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Pricing

Aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated)

7614 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.46BRnk 715 / 1217
2023
Top Exporter | Top Importer $694M | $608MIndia | United States
2023
Product Complexity -0.82Rnk 811 / 1044
2022 - 2023
Export Growth (CAGR) 12.9%Rnk 115 / 1217
2023
Share of World Trade 0.011%Rnk 715 / 1217

About

Overview This page contains the latest trade data of Stranded Aluminium Wire. In 2023, Stranded Aluminium Wire were the world's 715th most traded product, with a total trade of $2.46B. Between 2022 and 2023 the exports of Stranded Aluminium Wire grew by 12.9%, from $2.18B to $2.46B. Trade in Stranded Aluminium Wire represent 0.011% of total world trade.

Stranded Aluminium Wire are a part of Aluminum articles. They include Aluminium wire, cables, etc, steel core, uninsulated and Aluminium stranded wire, cable, plait, uninsulated ne.

Exports In 2023 the top exporters of Stranded Aluminium Wire  were India ($694M), China ($518M), Bahrain ($242M), Turkey ($135M), and Mexico ($107M).

Imports In 2023 the top importers of Stranded Aluminium Wire were United States ($608M), Germany ($191M), Bangladesh ($145M), United Kingdom ($66.2M), and Australia ($56.7M).

Ranking Stranded Aluminium Wire ranks 811th in the Product Complexity Index (PCI).

Description Stranded wire is a type of wire that has been twisted together to form a long, thin strand. Stranded wire is used in the production of electrical cables and other products.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Stranded 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)India$694M
Top Destination (2023)United States$608M

In 2023 Stranded Aluminium Wire were the world's 715th most traded product (out of 1,217).

In 2023, the top exporters of Stranded Aluminium Wire were India ($694M), China ($518M), Bahrain ($242M), Turkey ($135M), and Mexico ($107M).

In 2023, the top importers of Stranded Aluminium Wire were United States ($608M), Germany ($191M), Bangladesh ($145M), United Kingdom ($66.2M), and Australia ($56.7M).

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

Color
Top Origin Growth (2022 -  2023)India$192M
Top Destination Growth (2022 -  2023)Germany$109M

Between 2022 and 2023, the exports of Stranded Aluminium Wire grew the fastest in India ($192M), Bahrain ($30.6M), Azerbaijan ($26.7M), Brazil ($25M), and Italy ($23.7M).

Between 2022 and 2023, the fastest growing importers of Stranded Aluminium Wire were Germany ($109M), United States ($87M), Ghana ($34.6M), Turkmenistan ($26.9M), and Saudi Arabia ($22.5M).

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Exporters of Stranded Aluminium Wire (2022 - 2023)

Importers of Stranded Aluminium Wire (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Stranded Aluminium Wire are explained by 13 countries.

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Value of Exports in Stranded Aluminium Wire

Net Trade

TOP NET EXPORTER (2023)India$692M
TOP NET IMPORTER (2023)United States$585M

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

In 2023, the countries that had a largest trade value in exports than in imports of Stranded Aluminium Wire were India ($692M), China ($507M), Bahrain ($228M), Turkey ($126M), and Mexico ($65.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Stranded Aluminium Wire were United States ($585M), Germany ($179M), Bangladesh ($145M), United Kingdom ($64.7M), and Australia ($56.1M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Stranded Aluminium Wire, disaggragated by their HS6 level were Aluminium wire, cables, etc, steel core,... ($1.36B) and Aluminium stranded wire, cable, plait, uninsulated... ($1.1B)

HS6 Disaggregation for Stranded 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 Stranded Aluminium Wire.
It is possible to select the main countries that export or import Stranded Aluminium Wire in the world, or by continent, as well as select the measure of interest.

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $3.34M
TOP IMPORT POTENTIALChina+ $401k

Stranded Aluminium Wire’s highest export potential is Germany. With an export gap of $3.34M.  Stranded Aluminium Wire’s highest import potential is China with an import gap of $401k.

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 Stranded Aluminium Wire.

Country by Relatedness

The following visualization shows the relatedness of Stranded 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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