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Copper wire

7408 (Harmonized System 1992 for 4-digit)

2023
World Trade $26.3BRnk 171 / 1217
2023
Top Exporter | Top Importer $3.46B | $2.47BGermany | United States
2023
Product Complexity -0.46Rnk 713 / 1044
2022 - 2023
Export Growth (CAGR) -1%Rnk 440 / 1217
2023
Share of World Trade 0.12%Rnk 171 / 1217

About

Overview This page contains the latest trade data of Copper Wire. In 2023, Copper Wire were the world's 171st most traded product, with a total trade of $26.3B. Between 2022 and 2023 the exports of Copper Wire decreased by -1%, from $26.5B to $26.3B. Trade in Copper Wire represent 0.12% 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 alloy, except nickel/zinc alloys, Wire, copper-zinc base alloy, and Wire, copper-nickel or copper-nickel-zinc base alloy.

Exports In 2023 the top exporters of Copper Wire  were Germany ($3.46B), United Arab Emirates ($2.51B), Canada ($1.77B), Belgium ($1.62B), and United States ($1.55B).

Imports In 2023 the top importers of Copper Wire were United States ($2.47B), Italy ($1.49B), Saudi Arabia ($1.46B), Mexico ($1.24B), and India ($1.08B).

Ranking Copper Wire ranks 713th 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.

Latest Trends

Latest Data

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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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Germany$3.46B
Top Destination (2023)United States$2.47B

In 2023 Copper Wire were the world's 171st most traded product (out of 1,217).

In 2023, the top exporters of Copper Wire were Germany ($3.46B), United Arab Emirates ($2.51B), Canada ($1.77B), Belgium ($1.62B), and United States ($1.55B).

In 2023, the top importers of Copper Wire were United States ($2.47B), Italy ($1.49B), Saudi Arabia ($1.46B), Mexico ($1.24B), and India ($1.08B).

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Exporters of Copper Wire (2023)
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Importers of Copper Wire (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$708M
Top Destination Growth (2022 -  2023)United States$243M

Between 2022 and 2023, the exports of Copper Wire grew the fastest in India ($708M), Egypt ($259M), China ($111M), Spain ($99.6M), and Indonesia ($88.9M).

Between 2022 and 2023, the fastest growing importers of Copper Wire were United States ($243M), Italy ($172M), India ($108M), Saudi Arabia ($103M), and Belgium ($103M).

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Exporters of Copper Wire (2022 - 2023)

Importers of Copper Wire (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Copper Wire.

In 2023, market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Copper Wire are explained by 24 countries.

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Value of Exports in Copper Wire

Net Trade

TOP NET EXPORTER (2023)Germany$2.68B
TOP NET IMPORTER (2023)Saudi Arabia$1.46B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Copper Wire were Germany ($2.68B), United Arab Emirates ($2.4B), Canada ($1.43B), Belgium ($1.36B), and Spain ($1.18B).

In 2023, the countries that had a largest trade value in imports than in exports of Copper Wire were Saudi Arabia ($1.46B), Mexico ($1.05B), United States ($922M), Morocco ($868M), and Czechia ($710M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Copper Wire, disaggragated by their HS6 level were Wire of refined copper > 6mm... ($19.8B), Wire of refined copper < 6mm... ($4.83B), Wire, copper alloy, except nickel/zinc alloys ($771M), Wire, copper-zinc base alloy ($654M), and Wire, copper-nickel or copper-nickel-zinc base alloy ($168M)

HS6 Disaggregation for Copper Wire (2023)
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Country Comparison

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Ranking

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.

Top 10 Exporters Countries of Copper Wire by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $3.15M
TOP IMPORT POTENTIALChina+ $6M

Copper Wire’s highest export potential is China. With an export gap of $3.15M.  Copper Wire’s highest import potential is China with an import gap of $6M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Copper Wire.

Country by Relatedness

The following visualization shows the relatedness of Copper Wire to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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