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2022
Exports $10.2BWorld Rnk 6 / 218
Flag Rnk 30 / 96
2022
Destination $519M Mexico
2021 - 2022
FASTEST GROWING MARKET $519MChina
2022
PRODUCT COMPLEXITY IN Copper articles1.39Rnk 71 / 1025
2022
Imports $14.7BWorld Rnk 3 / 225
Flag Rnk 32 / 96
2022
Origin $697M Chile
2021 - 2022
FASTEST GROWING ORIGIN $697MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $10.2B in Copper articles, making it the 6th largest exporter of Copper articles in the world. At the same year, Copper articles was the 30th most exported product in United States. The main destination of Copper articles exports from United States are: Mexico ($2.68B), China ($2.14B), Canada ($1.79B), South Korea ($514M), and Belgium ($334M).

The fastest growing export markets for Copper articles of United States between 2021 and 2022 were China ($519M), Belgium ($120M), and India ($99.4M).

Imports In 2022, United States imported $14.7B in Copper articles, becoming the 3rd largest importer of Copper articles in the world. At the same year, Copper articles was the 32nd most imported product in United States. United States imports Copper articles primarily from: Chile ($3.62B), Canada ($3.6B), Mexico ($1.52B), Germany ($940M), and Peru ($712M).

The fastest growing import markets in Copper articles for United States between 2021 and 2022 were Mexico ($697M), Peru ($259M), and China ($171M).

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

October 2024

About

Overview In October 2024 United States' Copper articles exports accounted up to $1.04B and imports accounted up to $1.36B, resulting in a negative trade balance of $317M. Between October 2023 and October 2024 the exports of United States'   Copper articles have increased by $123M (13.3%) from $920M to $1.04B, while imports increased by $301M (28.4%) from $1.06B to $1.36B.

Destinations In October 2024, Copper articles were exported mostly to Mexico ($343M), China ($278M), Canada ($187M), Malaysia ($32.1M), and Thailand ($29M), and were imported mostly from Chile ($408M), Canada ($344M), Mexico ($101M), Germany ($75M), and Peru ($60.2M).

Growth In October 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 October 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 (October 2023 - October 2024)$123M(13.3%)
IMPORT GROWTH (October 2023 - October 2024)$301M(28.4%)
MAIN EXPORTER (October 2024)Texas$338M
MAIN DESTINATION (October 2024)Mexico$343M

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 (2022)$10.2B
IMPORTS (2022)$14.7B
NET TRADE (2022)-$4.5B

In 2022, United States exported $10.2B in Copper articles. The main destinations of United States exports on Copper articles were Mexico ($2.68B), China ($2.14B), Canada ($1.79B), South Korea ($514M), and Belgium ($334M).

In 2022, United States imported $14.7B in Copper articles, mainly from Chile ($3.62B), Canada ($3.6B), Mexico ($1.52B), Germany ($940M), and Peru ($712M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper articles EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$519M (32%)
Belgium$120M (56.5%)
India$99.4M (61.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper articles BY United States WERE (2021 - 2022):
Mexico-$652M (-19.6%)
Malaysia-$136M (-31.7%)
Canada-$122M (-6.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Copper articles were:
Chile $22B
Democratic Republic of the Congo $17.9B
Germany $16B
In 2022, United States's main importing competitors in Copper articles were:
China $58B
Germany $15.2B

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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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