January-February Copper Enamelled Wire Export Analysis [SMM Analysis]

According to the General Administration of Customs, China's enamelled wire exports in January 2025 were 12,197.7 mt, up 22.79% YoY and down 1.45% MoM; in February, exports were 7,333.07 mt, up 13.07% YoY and down 39.88% MoM. For January-February, total exports of enamelled wire reached 19,530.77 mt, with a cumulative increase of 18.95% YoY (HS code 85441100). In January and February, due to the Chinese New Year holiday, the export pace of enamelled wire slowed, leading to a significant decline in export volume. However, compared to the same period last year, the export volume still achieved substantial growth, demonstrating the resilience of overseas demand for enamelled wire. Specifically, from January to February 2024, China's enamelled wire exports covered 169 countries and regions. Among the top ten export destinations, exports to the Philippines and Indonesia decreased by 31.83% and 46.41% YoY, respectively, while all other countries and regions showed growth. Vietnam, Japan, and Thailand remained the top three, with export volumes of 2,998 mt, 2,785 mt, and 2,152 mt, respectively. Additionally, exports to Mexico, India, and South Korea saw significant increases, growing by 146.19%, 134.49%, and 95.79% YoY, ranking 8th, 9th, and 4th, respectively, indicating the gradual release of market potential in these regions. Data source: General Administration of Customs, SMM整理