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2023
Exports $235MWorld Rnk 9 / 105
Flag Rnk 535 / 1217
2023
Destination $159M Canada
2022 - 2023
FASTEST GROWING MARKET $159MCanada
2023
PRODUCT COMPLEXITY IN Raw Copper-2.19Rnk 1009 / 1025
2023
Imports $6.94MWorld Rnk 23 / 153
Flag Rnk 1135 / 1215
2023
Origin $1.97M Zambia
2022 - 2023
FASTEST GROWING ORIGIN $1.97MZambia
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $235M in Raw Copper, making it the 9th largest exporter of Raw Copper in the world. At the same year, Raw Copper was the 535th most exported product in United States. The main destination of Raw Copper exports from United States are: Canada ($209M), South Korea ($11.4M), Belgium ($5.2M), China ($4.51M), and Sweden ($798k).

The fastest growing export markets for Raw Copper of United States between 2022 and 2023 were Canada ($159M), South Korea ($10.6M), and Belgium ($5.16M).

Imports In 2023, United States imported $6.94M in Raw Copper, becoming the 23rd largest importer of Raw Copper in the world. At the same year, Raw Copper was the 1135th most imported product in United States. United States imports Raw Copper primarily from: Zambia ($4.69M), United Kingdom ($586k), Finland ($480k), Malaysia ($467k), and Canada ($268k).

The fastest growing import markets in Raw Copper for United States between 2022 and 2023 were Zambia ($1.97M), Malaysia ($467k), and China ($236k).

COMPANIES In 2023, leading companies such as Tesla (5) and General Motors (2) were at the forefront of shipping Raw Copper to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Raw Copper exports accounted up to $35.7M and imports accounted up to $34.6k, resulting in a positive trade balance of $35.7M. Between November 2023 and November 2024 the exports of United States'   Raw Copper have increased by $32.8M (1.14k%) from $2.88M to $35.7M, while imports decreased by $-271k (-88.7%) from $305k to $34.6k.

Destinations In November 2024, Raw Copper were exported mostly to Canada ($34.8M), South Korea ($458k), France ($204k), United Kingdom ($81.6k), and Finland ($72.7k), and were imported mostly from United Kingdom ($24.1k), Germany ($5.68k), Italy ($4.82k), Democratic Republic of the Congo ($0), and China ($0).

Growth In November 2024, the increase in Raw Copper's year-by-year exports was explained primarily by an increase in exports to Canada ($20.6M or 3.73k%), Mexico ($209k or 2.11k%), and Belgium ($181 or 1.08%). In November 2024, the decrease in Raw Copper's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$32.8M(1.14k%)
IMPORT GROWTH (November 2023 - November 2024)$-271k(-88.7%)
MAIN EXPORTER (November 2024)North Carolina$44.1M
MAIN DESTINATION (November 2024)Canada$34.8M

This section shows Raw Copper'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 Raw Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$235M
IMPORTS (2023)$6.94M
NET TRADE (2023)$228M

In 2023, United States exported $235M in Raw Copper. The main destinations of United States exports on Raw Copper were Canada ($209M), South Korea ($11.4M), Belgium ($5.2M), China ($4.51M), and Sweden ($798k).

In 2023, United States imported $6.94M in Raw Copper, mainly from Zambia ($4.69M), United Kingdom ($586k), Finland ($480k), Malaysia ($467k), and Canada ($268k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Copper EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$159M (322%)
South Korea$10.6M (1.37k%)
Belgium$5.16M (11.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Copper BY United States WERE (2022 - 2023):
India-$4.59M (-97.7%)
Mexico-$826k (-85.1%)
Malaysia-$520k (-51.8%)
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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 Raw Copper were:
Zambia $6.95B
Chile $2.16B
Democratic Republic of the Congo $1.41B
In 2023, United States's main importing competitors in Raw Copper were:
China $6.13B
Switzerland $3.15B
India $2.05B

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Trade Value of Raw Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $7.67M
TOP IMPORT POTENTIALZambia+ $3.45M

Raw Copper’s highest export potential is Canada. With an export gap of $7.67M.   Raw Copper’s highest import potential is Zambia with an import gap of $3.45M.

See methodology.

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