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2023
Exports $10.4BWorld Rnk 6 / 217
Flag Rnk 25 / 96
2023
Destination $519M Mexico
2022 - 2023
FASTEST GROWING MARKET $519MMexico
2023
PRODUCT COMPLEXITY IN Copper articles1.35Rnk 69 / 1025
2023
Imports $14.7BWorld Rnk 2 / 225
Flag Rnk 31 / 96
2023
Origin $665M Chile
2022 - 2023
FASTEST GROWING ORIGIN $665MChile
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $10.4B in Copper articles, making it the 6th largest exporter of Copper articles in the world. At the same year, Copper articles was the 25th most exported product in United States. The main destination of Copper articles exports from United States are: Mexico ($2.97B), China ($2.62B), Canada ($1.68B), Malaysia ($503M), and Germany ($296M).

The fastest growing export markets for Copper articles of United States between 2022 and 2023 were Mexico ($519M), Malaysia ($161M), and China ($139M).

Imports In 2023, United States imported $14.7B in Copper articles, becoming the 2nd largest importer of Copper articles in the world. At the same year, Copper articles was the 31st most imported product in United States. United States imports Copper articles primarily from: Chile ($4.69B), Canada ($3.5B), Mexico ($941M), Peru ($921M), and Germany ($839M).

The fastest growing import markets in Copper articles for United States between 2022 and 2023 were Chile ($665M), Peru ($197M), and United Arab Emirates ($103M).

COMPANIES In 2023, leading companies such as TE Connectivity (177), CrimsonLogic (138), and Home Depot (129) were at the forefront of shipping Copper articles to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Copper articles exports accounted up to $1.1B and imports accounted up to $1.32B, resulting in a negative trade balance of $222M. Between November 2023 and November 2024 the exports of United States'   Copper articles have increased by $120M (12.2%) from $981M to $1.1B, while imports increased by $485M (57.7%) from $839M to $1.32B.

Destinations In November 2024, Copper articles were exported mostly to Mexico ($339M), China ($289M), Canada ($201M), Malaysia ($32M), and Thailand ($31M), and were imported mostly from Chile ($420M), Canada ($341M), Germany ($70.3M), Peru ($64M), and Mexico ($56.2M).

Growth In November 2024, the increase in Copper articles's year-by-year exports was explained primarily by an increase in exports to Mexico ($76.5M or 39.6%), Canada ($25.3M or 16.9%), and Saudi Arabia ($7.98M or 142%). In November 2024, the increase in Copper articles's year-by-year imports was explained primarily by an increase in imports from Canada ($20.8M or 6.88%), Germany ($8.37M or 14.4%), and Israel ($4.73M or 879%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$120M(12.2%)
IMPORT GROWTH (November 2023 - November 2024)$485M(57.7%)
MAIN EXPORTER (November 2024)Texas$338M
MAIN DESTINATION (November 2024)Mexico$339M

This section shows Copper articles's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Copper articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$10.4B
IMPORTS (2023)$14.7B
NET TRADE (2023)-$4.35B

In 2023, United States exported $10.4B in Copper articles. The main destinations of United States exports on Copper articles were Mexico ($2.97B), China ($2.62B), Canada ($1.68B), Malaysia ($503M), and Germany ($296M).

In 2023, United States imported $14.7B in Copper articles, mainly from Chile ($4.69B), Canada ($3.5B), Mexico ($941M), Peru ($921M), and Germany ($839M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper articles EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$519M (21.1%)
Malaysia$161M (47%)
China$139M (5.59%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper articles BY United States WERE (2022 - 2023):
South Korea-$326M (-52.9%)
Belgium-$102M (-28.2%)
India-$83.6M (-24.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Copper articles were:
Chile $19.9B
Germany $14.7B
Democratic Republic of the Congo $13.3B
In 2023, United States's main importing competitors in Copper articles were:
China $56.7B
Germany $11.3B

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Trade Value of Copper articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $122M
TOP IMPORT POTENTIALMexico+ $209M

Copper articles’s highest export potential is Germany. With an export gap of $122M.   Copper articles’s highest import potential is Mexico with an import gap of $209M.

See methodology.

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