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854411 (Harmonized System 1992 for 6-digit)

2023
World Trade $6.09BRnk 594 / 4644
2023
Top Exporter | Top Importer $857M | $653MChina | United States
2023
Product Complexity 0.0063Rnk 2538 / 4656
2022 - 2023
Export Growth (CAGR) -6.04%Rnk 2221 / 4644
2023
Share of World Trade 0.027%Rnk 594 / 4644

About

Overview This page contains the latest trade data of Insulated winding wire of copper. In 2023, Insulated winding wire of copper were the world's 594th most traded product, with a total trade of $6.09B. Between 2022 and 2023 the exports of Insulated winding wire of copper decreased by -6.04%, from $6.48B to $6.09B. Trade in Insulated winding wire of copper represent 0.027% of total world trade.

Insulated winding wire of copper are a part of Insulated Wire.

Exports In 2023 the top exporters of Insulated winding wire of copper  were China ($857M), Germany ($720M), Italy ($474M), Mexico ($407M), and United States ($361M).

Imports In 2023 the top importers of Insulated winding wire of copper were United States ($653M), Japan ($510M), Germany ($414M), Czechia ($287M), and Vietnam ($270M).

Ranking Insulated winding wire of copper ranks 2538th in the Product Complexity Index (PCI).

Description Insulated winding wire of copper is commonly used to make electrical coils for transformers and inductors.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Insulated winding wire of copper. 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)China$857M
Top Destination (2023)United States$653M

In 2023 Insulated winding wire of copper were the world's 594th most traded product (out of 4,644).

In 2023, the top exporters of Insulated winding wire of copper were China ($857M), Germany ($720M), Italy ($474M), Mexico ($407M), and United States ($361M).

In 2023, the top importers of Insulated winding wire of copper were United States ($653M), Japan ($510M), Germany ($414M), Czechia ($287M), and Vietnam ($270M).

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Exporters of Insulated winding wire of copper (2023)
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Importers of Insulated winding wire of copper (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$47.2M
Top Destination Growth (2022 -  2023)South Korea$23M

Between 2022 and 2023, the exports of Insulated winding wire of copper grew the fastest in China ($47.2M), Austria ($42.7M), Netherlands ($25M), France ($15.7M), and Hungary ($15.6M).

Between 2022 and 2023, the fastest growing importers of Insulated winding wire of copper were South Korea ($23M), Romania ($21.2M), Germany ($19.9M), Philippines ($18.6M), and Belgium ($14.4M).

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Exporters of Insulated winding wire of copper (2022 - 2023)

Importers of Insulated winding wire of copper (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Insulated winding wire of copper.

In 2023, market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Insulated winding wire of copper are explained by 23 countries.

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Value of Exports in Insulated winding wire of copper

Net Trade

TOP NET EXPORTER (2023)China$650M
TOP NET IMPORTER (2023)Japan$361M

This map shows which countries export or import more of Insulated winding wire of copper. Each country is colored based on the difference in exports and imports of Insulated winding wire of copper during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Insulated winding wire of copper were China ($650M), Germany ($306M), Malaysia ($241M), Spain ($233M), and Italy ($226M).

In 2023, the countries that had a largest trade value in imports than in exports of Insulated winding wire of copper were Japan ($361M), United States ($292M), Czechia ($272M), Vietnam ($229M), and Romania ($152M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Insulated winding wire of copper.
It is possible to select the main countries that export or import Insulated winding wire of copper in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Insulated winding wire of copper by percentage of total exports

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)

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