Copper Wire7408 (Harmonized System 1992 for 4-digit)
2020 World Trade: $16.8B, Rnk 206 / 1217
2020 Top Exporter | Top Importer: $2.52B | $1.27B, Germany | United States
2020 Product Complexity: -0.5, Rnk 700 / 1028
2019 - 2020 Export Growth (CAGR): -9.83%, Rnk 721 / 1217
2018 Mean Tariff: 4.61%, Rnk 899 / 1259
2020 Share of World Trade: 0.1%, Rnk 206 / 1217
Overview This page contains the latest trade data of Copper Wire. In 2020, Copper Wire were the world's 206th most traded product, with a total trade of $16.8B. Between 2019 and 2020 the exports of Copper Wire decreased by -9.83%, from $18.6B to $16.8B. Trade in Copper Wire represent 0.1% of total world trade.
Copper Wire are a part of Copper articles. They include Wire of refined copper > 6mm wide, Wire of refined copper < 6mm wide, Wire, copper-zinc base alloy, Wire, copper alloy, except nickel/zinc alloys, and Wire, copper-nickel or copper-nickel-zinc base alloy.
Exports In 2020 the top exporters of Copper Wire were Germany ($2.52B), United Arab Emirates ($1.67B), Russia ($1.34B), Canada ($976M), and Belgium ($945M).
Imports In 2020 the top importers of Copper Wire were United States ($1.27B), Italy ($964M), China ($851M), Saudi Arabia ($808M), and Mexico ($695M).
Tariffs In 2018 the average tariff for Copper Wire was 4.61%, making it the 899th lowest tariff using the HS4 product classification.
Ranking Copper Wire ranks 700th in the Product Complexity Index (PCI).
Description Copper wire is used in the production of electrical wires and cables. Copper wire is also used in the production of surgical sutures, stranded wire, and plaited bands.
The following visualization shows the latest trends on Copper Wire. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Germany, $2.52B
Top Destination (2020): United States, $1.27B
Copper Wire are the world's 206th most traded product.
In 2020, the top exporters of Copper Wire were Germany ($2.52B), United Arab Emirates ($1.67B), Russia ($1.34B), Canada ($976M), and Belgium ($945M).
In 2020, the top importers of Copper Wire were United States ($1.27B), Italy ($964M), China ($851M), Saudi Arabia ($808M), and Mexico ($695M).
Trade by country
Between 2019 and 2020, the exports of Copper Wire grew the fastest in Germany ($341M), China ($65.7M), Chile ($31.7M), Russia ($23.4M), and Mexico ($22M).
Between 2019 and 2020, the fastest growing importers of Copper Wire were China ($188M), Romania ($136M), Qatar ($132M), Italy ($107M), and Kuwait ($83.4M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Copper Wire.
In 2020, market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Copper Wire are explained by 22 countries.
TOP NET EXPORTER (2020): Germany, $1.91B
TOP NET IMPORTER (2020): Saudi Arabia, $801M
This map shows which countries export or import more of Copper Wire. Each country is colored based on the difference in exports and imports of Copper Wire during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Copper Wire were Germany ($1.91B), United Arab Emirates ($1.65B), Russia ($1.32B), Canada ($757M), and Belgium ($728M).
In 2020, the countries that had a largest trade value in imports than in exports of Copper Wire were Saudi Arabia ($801M), Romania ($574M), Mexico ($556M), India ($531M), and Italy ($518M).
In 2020, the world most traded Copper Wire, disaggragated by their HS6 level were Wire of refined copper > 6mm... ($12.7B), Wire of refined copper < 6mm... ($3.07B), Wire, copper alloy, except nickel/zinc alloys ($498M), Wire, copper-zinc base alloy ($475M), and Wire, copper-nickel or copper-nickel-zinc base alloy ($109M)
This visualization shows the countries that have an important ratio of their trade related to Copper Wire. It is possible to select the main countries that export or import Copper Wire in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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