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7416 (Harmonized System 1992 for 4-digit)

2023
World Trade $3.89BRnk 611 / 1217
2023
Top Exporter | Top Importer $650M | $484MGermany | United States
2023
Product Complexity 1.55Rnk 34 / 1042
2022 - 2023
Export Growth (CAGR) -6.65%Rnk 628 / 1217
2023
Share of World Trade 0.017%Rnk 611 / 1217

About

Overview This page contains the latest trade data of Copper Springs. In 2023, Copper Springs were the world's 611th most traded product, with a total trade of $3.89B. Between 2022 and 2023 the exports of Copper Springs decreased by -6.65%, from $4.16B to $3.89B. Trade in Copper Springs represent 0.017% of total world trade.

Copper Springs are a part of Copper articles. They include Copper springs.

Exports In 2023 the top exporters of Copper Springs  were Germany ($650M), China ($616M), Japan ($324M), United States ($286M), and Italy ($258M).

Imports In 2023 the top importers of Copper Springs were United States ($484M), Germany ($292M), China ($244M), France ($215M), and Mexico ($187M).

Ranking Copper Springs ranks 34th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Copper Springs. Countries are shown based on data availability.

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

Explore Latest Trends

* 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)Germany$650M
Top Destination (2023)United States$484M

In 2023 Copper Springs were the world's 611th most traded product (out of 1,217).

In 2023, the top exporters of Copper Springs were Germany ($650M), China ($616M), Japan ($324M), United States ($286M), and Italy ($258M).

In 2023, the top importers of Copper Springs were United States ($484M), Germany ($292M), China ($244M), France ($215M), and Mexico ($187M).

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Exporters of Copper Springs (2023)
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Importers of Copper Springs (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$36.6M
Top Destination Growth (2022 -  2023)Chinese Taipei$99.3M

Between 2022 and 2023, the exports of Copper Springs grew the fastest in France ($36.6M), Germany ($35.8M), Austria ($12.5M), Singapore ($10.9M), and Czechia ($10.7M).

Between 2022 and 2023, the fastest growing importers of Copper Springs were Chinese Taipei ($99.3M), Singapore ($25.4M), France ($23.9M), Democratic Republic of the Congo ($20.8M), and Spain ($18.6M).

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Exporters of Copper Springs (2022 - 2023)

Importers of Copper Springs (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Copper Springs.

In 2023, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Copper Springs are explained by 19 countries.

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Value of Exports in Copper Springs

Net Trade

TOP NET EXPORTER (2023)China$373M
TOP NET IMPORTER (2023)United States$198M

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

In 2023, the countries that had a largest trade value in exports than in imports of Copper Springs were China ($373M), Germany ($358M), Japan ($214M), India ($185M), and Italy ($179M).

In 2023, the countries that had a largest trade value in imports than in exports of Copper Springs were United States ($198M), Mexico ($142M), Thailand ($126M), Poland ($66.2M), and Hong Kong ($65.5M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Copper Springs by percentage of total exports

Potential Exports

Potential Exports

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Copper Springs’s highest export potential is N/A. With an export gap of N/A.  Copper Springs’s highest import potential is N/A with an import gap of N/A.

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)

Country by Relatedness

The following visualization shows the relatedness of Copper Springs 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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