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US Copper Exports & Imports in 2007American Copper Shipments Gain 14.4% Fuelled by Asian Demand
Olympics host China consumed 45.9% of total American copper exports worth US$5.4 billion last year, while Chile supplied 42.5% of U.S. imported copper worth $7.8 billion.
In the United States, about 58% of copper is used for electrical wiring while 22% of the reddish-brown metal is an important component of corrosion-resistant tubing including water pipes. Heat transfer devices like radiators as well as support and roofing are often made from copper. U.S. building construction accounts for almost half of America’s total consumption of copper while electrical and electronic products require close to 25%. Transportation equipment, consumer products and industrial machinery are responsible for about 30% of overall U.S. copper needs. While the American economy depends on copper imported from around the world, the U.S. also exports a significant amount of the metal. In fact, U.S. copper exports are increasing at a faster rate than copper imports. The analysis below first shows the countries importing the most American copper and then examines those nations shipping the most copper to the U.S. Top Countries for US Copper ExportsSales of complete copper from America to the rest of the world were US$5.4 billion in 2007. The following 10 countries bought 93.3% of total U.S. copper exports in 2007.
Fastest-Growing Consumers of US CopperLast year, American copper exports to the world rose 14.4% from 2006 and were up 256.1% since 2003. With the exception of Belgium, U.S. copper exports to Asian nations gained at the fastest rates.
Fastest-Declining Consumers of US CopperLed by Taiwan, the following countries bought less copper from the U.S. last year.
Top Countries for Supplying Copper to USAmerica imported US$7.8 billion worth of copper in 2007. The top 10 providers listed below generate nearly 99% of US copper imports.
Fastest-Growing Copper Suppliers to USAmerican copper imports from the world fell 4.7% last year from the prior year but were up 336% since 2003. Among the top 10 exporters of copper to America, Spanish copper exports to the U.S. rose at the steepest rate.
Fastest-Declining Copper Suppliers to USThe following countries exported less copper into the U.S. last year, with Germany showing the highest percentage decline.
Sources for this ArticleThis article presents independent calculations and insights based on data drawn from the U.S. Census Bureau – Foreign Trade Statistics and the Copper Development Association.
The copyright of the article US Copper Exports & Imports in 2007 in Import/Export is owned by Daniel Workman. Permission to republish US Copper Exports & Imports in 2007 in print or online must be granted by the author in writing.
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