Strong Export Momentum: Copper Enamelled Wire Export Volume in November Hits New High for the Year [SMM Analysis]

Published: Dec 23, 2024 11:25

Save

[SMM Analysis: Strong Export Momentum, Copper Enamelled Wire Exports Hit Annual High in November] According to data from the General Administration of Customs, China exported a total of 10,450.67 mt of copper enamelled wire in November, up 8.82% YoY and up 7.49% MoM. As of now, China has cumulatively exported 105,984.69 mt of copper enamelled wire from January to November, up 27.56% YoY. (HS code 85441100)

》View SMM Copper Quotes, Data, and Market Analysis

》Click to View Historical Price Trends of SMM Spot Copper

According to data from the General Administration of Customs, China exported a total of 10,450.67 mt of copper enamelled wire in November, up 8.82% YoY and 7.49% MoM. From January to November, China cumulatively exported 105,984.69 mt of copper enamelled wire, up 27.56% YoY. (HS code 85441100)

According to SMM, downstream enterprises related to enamelled wire accelerated their exports due to concerns over changes in export policies, creating a "rush to export" trend, which led to a continuous increase in enamelled wire export volumes in November. Specifically, in November, China exported copper enamelled wire to 153 countries and regions. Among the top 10 countries and regions by export volume, only exports to Malaysia decreased by 8.95% MoM, while exports to other countries and regions showed growth. In terms of export volume rankings, there was relatively small change. Vietnam, Japan, and Thailand remained the top three, with specific volumes of 1,610 mt, 1,263 mt, and 1,187 mt, respectively. Exports to Germany and Hong Kong SAR increased by 10.69% and 28.72% MoM, entering the top 10 and ranking ninth and tenth, respectively. Additionally, exports of copper enamelled wire to Egypt dropped significantly in November, with only 71.79 mt exported, ranking 21st.

Regarding export provinces, the top three provinces by export volume in November were Zhejiang, Jiangsu, and Guangdong. Among them, Jiangsu's enamelled wire export volume increased by 29.23% MoM, rising to second place, while Guangdong's export volume decreased by 2.42%, ranking third. Meanwhile, Liaoning's export volume fell by 42.1% MoM, dropping to fifth place, while Anhui province saw an 18.23% increase, surpassing Liaoning to rank fourth. Specifically, export data from the General Administration of Customs for October showed that the export volumes of Zhejiang, Jiangsu, Guangdong, Anhui, and Liaoning were 2,742 mt, 2,643 mt, 2,001 mt, 649 mt, and 552 mt, respectively, accounting for 26.2%, 25.3%, 21.03%, 19.2%, 6.2%, and 5.3%, ranking in the top five.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 hours ago

"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"

Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan

16 hours ago

"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.

16 hours ago

Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions

After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."

16 hours ago