Copper Wire in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $760M in Copper Wire, making it the 12th largest exporter of Copper Wire in the world. At the same year, Copper Wire was the 503rd most exported product in China. The main destination of Copper Wire exports from China are: Vietnam ($145M), Philippines ($135M), Thailand ($96M), India ($47.1M), and Malaysia ($42.5M).

The fastest growing export markets for Copper Wire of China between 2021 and 2022 were Philippines ($28.4M), India ($22.8M), and Ethiopia ($10.2M).

Imports In 2022, China imported $953M in Copper Wire, becoming the 6th largest importer of Copper Wire in the world. At the same year, Copper Wire was the 231st most imported product in China. China imports Copper Wire primarily from: Indonesia ($278M), Malaysia ($142M), Vietnam ($132M), Chinese Taipei ($86.1M), and South Korea ($81.4M).

The fastest growing import markets in Copper Wire for China between 2021 and 2022 were Malaysia ($71.5M), South Africa ($6.52M), and Hong Kong ($6.48M).

COMPANIES In 2023, leading companies such as CRIMSONLOGIC US INC (12), JO-ANN STORES, LLC (5), and TE CONNECTIVITY CORPORATION (3) were at the forefront of shipping Copper Wire from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Copper Wire exports accounted up to $112M and imports accounted up to $74.5M, resulting in a positive trade balance of $37.6M. Between March 2023 and March 2024 the exports of China's Copper Wire have increased by $33.9M (43.3%) from $78.2M to $112M, while imports decreased by $-32.8M (-30.5%) from $107M to $74.5M.

Destinations In March 2024, Copper Wire were exported mostly to Philippines ($22.2M), Vietnam ($21M), Thailand ($14.2M), India ($8.86M), and South Korea ($8.53M), and were imported mostly from Indonesia ($35.1M), Chinese Taipei ($16.7M), Japan ($6.46M), South Korea ($6.05M), and Malaysia ($2.98M).

Growth In March 2024, the increase in Copper Wire's year-by-year exports was explained primarily by an increase in exports to Philippines ($12.6M or 397%), New Zealand ($1.65M or 355%), and Cambodia ($1.62M or 146%). In March 2024, the decrease in Copper Wire's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-10.1M or -67.9%), Chinese Taipei ($-6.95M or -51.4%), and Indonesia ($-5.86M or -20.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$33.9M(43.3%)

IMPORT GROWTH (March 2023 - March 2024)$-32.8M(-30.5%)

MAIN EXPORTER (March 2024)Guangdong Province$39.2M

MAIN DESTINATION (March 2024)Philippines$22.2M

This section shows Copper Wire's exports and imports data at subnational level for China. 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 Wire over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$760M

IMPORTS (2022)$953M

NET TRADE (2022)-$193M

In 2022, China exported $760M in Copper Wire. The main destinations of China exports on Copper Wire were Vietnam ($145M), Philippines ($135M), Thailand ($96M), India ($47.1M), and Malaysia ($42.5M).

In 2022, China imported $953M in Copper Wire, mainly from Indonesia ($278M), Malaysia ($142M), Vietnam ($132M), Chinese Taipei ($86.1M), and South Korea ($81.4M).

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