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Aluminium wire

7605 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.55BRnk 506 / 1217
2023
Top Exporter | Top Importer $663M | $861MBahrain | United States
2023
Product Complexity -0.73Rnk 786 / 1044
2022 - 2023
Export Growth (CAGR) -8.38%Rnk 693 / 1217
2023
Share of World Trade 0.025%Rnk 506 / 1217

About

Overview This page contains the latest trade data of Aluminium Wire. In 2023, Aluminium Wire were the world's 506th most traded product, with a total trade of $5.55B. Between 2022 and 2023 the exports of Aluminium Wire decreased by -8.38%, from $6.06B to $5.55B. Trade in Aluminium Wire represent 0.025% of total world trade.

Aluminium Wire are a part of Aluminum articles. They include Wire, aluminium, not alloyed, t > 7mm, Wire, aluminium alloy, t > 7mm, Wire, aluminium alloy, t < 7mm, and Wire, aluminium, not alloyed, t < 7mm.

Exports In 2023 the top exporters of Aluminium Wire  were Bahrain ($663M), Canada ($650M), India ($500M), Russia ($378M), and Malaysia ($271M).

Imports In 2023 the top importers of Aluminium Wire were United States ($861M), Saudi Arabia ($378M), Germany ($311M), Italy ($284M), and Netherlands ($265M).

Ranking Aluminium Wire ranks 786th in the Product Complexity Index (PCI).

Description Aluminium wire is used in the production of other goods. It can be made from a variety of materials, including copper, iron, and aluminium.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Aluminium Wire. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Bahrain$663M
Top Destination (2023)United States$861M

In 2023 Aluminium Wire were the world's 506th most traded product (out of 1,217).

In 2023, the top exporters of Aluminium Wire were Bahrain ($663M), Canada ($650M), India ($500M), Russia ($378M), and Malaysia ($271M).

In 2023, the top importers of Aluminium Wire were United States ($861M), Saudi Arabia ($378M), Germany ($311M), Italy ($284M), and Netherlands ($265M).

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Exporters of Aluminium Wire (2023)
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Importers of Aluminium Wire (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$103M
Top Destination Growth (2022 -  2023)Saudi Arabia$94.3M

Between 2022 and 2023, the exports of Aluminium Wire grew the fastest in India ($103M), Malaysia ($29.3M), South Korea ($18.6M), Poland ($18.5M), and Kazakhstan ($9.68M).

Between 2022 and 2023, the fastest growing importers of Aluminium Wire were Saudi Arabia ($94.3M), Egypt ($66.3M), Bahrain ($36.4M), Algeria ($26.1M), and Turkey ($26M).

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Exporters of Aluminium Wire (2022 - 2023)

Importers of Aluminium Wire (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Aluminium Wire.

In 2023, market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Aluminium Wire are explained by 24 countries.

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Value of Exports in Aluminium Wire

Net Trade

TOP NET EXPORTER (2023)Canada$623M
TOP NET IMPORTER (2023)United States$780M

This map shows which countries export or import more of Aluminium Wire. Each country is colored based on the difference in exports and imports of Aluminium Wire during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Aluminium Wire were Canada ($623M), Bahrain ($582M), India ($446M), Russia ($357M), and Mozambique ($249M).

In 2023, the countries that had a largest trade value in imports than in exports of Aluminium Wire were United States ($780M), Saudi Arabia ($372M), Germany ($226M), Turkey ($139M), and Sweden ($120M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Aluminium Wire, disaggragated by their HS6 level were Wire, aluminium, not alloyed, t >... ($4.06B), Wire, aluminium alloy, t > 7mm ($872M), Wire, aluminium alloy, t < 7mm ($370M), and Wire, aluminium, not alloyed, t <... ($249M)

HS6 Disaggregation for Aluminium Wire (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Aluminium Wire.
It is possible to select the main countries that export or import Aluminium Wire in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Aluminium Wire by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $3.52M
TOP IMPORT POTENTIALChina+ $1.12M

Aluminium Wire’s highest export potential is China. With an export gap of $3.52M.  Aluminium Wire’s highest import potential is China with an import gap of $1.12M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Aluminium Wire.

Country by Relatedness

The following visualization shows the relatedness of Aluminium Wire to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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