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Copper wire

7408 (Harmonized System 1992 for 4-digit)

2022
World Trade $25.7BRnk 176 / 1218
2022
Top Exporter | Top Importer $3.23B | $2.21BGermany | United States
2022
Product Complexity -0.53Rnk 717 / 1033
2021 - 2022
Export Growth (CAGR) -6.88%Rnk 1052 / 1218
2022
Share of World Trade 0.11%Rnk 176 / 1218

About

Overview This page contains the latest trade data of Copper Wire. In 2022, Copper Wire were the world's 176th most traded product, with a total trade of $25.7B. Between 2021 and 2022 the exports of Copper Wire decreased by -6.88%, from $27.6B to $25.7B. Trade in Copper Wire represent 0.11% 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 2022 the top exporters of Copper Wire  were Germany ($3.23B), United Arab Emirates ($3.08B), Belgium ($1.8B), Canada ($1.76B), and United States ($1.51B).

Imports In 2022 the top importers of Copper Wire were United States ($2.21B), Mexico ($1.11B), Italy ($1.1B), Saudi Arabia ($1B), and India ($954M).

Ranking Copper Wire ranks 717th 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 (2022)Germany$3.23B
Top Destination (2022)United States$2.21B

In 2022 Copper Wire were the world's 176th most traded product (out of 1,218).

In 2022, the top exporters of Copper Wire were Germany ($3.23B), United Arab Emirates ($3.08B), Belgium ($1.8B), Canada ($1.76B), and United States ($1.51B).

In 2022, the top importers of Copper Wire were United States ($2.21B), Mexico ($1.11B), Italy ($1.1B), Saudi Arabia ($1B), and India ($954M).

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Exporters of Copper Wire (2022)
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Importers of Copper Wire (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Arab Emirates$450M
Top Destination Growth (2021 -  2022)Qatar$216M

Between 2021 and 2022, the exports of Copper Wire grew the fastest in United Arab Emirates ($450M), Malaysia ($147M), Belgium ($105M), Canada ($75.7M), and Spain ($71.6M).

Between 2021 and 2022, the fastest growing importers of Copper Wire were Qatar ($216M), Turkey ($208M), Portugal ($132M), Morocco ($122M), and Spain ($91.5M).

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Exporters of Copper Wire (2021 - 2022)

Importers of Copper Wire (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.58. This means that most of the exports of Copper Wire are explained by 23 countries.

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Value of Exports in Copper Wire

Net Trade

TOP NET EXPORTER (2022)United Arab Emirates$2.93B
TOP NET IMPORTER (2022)Saudi Arabia$999M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Copper Wire were United Arab Emirates ($2.93B), Germany ($2.34B), Belgium ($1.58B), Canada ($1.38B), and Spain ($1.07B).

In 2022, the countries that had a largest trade value in imports than in exports of Copper Wire were Saudi Arabia ($999M), Mexico ($976M), Morocco ($796M), India ($779M), and United States ($706M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Copper Wire, disaggragated by their HS6 level were Wire of refined copper > 6mm... ($19.5B), Wire of refined copper < 6mm... ($4.53B), Wire, copper-zinc base alloy ($813M), Wire, copper alloy, except nickel/zinc alloys ($722M), and Wire, copper-nickel or copper-nickel-zinc base alloy ($181M)

HS6 Disaggregation for Copper Wire (2022)
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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 (2022)

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 (2022)

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