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2023
Exports $2.35BWorld Rnk 11 / 111
Flag Rnk 129 / 1217
2023
Destination $62M Mexico
2022 - 2023
FASTEST GROWING MARKET $62MNetherlands
2023
PRODUCT COMPLEXITY IN Copper Ore-1.95Rnk 994 / 1025
2023
Imports $35.7MWorld Rnk 30 / 102
Flag Rnk 1006 / 1215
2023
Origin $40.1k Canada
2022 - 2023
FASTEST GROWING ORIGIN $40.1kHungary
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $2.35B in Copper Ore, making it the 11th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 129th most exported product in United States. The main destination of Copper Ore exports from United States are: Mexico ($633M), Canada ($534M), Japan ($511M), China ($429M), and Spain ($64M).

The fastest growing export markets for Copper Ore of United States between 2022 and 2023 were Netherlands ($62M), Sweden ($48.1M), and Chinese Taipei ($40.4M).

Imports In 2023, United States imported $35.7M in Copper Ore, becoming the 30th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 1006th most imported product in United States. United States imports Copper Ore primarily from: Canada ($35.6M), Hungary ($53.9k), United Kingdom ($28.3k), Mexico ($16.8k), and Japan ($9.69k).

The fastest growing import markets in Copper Ore for United States between 2022 and 2023 were Hungary ($40.1k), United Kingdom ($25.3k), and Mexico ($16.8k).

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

Latest Trends

November 2024

About

Overview In November 2024 United States' Copper Ore exports accounted up to $277M and imports accounted up to $38.9k, resulting in a positive trade balance of $277M. Between November 2023 and November 2024 the exports of United States'   Copper Ore have increased by $104M (60.3%) from $173M to $277M, while imports increased by $38.9k (N/A%) from $0 to $38.9k.

Destinations In November 2024, Copper Ore were exported mostly to Mexico ($157M), Canada ($43.6M), India ($42.5M), China ($32.9M), and Malaysia ($496k), and were imported mostly from China ($38.9k), Democratic Republic of the Congo ($0), Japan ($0), Turkey ($0), and Hungary ($0).

Growth In November 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 November 2024, the increase in Copper Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$104M(60.3%)
IMPORT GROWTH (October 2023 - November 2024)$38.9k(N/A%)
MAIN EXPORTER (November 2024)Arizona$157M
MAIN DESTINATION (November 2024)Mexico$157M

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 (2023)$2.35B
IMPORTS (2023)$35.7M
NET TRADE (2023)$2.32B

In 2023, United States exported $2.35B in Copper Ore. The main destinations of United States exports on Copper Ore were Mexico ($633M), Canada ($534M), Japan ($511M), China ($429M), and Spain ($64M).

In 2023, United States imported $35.7M in Copper Ore, mainly from Canada ($35.6M), Hungary ($53.9k), United Kingdom ($28.3k), Mexico ($16.8k), and Japan ($9.69k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR United States WERE (2022 - 2023):
Netherlands$62M (6.41M%)
Sweden$48.1M (16.2M%)
Chinese Taipei$40.4M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY United States WERE (2022 - 2023):
Mexico-$181M (-22.3%)
Spain-$156M (-70.9%)
Philippines-$90.8M (-98.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Copper Ore were:
Chile $24.2B
Peru $19.9B
Indonesia $8.55B
In 2023, United States's main importing competitors in Copper Ore were:
China $57.3B
Japan $11B
South Korea $4.95B

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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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