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2022
Exports $3.03BWorld Rnk 7 / 110
Flag Rnk 113 / 1217
2022
Destination $1.09B Mexico
2021 - 2022
FASTEST GROWING MARKET $1.09BMexico
2022
PRODUCT COMPLEXITY IN Copper Ore-1.94Rnk 995 / 1025
2022
Imports $144MWorld Rnk 25 / 117
Flag Rnk 811 / 1216
2022
Origin $26M Canada
2021 - 2022
FASTEST GROWING ORIGIN $26MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $3.03B in Copper Ore, making it the 7th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 113th most exported product in United States. The main destination of Copper Ore exports from United States are: Mexico ($1.49B), China ($540M), Canada ($515M), Spain ($220M), and Japan ($107M).

The fastest growing export markets for Copper Ore of United States between 2021 and 2022 were Mexico ($1.09B), Philippines ($45.1M), and Japan ($36.2M).

Imports In 2022, United States imported $144M in Copper Ore, becoming the 25th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 811th most imported product in United States. United States imports Copper Ore primarily from: Canada ($125M), Chile ($18M), India ($201k), Tanzania ($184k), and Singapore ($21.3k).

The fastest growing import markets in Copper Ore for United States between 2021 and 2022 were Canada ($26M), Chile ($18M), and India ($201k).

COMPANIES In 2023, leading companies such as Cinmar (3) were at the forefront of shipping Copper Ore to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Copper Ore exports accounted up to $180M and imports accounted up to $0, resulting in a positive trade balance of $180M. Between September 2023 and September 2024 the exports of United States'   Copper Ore have increased by $5.13M (2.94%) from $175M to $180M, while imports decreased by $-4.92k (-100%) from $4.92k to $0.

Destinations In September 2024, Copper Ore were exported mostly to Mexico ($127M), Canada ($28.7M), China ($23.3M), Malaysia ($838k), and Thailand ($202k), and were imported mostly from Democratic Republic of the Congo ($0), China ($0), Japan ($0), Turkey ($0), and Hungary ($0).

Growth In September 2024, the increase in Copper Ore's year-by-year exports was explained primarily by an increase in exports to China ($7.75M or 37.8%), Mexico ($7.53M or 4.73%), and India ($69.3k or 193%). In September 2024, the decrease in Copper Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$5.13M(2.94%)
IMPORT GROWTH (August 2023 - September 2024)$-4.92k(-100%)
MAIN EXPORTER (September 2024)Arizona$151M
MAIN DESTINATION (September 2024)Mexico$127M

This section shows Copper Ore'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 Copper Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.03B
IMPORTS (2022)$144M
NET TRADE (2022)$2.88B

In 2022, United States exported $3.03B in Copper Ore. The main destinations of United States exports on Copper Ore were Mexico ($1.49B), China ($540M), Canada ($515M), Spain ($220M), and Japan ($107M).

In 2022, United States imported $144M in Copper Ore, mainly from Canada ($125M), Chile ($18M), India ($201k), Tanzania ($184k), and Singapore ($21.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$1.09B (269%)
Philippines$45.1M (201%)
Japan$36.2M (51.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY United States WERE (2021 - 2022):
Spain-$213M (-49.2%)
China-$128M (-19.1%)
Chinese Taipei-$47M (-100%)
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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 Copper Ore were:
Chile $22.8B
Peru $13.5B
Indonesia $8.89B
In 2022, United States's main importing competitors in Copper Ore were:
China $50.5B
Japan $12.4B
South Korea $6.27B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $273M
TOP IMPORT POTENTIALCanada+ $61.4M

Copper Ore’s highest export potential is China. With an export gap of $273M.   Copper Ore’s highest import potential is Canada with an import gap of $61.4M.

See methodology.

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