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7416 (Harmonized System 1992 for 4-digit)

2022
World Trade $3.89BRnk 618 / 1218
2022
Top Exporter | Top Importer $674M | $420MGermany | United States
2022
Product Complexity 1.45Rnk 52 / 1037
2017 - 2022
Export Growth (CAGR) 2.45B%Rnk 1 / 1218
2022
Share of World Trade 0.016%Rnk 618 / 1218

About

Overview This page contains the latest trade data of Copper Springs. In 2022, Copper Springs were the world's 618th most traded product, with a total trade of $3.89B. Between 2017 and 2022 the exports of Copper Springs grew by 2.45B%, from $159 to $3.89B. Trade in Copper Springs represent 0.016% of total world trade.

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

Exports In 2022 the top exporters of Copper Springs  were Germany ($674M), China ($481M), Japan ($285M), Italy ($269M), and India ($265M).

Imports In 2022 the top importers of Copper Springs were United States ($420M), China ($373M), Germany ($293M), France ($201M), and Mexico ($199M).

Ranking Copper Springs ranks 52nd in the Product Complexity Index (PCI).

Description -

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.

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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 (2022)Germany$674M
Top Destination (2022)United States$420M

In 2022 Copper Springs were the world's 618th most traded product (out of 1,218).

In 2022, the top exporters of Copper Springs were Germany ($674M), China ($481M), Japan ($285M), Italy ($269M), and India ($265M).

In 2022, the top importers of Copper Springs were United States ($420M), China ($373M), Germany ($293M), France ($201M), and Mexico ($199M).

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Exporters of Copper Springs (2022)
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Importers of Copper Springs (2022)
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Market Dynamics

Color
Top Origin Growth (2017 -  2022)Germany$674M
Top Destination Growth (2017 -  2022)United States$420M

Between 2017 and 2022, the exports of Copper Springs grew the fastest in Germany ($674M), China ($481M), Japan ($285M), Italy ($269M), and India ($265M).

Between 2017 and 2022, the fastest growing importers of Copper Springs were United States ($420M), China ($373M), Germany ($293M), France ($201M), and Mexico ($199M).

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Exporters of Copper Springs (2017 - 2022)

Importers of Copper Springs (2017 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Copper Springs are explained by 20 countries.

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Value of Exports in Copper Springs

Net Trade

TOP NET EXPORTER (2022)Germany$381M
TOP NET IMPORTER (2022)Mexico$163M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Copper Springs were Germany ($381M), Japan ($203M), India ($194M), Italy ($185M), and South Korea ($145M).

In 2022, the countries that had a largest trade value in imports than in exports of Copper Springs were Mexico ($163M), United States ($162M), Vietnam ($95.9M), Hungary ($93.4M), and Poland ($58.3M).

Net Trade (2022)

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 (2022)

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 (2022)

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