2023
Exports
$863MWorld Rnk 21 / 147
Flag Rnk 262 / 1217
2023
PRODUCT COMPLEXITY IN Refined Copper
-1.41Rnk 931 / 1025
2023
Imports
$6.91BWorld Rnk 2 / 184
Flag Rnk 87 / 1215
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

About

Exports In 2023, United States exported $863M in Refined Copper, making it the 21st largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 262nd most exported product in United States. The main destination of Refined Copper exports from United States are: Mexico ($651M), Canada ($81.9M), China ($22.9M), Finland ($16.5M), and Malaysia ($15.9M).

The fastest growing export markets for Refined Copper of United States between 2022 and 2023 were Mexico ($481M), Finland ($16.5M), and Malaysia ($11.3M).

Imports In 2023, United States imported $6.91B in Refined Copper, becoming the 2nd largest importer of Refined Copper in the world. At the same year, Refined Copper was the 87th most imported product in United States. United States imports Refined Copper primarily from: Chile ($4.63B), Canada ($1.22B), Peru ($705M), Mexico ($116M), and Democratic Republic of the Congo ($106M).

The fastest growing import markets in Refined Copper for United States between 2022 and 2023 were Chile ($623M), Peru ($236M), and Canada ($48.2M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (79), Cinmar (42), and CrimsonLogic (8) were at the forefront of shipping Refined Copper to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-4.78M(-2.34%)
IMPORT GROWTH (November 2023 - November 2024)$366M(143%)
MAIN EXPORTER (November 2024)Texas$147M
MAIN DESTINATION (November 2024)Mexico$164M

This section shows Refined Copper'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 Refined Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$863M
IMPORTS (2023)$6.91B
NET TRADE (2023)-$6.05B

In 2023, United States exported $863M in Refined Copper. The main destinations of United States exports on Refined Copper were Mexico ($651M), Canada ($81.9M), China ($22.9M), Finland ($16.5M), and Malaysia ($15.9M).

In 2023, United States imported $6.91B in Refined Copper, mainly from Chile ($4.63B), Canada ($1.22B), Peru ($705M), Mexico ($116M), and Democratic Republic of the Congo ($106M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$481M (283%)
Finland$16.5M (162k%)
Malaysia$11.3M (251%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY United States WERE (2022 - 2023):
Canada-$72.1M (-46.8%)
United Kingdom-$12.6M (-86.6%)
South Korea-$12M (-78.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Refined Copper were:
In 2023, United States's main importing competitors in Refined Copper were:

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $49.1M
TOP IMPORT POTENTIALCanada+ $166M

Refined Copper’s highest export potential is China. With an export gap of $49.1M.   Refined Copper’s highest import potential is Canada with an import gap of $166M.

See methodology.

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