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Copper wire: top exporters and importers (2024)

In 2024, world trade in copper wire totaled $30 billion (3.2 million tonnes). The top exporters were Germany (12%), the United Arab Emirates (8%) and Belgium (7%); the top importers were the United States (8%), Saudi Arabia (7%) and Morocco (6%). Compared with 2019, the value rose 59%.

Summary

World trade
$30billion
Tonnes
3.2million tonnes
Price per tonne
$9,275
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Germany$3.7 billion · 12.4%
  2. United Arab Emirates$2.5 billion · 8.3%
  3. Belgium$2.2 billion · 7.2%
    re-exports
  4. Spain$2 billion · 6.7%
  5. Canada$1.9 billion · 6.4%
  6. United States$1.6 billion · 5.2%
  7. China$1.4 billion · 4.5%
  8. Poland$1.3 billion · 4.3%
  9. Italy$1.2 billion · 4.2%
  10. Thailand$1.1 billion · 3.7%
  11. Turkey$1.1 billion · 3.7%
  12. Egypt$930 million · 3.1%
  13. Indonesia$889 million · 3%
  14. Malaysia$851 million · 2.8%
  15. France$820 million · 2.7%
  16. Russia$793 million · 2.6%
  17. Uzbekistan$781 million · 2.6%
  18. India$607 million · 2%
  19. Peru$493 million · 1.6%
  20. South Korea$460 million · 1.5%

World supply

Germany went from 13.5% to 12.4% of world exports of copper wire

In 2024, Germany accounted for 12.4% of recorded world exports and the three largest exporters together for 27.9%. HHI: 537 out of 10,000; equivalent to 19 exporters of the same size.

Share of recorded exports, not of production: a country that produces a lot and consumes almost all of it may export little

Some of these goods may have been produced in another country: countries record origin in different ways.

Trend in supply

Share of world exports of the largest exporter and of the three largest

Share (%)

  • Largest exporter each year 12.4%
  • Three largest 27.9%

Source: CEPII BACI

Show the numbers
Year19952024
Largest exporter each year13.9%12.4%
Three largest40.3%27.9%

Countries where Germany sells more than half of what they buy

Countries that buy more than half of this product from its largest exporter, with its share.

Top importers

  1. United States$2.5 billion · 8.5%
  2. Saudi Arabia$2.1 billion · 7.1%
  3. Morocco$1.7 billion · 5.6%
  4. India$1.6 billion · 5.5%
  5. Italy$1.5 billion · 5%
  6. Turkey$1.4 billion · 4.7%
  7. Mexico$1.2 billion · 3.9%
  8. Vietnam$950 million · 3.2%
  9. China$873 million · 2.9%
  10. Czechia$853 million · 2.8%
  11. Germany$838 million · 2.8%
  12. France$702 million · 2.3%
  13. Romania$661 million · 2.2%
  14. Egypt$644 million · 2.2%
  15. Hungary$614 million · 2.1%
  16. Philippines$611 million · 2%
  17. Poland$513 million · 1.7%
  18. Austria$500 million · 1.7%
  19. Portugal$500 million · 1.7%
  20. South Africa$493 million · 1.6%

Trend

Who sells it

Germany was the top exporter throughout the period

Value in USD billions. The five largest exporters in 2024.

  • Germany 3.7
  • United Arab Emirates 2.5
  • Belgium 2.2
  • Spain 2
  • Canada 1.9

Source: CEPII BACI

Show the numbers
Country19952024
Germany0.793.7
United Arab Emirates< 0.012.5
Belgium0.752.2
Spain0.162
Canada0.161.9

Price

Implied price

The price per tonne rose 187% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $9,275

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$3,237
1996$2,819
1997$2,684
1998$2,176
1999$2,059
2000$2,271
2001$2,058
2002$2,013
2003$2,214
2004$3,122
2005$3,889
2006$6,616
2007$7,261
2008$7,477
2009$5,385
2010$7,376
2011$9,085
2012$8,211
2013$7,591
2014$7,188
2015$6,291
2016$5,383
2017$6,519
2018$7,151
2019$6,547
2020$6,609
2021$9,254
2022$9,271
2023$8,916
2024$9,275

What it includes

  • 7408 · Copper wire

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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