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2022
Exports $5.05BWorld Rnk 1 / 196
Flag Rnk 71 / 1217
2022
Destination $503M China
2021 - 2022
FASTEST GROWING MARKET $503MChina
2022
PRODUCT COMPLEXITY IN Scrap Copper-0.9Rnk 809 / 1025
2022
Imports $772MWorld Rnk 9 / 147
Flag Rnk 450 / 1216
2022
Origin $9.9M Canada
2021 - 2022
FASTEST GROWING ORIGIN $9.9MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $5.05B in Scrap Copper, making it the 1st largest exporter of Scrap Copper in the world. At the same year, Scrap Copper was the 71st most exported product in United States. The main destination of Scrap Copper exports from United States are: China ($1.99B), Canada ($559M), South Korea ($437M), Belgium ($306M), and India ($233M).

The fastest growing export markets for Scrap Copper of United States between 2021 and 2022 were China ($503M), Belgium ($123M), and India ($98.2M).

Imports In 2022, United States imported $772M in Scrap Copper, becoming the 9th largest importer of Scrap Copper in the world. At the same year, Scrap Copper was the 450th most imported product in United States. United States imports Scrap Copper primarily from: Canada ($395M), Mexico ($299M), Dominican Republic ($16.9M), Costa Rica ($13.6M), and El Salvador ($7.37M).

The fastest growing import markets in Scrap Copper for United States between 2021 and 2022 were Mexico ($9.9M), Costa Rica ($4.13M), and El Salvador ($3.2M).

COMPANIES In 2023, leading companies such as Arhaus (1) were at the forefront of shipping Scrap Copper to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Scrap Copper exports accounted up to $432M and imports accounted up to $71.2M, resulting in a positive trade balance of $361M. Between August 2023 and August 2024 the exports of United States'   Scrap Copper have increased by $29.2M (7.24%) from $403M to $432M, while imports increased by $14.9M (26.4%) from $56.3M to $71.2M.

Destinations In August 2024, Scrap Copper were exported mostly to China ($212M), Canada ($48.2M), Belgium ($27.6M), Malaysia ($24.5M), and Thailand ($24.1M), and were imported mostly from Canada ($30.5M), Mexico ($29.8M), Bolivia ($1.56M), Costa Rica ($1.34M), and Germany ($1M).

Growth In August 2024, the increase in Scrap Copper's year-by-year exports was explained primarily by an increase in exports to Poland ($7.75M or 109%), Canada ($5.53M or 11.5%), and Germany ($4.36M or 45.5%). In August 2024, the increase in Scrap Copper's year-by-year imports was explained primarily by an increase in imports from Mexico ($1.63M or 6.67%), Honduras ($331k or 249%), and Bahamas ($176k or 97.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$29.2M(7.24%)
IMPORT GROWTH (August 2023 - August 2024)$14.9M(26.4%)
MAIN EXPORTER (August 2024)California$102M
MAIN DESTINATION (August 2024)China$212M

This section shows Scrap 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 Scrap Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.05B
IMPORTS (2022)$772M
NET TRADE (2022)$4.27B

In 2022, United States exported $5.05B in Scrap Copper. The main destinations of United States exports on Scrap Copper were China ($1.99B), Canada ($559M), South Korea ($437M), Belgium ($306M), and India ($233M).

In 2022, United States imported $772M in Scrap Copper, mainly from Canada ($395M), Mexico ($299M), Dominican Republic ($16.9M), Costa Rica ($13.6M), and El Salvador ($7.37M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Copper EXPORT MARKETS FOR United States WERE (2021 - 2022):
China$503M (33.8%)
Belgium$123M (67.1%)
India$98.2M (72.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Copper BY United States WERE (2021 - 2022):
Malaysia-$245M (-61.8%)
Hong Kong-$50.8M (-35.5%)
Greece-$40.2M (-30.3%)
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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 Scrap Copper were:
Germany $2.23B
Japan $2.02B
In 2022, United States's main importing competitors in Scrap Copper were:
China $9.38B
Germany $3.52B
South Korea $2.32B

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Trade Value of Scrap Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $73.9M
TOP IMPORT POTENTIALCanada+ $47.7M

Scrap Copper’s highest export potential is India. With an export gap of $73.9M.   Scrap Copper’s highest import potential is Canada with an import gap of $47.7M.

See methodology.

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