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2022
Exports $374MWorld Rnk 5 / 133
Flag Rnk 458 / 1217
2022
Destination $6.58M Canada
2021 - 2022
FASTEST GROWING MARKET $6.58MCanada
2022
PRODUCT COMPLEXITY IN Copper Bars0.25Rnk 470 / 1025
2022
Imports $609MWorld Rnk 2 / 205
Flag Rnk 488 / 1216
2022
Origin $27.1M Peru
2021 - 2022
FASTEST GROWING ORIGIN $27.1MFrance
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $374M in Copper Bars, making it the 5th largest exporter of Copper Bars in the world. At the same year, Copper Bars was the 458th most exported product in United States. The main destination of Copper Bars exports from United States are: Canada ($150M), Mexico ($109M), Germany ($19M), China ($11.7M), and United Kingdom ($9M).

The fastest growing export markets for Copper Bars of United States between 2021 and 2022 were Canada ($6.58M), Germany ($4.52M), and France ($3.1M).

Imports In 2022, United States imported $609M in Copper Bars, becoming the 2nd largest importer of Copper Bars in the world. At the same year, Copper Bars was the 488th most imported product in United States. United States imports Copper Bars primarily from: Peru ($89.9M), Germany ($82.7M), Brazil ($74.1M), France ($71.6M), and Mexico ($67.4M).

The fastest growing import markets in Copper Bars for United States between 2021 and 2022 were France ($27.1M), Brazil ($26.5M), and Peru ($17.4M).

COMPANIES In 2023, leading companies such as TE Connectivity (11), Cinmar (8), and ABB Motors and Mechanical (4) were at the forefront of shipping Copper Bars to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Copper Bars exports accounted up to $35.1M and imports accounted up to $57M, resulting in a negative trade balance of $21.8M. Between June 2023 and June 2024 the exports of United States'   Copper Bars have increased by $3.17M (9.91%) from $31.9M to $35.1M, while imports increased by $8.42M (17.4%) from $48.5M to $57M.

Destinations In June 2024, Copper Bars were exported mostly to Canada ($14.8M), Mexico ($11.8M), Germany ($1.88M), China ($1.49M), and United Kingdom ($676k), and were imported mostly from Peru ($9.54M), Mexico ($7.71M), Germany ($7.66M), France ($7.55M), and Israel ($5.06M).

Growth In June 2024, the increase in Copper Bars's year-by-year exports was explained primarily by an increase in exports to Germany ($1.25M or 150%), France ($557k or 508%), and Singapore ($505k or 347%). In June 2024, the increase in Copper Bars's year-by-year imports was explained primarily by an increase in imports from Germany ($1.52M or 75%), Peru ($1.36M or 20.4%), and Italy ($728k or 486%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$3.17M(9.91%)
IMPORT GROWTH (June 2023 - June 2024)$8.42M(17.4%)
MAIN EXPORTER (June 2024)Ohio$11M
MAIN DESTINATION (June 2024)Canada$14.8M

This section shows Copper Bars'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 Copper Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$374M
IMPORTS (2022)$609M
NET TRADE (2022)-$235M

In 2022, United States exported $374M in Copper Bars. The main destinations of United States exports on Copper Bars were Canada ($150M), Mexico ($109M), Germany ($19M), China ($11.7M), and United Kingdom ($9M).

In 2022, United States imported $609M in Copper Bars, mainly from Peru ($89.9M), Germany ($82.7M), Brazil ($74.1M), France ($71.6M), and Mexico ($67.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Bars EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$6.58M (4.59%)
Germany$4.52M (31.2%)
France$3.1M (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Bars BY United States WERE (2021 - 2022):
Mexico-$3.26M (-2.9%)
Chinese Taipei-$2.96M (-60%)
Hong Kong-$2.03M (-49.9%)
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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 Copper Bars were:
Germany $1.22B
Italy $700M
France $496M
In 2022, United States's main importing competitors in Copper Bars were:
Germany $763M
Italy $547M

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Trade Value of Copper Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.78M
TOP IMPORT POTENTIALGermany+ $15.5M

Copper Bars’s highest export potential is China. With an export gap of $8.78M.   Copper Bars’s highest import potential is Germany with an import gap of $15.5M.

See methodology.

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