HS Icon Stranded Copper Wire

7413 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.05B, Rnk 730 / 1225

Top Exporter (2018): $425M, United States

Top Importer (2018): $300M, Mexico

Product Complexity (2018): -0.16, Rnk 599 / 1018

Export Growth (CAGR)(2017 - 2018): 20.9%, Rnk 316 / 1225

Mean Tariff (2018): 6.05%, Rnk 696 / 1259

Share of World Trade (2018): 0.011%, Rnk 730 / 1225

Overview:  This page contains the latest trade data of Stranded Copper Wire. In 2018, Stranded Copper Wire were the world's 730th most traded product, with a total trade of $2.05B. Between 2017 and 2018 the exports of Stranded Copper Wire grew by 20.9%, from  $1.7B to $2.05B. Trade in Stranded Copper Wire represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Stranded Copper Wire  were United States ($425M), Turkey ($422M), Germany ($286M), Poland ($135M), and Spain ($134M).

Imports: In 2018 the top importers of Stranded Copper Wire were Mexico ($300M), Germany ($170M), Hungary ($127M), Italy ($125M), and France ($123M).

Tariffs: In 2018 the average tariff for Stranded Copper Wire was 6.05%, been the 696 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Stranded Copper Wire are Bahamas (42.4%), Sri Lanka (30%), Uzbekistan (28.7%), Zimbabwe (27.3%), and Malaysia (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and North Macedonia (0%).

Ranking: Stranded Copper Wire ranks 599th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $425M

Top Destination (2018): Mexico, $300M

Stranded Copper Wire are the world's 730th most traded product.

In 2018, the top exporters of Stranded Copper Wire were United States ($425M), Turkey ($422M), Germany ($286M), Poland ($135M), and Spain ($134M).

In 2018, the top importers of Stranded Copper Wire were Mexico ($300M), Germany ($170M), Hungary ($127M), Italy ($125M), and France ($123M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Turkey, $77.7M

Top Destination Growth (2017 - 2018): Germany, $50.6M

Between 2017 and 2018, the exports of Stranded Copper Wire grew the fastest in Turkey ($77.7M), Poland ($69.2M), United States ($58.4M), Vietnam ($33.5M), and Germany ($21.3M).

Between 2017 and 2018, the fastest growing importers of Stranded Copper Wire were Germany ($50.6M), Italy ($46.8M), Hungary ($45.7M), Philippines ($35.9M), and Mexico ($26.1M).

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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 Stranded Copper Wire.

In 2018,  market concentration measured using Shannon Entropy, was 3.87. This means that most of the exports of Stranded Copper Wire are explained by 14 countries.

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TOP NET EXPORTER (2018): Turkey, $418M

TOP NET IMPORTER (2018): Mexico, $287M

This map shows which countries export or import more of Stranded Copper Wire. Each country is colored based on the difference in exports and imports of Stranded Copper Wire during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Stranded Copper Wire were Turkey ($418M), United States ($367M), Germany ($117M), Spain ($111M), and Poland ($71.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Stranded Copper Wire were Mexico ($287M), Hungary ($124M), Canada ($107M), United Kingdom ($64.5M), and France ($58.6M).

Trade Forecasts

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This section shows forecasts for total trade for Stranded 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 Stranded Copper Wire was 6.05%.  The countries with the highest tariffs for importing Stranded Copper Wire were Bahamas (42.4%), Sri Lanka (30%), Uzbekistan (28.7%), Zimbabwe (27.3%), and Malaysia (25%).

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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.