8%) from $70M to $58.2M, while imports decreased by $-24.3M (-13.6%) from $178M to $154M.

Destinations In June 2024, Utility Meters were exported mostly to Canada ($29.4M), Mexico ($19.3M), United Arab Emirates ($934k), Dominican Republic ($718k), and United Kingdom ($699k), and were imported mostly from Mexico ($123M), Canada ($9.4M), Vietnam ($4.24M), Israel ($4.11M), and China ($3.14M).

Growth In June 2024, the decrease in Utility Meters's year-by-year exports was explained primarily by a decrease in exports to Dominican Republic ($-1.69M or -95.9%), Pakistan ($-609k or -98.3%), and Italy ($-179k or -61.7%). In June 2024, the decrease in Utility Meters's year-by-year imports was explained primarily by a decrease in imports from China ($-1.3M or -26.6%), Hungary ($-386k or -85.1%), and Czechia ($-196k or -79.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-11.7M(-16.8%)
IMPORT GROWTH (June 2023 - June 2024)$-24.3M(-13.6%)
MAIN EXPORTER (June 2024)Texas$20.6M
MAIN DESTINATION (June 2024)Canada$29.4M

This section shows Utility Meters's exports and imports data at subnational level for United States. 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)$506M
IMPORTS (2022)$1.49B
NET TRADE (2022)-$979M

In 2022, United States exported $506M in Utility Meters. The main destinations of United States exports on Utility Meters were Mexico ($217M), Canada ($162M), China ($7.47M), Australia ($6.5M), and United Arab Emirates ($6.33M).

In 2022, United States imported $1.49B in Utility Meters, mainly from Mexico ($1.04B), Vietnam ($89.2M), Canada ($69.1M), China ($68.6M), and Israel ($60.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Utility Meters EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$17.3M (8.64%)
Canada$10.8M (7.11%)
United Arab Emirates$3.05M (92.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Utility Meters BY United States WERE (2021 - 2022):
Hong Kong-$6.39M (-68.8%)
Guyana-$2.72M (-91.6%)
Italy-$2.51M (-55.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Utility Meters were:
China $2.4B
Mexico $1.11B
In 2022, United States's main importing competitors in Utility Meters were:
France $505M
Mexico $431M

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Trade Value of Utility Meters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.48M
TOP IMPORT POTENTIALChina+ $54.9M

Utility Meters’s highest export potential is Germany. With an export gap of $5.48M.   Utility Meters’s highest import potential is China with an import gap of $54.9M.

See methodology.

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