HS Icon Copper Wire

7408 (Harmonized System 1992 for 4-digit)

World Trade (2018): $20.7B, Rnk 178 / 1225

Top Exporter (2018): $2.65B, Germany

Top Importer (2018): $1.78B, India

Product Complexity (2018): -0.41, Rnk 669 / 1018

Export Growth (CAGR)(2017 - 2018): 21.1%, Rnk 310 / 1225

Mean Tariff (2018): 4.62%, Rnk 887 / 1259

Share of World Trade (2018): 0.11%, Rnk 178 / 1225

Overview:  This page contains the latest trade data of Copper Wire. In 2018, Copper Wire were the world's 178th most traded product, with a total trade of $20.7B. Between 2017 and 2018 the exports of Copper Wire grew by 21.1%, from  $17.1B to $20.7B. Trade in Copper Wire represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Copper Wire  were Germany ($2.65B), United Arab Emirates ($2.18B), Russia ($1.49B), Belgium-Luxembourg ($1.42B), and United States ($1.21B).

Imports: In 2018 the top importers of Copper Wire were India ($1.78B), United States ($1.46B), Mexico ($968M), Italy ($962M), and Saudi Arabia ($858M).

Tariffs: In 2018 the average tariff for Copper Wire was 4.62%, been the 887 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Copper Wire are Bahamas (40.9%), Uzbekistan (28.7%), Bermuda (25%), Sudan (21.9%), and Zambia (13.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Copper Wire ranks 669th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $2.65B

Top Destination (2018): India, $1.78B

Copper Wire are the world's 178th most traded product.

In 2018, the top exporters of Copper Wire were Germany ($2.65B), United Arab Emirates ($2.18B), Russia ($1.49B), Belgium-Luxembourg ($1.42B), and United States ($1.21B).

In 2018, the top importers of Copper Wire were India ($1.78B), United States ($1.46B), Mexico ($968M), Italy ($962M), and Saudi Arabia ($858M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $1.35B

Top Destination Growth (2017 - 2018): Saudi Arabia, $770M

Between 2017 and 2018, the exports of Copper Wire grew the fastest in United Arab Emirates ($1.35B), Russia ($488M), Thailand ($399M), Canada ($330M), and Belgium-Luxembourg ($303M).

Between 2017 and 2018, the fastest growing importers of Copper Wire were Saudi Arabia ($770M), United States ($372M), Vietnam ($315M), India ($298M), and Philippines ($228M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Copper Wire are explained by 23 countries.

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TOP NET EXPORTER (2018): United Arab Emirates, $2.14B

TOP NET IMPORTER (2018): India, $1.59B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Copper Wire were United Arab Emirates ($2.14B), Germany ($1.88B), Russia ($1.45B), Belgium-Luxembourg ($1.15B), and Canada ($862M).

In 2018, the countries that had a largest trade value in imports than in exports of Copper Wire were India ($1.59B), Saudi Arabia ($847M), Mexico ($804M), Romania ($527M), and Morocco ($521M).

Trade Forecasts

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This section shows forecasts for total trade for Copper Wire. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Copper Wire was 4.62%.  The countries with the highest tariffs for importing Copper Wire were Bahamas (40.9%), Uzbekistan (28.7%), Bermuda (25%), Sudan (21.9%), and Zambia (13.6%).

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Product Complexity

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Diversification Frontier

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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.