ProceduresGovernment

Copper Wire

Código 7408 (Harmonized System 2012 by 4 digits)

 2024: US$1.41B, Total Trade Exchange

2024: US$223M, International Sales

  2024: US$1.18B, International Purchases

In 2024, the trade exchange (includes international purchases and sales) of Copper Wire was US$1.41B.

In 2024, the states with the most international sales in Copper Wire were Sonora (US$176M), Nuevo León (US$14.5M), Ciudad de México (US$8.84M), Guanajuato (US$6.02M), and Coahuila de Zaragoza (US$3.63M).

The states with the most international purchases in 2024 were Coahuila de Zaragoza (US$242M), Nuevo León (US$201M), Guanajuato (US$176M), Chihuahua (US$159M), and Sonora (US$97.7M).

In 2024, the main commercial destinations of Copper Wire were United States (US$150M), Nicaragua (US$42M), Venezuela (US$9.04M), Honduras (US$5.92M), and Spain (US$2.88M).

The main commercial origins of Copper Wire in 2024 were United States (US$1.08B), Spain (US$25M), Peru (US$17.4M), China (US$10.8M), and Chile (US$10.2M).

In the global context, the main exporting countries of Copper Wire in 2022 were Germany (US$3.44B), United Arab Emirates (US$3.04B), and Canada (US$1.76B). In the same year, the main importing countries of Copper Wire were United States (US$2.23B), Italy (US$1.3B), and Mexico (US$1.15B).

Trade Balance of Mexico

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Net Trade Balance

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US$1.41B, Total Trade Exchange (2024)

In 2024, the total trade exchange of Copper Wire in Mexico (including international purchases and sales) was US$1.41B.

The visualizations show the net balance of Copper Wire at the level of states and countries. Colors more similar to blue, indicate that the territory presented a higher level of international sales. Colors more similar to red, indicate that the territory presented a higher level of international purchases.

Net International Trade

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December, 2024

  • US$68.3M, International Purchases
  • US$5.78M, International Sales

In December 2024, international sales of Copper Wire were US$5.78M, while international purchases reached US$68.3M. The above results in a trade balance of -US$62.5M.

Market Concentration

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2024-Q4: US$27.1M, International Sales

The visualization shows the quarterly concentration of international sales of Copper Wire at state level.

In the fourth quarter of 2024, international sales were US$27.1M, being the states with the most sales Sonora (US$22.6M), Nuevo León (US$3.54M), and Chihuahua (US$668k).

Exchange by Territory

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International Sales

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Sonora: US$176M, State with the Most International Sales (2024)

United States: US$150M, Main commercial destination (2024)

In 2024, the states with the highest international sales in Copper Wire were Sonora (US$176M), Nuevo León (US$14.5M), Ciudad de México (US$8.84M), Guanajuato (US$6.02M), and Coahuila de Zaragoza (US$3.63M).

In 2024, the countries with the most international purchases from Mexico were United States (US$150M), Nicaragua (US$42M), Venezuela (US$9.04M), Honduras (US$5.92M), and Spain (US$2.88M).

International Purchases

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Coahuila de Zaragoza: US$242M, State with the Most International Purchases (2024)

United States: US$1.08B, Main Commercial Origin (2024)

In 2024, the states with the highest international in Copper Wire were Coahuila de Zaragoza (US$242M), Nuevo León (US$201M), Guanajuato (US$176M), Chihuahua (US$159M), and Sonora (US$97.7M).

The countries with the most international sales to Mexico in 2024 were United States (US$1.08B), Spain (US$25M), Peru (US$17.4M), China (US$10.8M), and Chile (US$10.2M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Copper Wire  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Copper Wire. On the other hand, high levels of complexity (ECI) are associated with higher levels of income, potential for economic growth, lower income inequality and lower emissions.

Origins and Trade Destinations

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  • 0.58%, Mexican share in global exports - 2022
  • 4.42%, Mexican share in global imports - 2022

The visualizations show the global market for Copper Wire. In both charts, Mexico stands out in order to identify its participation in the export and import market.

In 2022, the main exporting countries of Copper Wire were Germany (US$3.44B), United Arab Emirates (US$3.04B), and Canada (US$1.76B). In the same year, the main importing countries for Copper Wire were United States (US$2.23B), Italy (US$1.3B), and Mexico (US$1.15B).