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2022
Exports $1.51BWorld Rnk 5 / 144
Flag Rnk 205 / 1217
2022
Destination $43.3M Mexico
2021 - 2022
FASTEST GROWING MARKET $43.3MMexico
2022
PRODUCT COMPLEXITY IN Copper Wire-0.44Rnk 683 / 1025
2022
Imports $2.21BWorld Rnk 1 / 204
Flag Rnk 232 / 1216
2022
Origin $69M Canada
2021 - 2022
FASTEST GROWING ORIGIN $69MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.51B in Copper Wire, making it the 5th largest exporter of Copper Wire in the world. At the same year, Copper Wire was the 205th most exported product in United States. The main destination of Copper Wire exports from United States are: Mexico ($1.05B), Canada ($366M), Brazil ($10.5M), South Africa ($10M), and Belgium ($8.62M).

The fastest growing export markets for Copper Wire of United States between 2021 and 2022 were Mexico ($43.3M), South Africa ($8.1M), and Honduras ($3.43M).

Imports In 2022, United States imported $2.21B in Copper Wire, becoming the 1st largest importer of Copper Wire in the world. At the same year, Copper Wire was the 232nd most imported product in United States. United States imports Copper Wire primarily from: Canada ($1.73B), Mexico ($88.2M), Peru ($64.6M), Germany ($62.4M), and Japan ($36.6M).

The fastest growing import markets in Copper Wire for United States between 2021 and 2022 were Canada ($69M), Spain ($22.7M), and United Arab Emirates ($15.1M).

COMPANIES In 2023, leading companies such as CrimsonLogic (15), IKEA Group (14), and Jo-Ann Stores (12) were at the forefront of shipping Copper Wire to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Copper Wire exports accounted up to $117M and imports accounted up to $212M, resulting in a negative trade balance of $94.9M. Between September 2023 and September 2024 the exports of United States'   Copper Wire have decreased by $-5.96M (-4.84%) from $123M to $117M, while imports increased by $43.7M (26%) from $168M to $212M.

Destinations In September 2024, Copper Wire were exported mostly to Mexico ($81.4M), Canada ($27.7M), Philippines ($1.79M), United Kingdom ($1.32M), and Belgium ($833k), and were imported mostly from Canada ($171M), Chile ($8.48M), Mexico ($7.49M), Germany ($5.49M), and Peru ($4.72M).

Growth In September 2024, the decrease in Copper Wire's year-by-year exports was explained primarily by a decrease in exports to Canada ($-5.09M or -15.4%), United Kingdom ($-367k or -30.9%), and India ($-276k or -33.4%). In September 2024, the increase in Copper Wire's year-by-year imports was explained primarily by an increase in imports from Mexico ($13M or 619%), Canada ($11.7M or 8%), and Peru ($1.92M or 36.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-5.96M(-4.84%)
IMPORT GROWTH (September 2023 - September 2024)$43.7M(26%)
MAIN EXPORTER (September 2024)Texas$93M
MAIN DESTINATION (September 2024)Mexico$81.4M

This section shows Copper Wire'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 Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.51B
IMPORTS (2022)$2.21B
NET TRADE (2022)-$706M

In 2022, United States exported $1.51B in Copper Wire. The main destinations of United States exports on Copper Wire were Mexico ($1.05B), Canada ($366M), Brazil ($10.5M), South Africa ($10M), and Belgium ($8.62M).

In 2022, United States imported $2.21B in Copper Wire, mainly from Canada ($1.73B), Mexico ($88.2M), Peru ($64.6M), Germany ($62.4M), and Japan ($36.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Wire EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$43.3M (4.32%)
South Africa$8.1M (419%)
Honduras$3.43M (1.97k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Wire BY United States WERE (2021 - 2022):
Canada-$62.8M (-14.6%)
China-$2.91M (-30.1%)
United Kingdom-$2.81M (-51.7%)
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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 Wire were:
Germany $3.23B
United Arab Emirates $3.08B
Belgium $1.8B
In 2022, United States's main importing competitors in Copper Wire were:
Mexico $1.11B
Italy $1.1B

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Trade Value of Copper Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $11.8M
TOP IMPORT POTENTIALGermany+ $49M

Copper Wire’s highest export potential is China. With an export gap of $11.8M.   Copper Wire’s highest import potential is Germany with an import gap of $49M.

See methodology.

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