Refined Copper in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $2.47B in Refined Copper, making it the 12th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 259th most exported product in China. The main destination of Refined Copper exports from China are: China ($721M), Chinese Taipei ($644M), South Korea ($416M), Vietnam ($390M), and Thailand ($93.9M).

The fastest growing export markets for Refined Copper of China between 2021 and 2022 were China ($276M), Chinese Taipei ($80.9M), and South Korea ($23.3M).

Imports In 2022, China imported $34.7B in Refined Copper, becoming the 1st largest importer of Refined Copper in the world. At the same year, Refined Copper was the 10th most imported product in China. China imports Refined Copper primarily from: Chile ($7.7B), Democratic Republic of the Congo ($6.72B), Russia ($2.87B), Kazakhstan ($2.33B), and South Korea ($1.94B).

The fastest growing import markets in Refined Copper for China between 2021 and 2022 were Russia ($1.58B), Chile ($1.11B), and Democratic Republic of the Congo ($865M).

COMPANIES In 2023, leading companies such as CINMAR LLC (528), AT HOME PROCUREMENT INC (52), and GLOBAL ETRADE SERVICES INC (24) were at the forefront of shipping Refined Copper from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Refined Copper exports accounted up to $119M and imports accounted up to $2.44B, resulting in a negative trade balance of $2.32B. Between February 2023 and February 2024 the exports of China's Refined Copper have decreased by $-259M (-68.6%) from $378M to $119M, while imports increased by $17.2M (0.71%) from $2.42B to $2.44B.

Destinations In February 2024, Refined Copper were exported mostly to Vietnam ($47.1M), Taiwan ($31.3M), Thailand ($28M), Singapore ($5.45M), and Indonesia ($4.25M), and were imported mostly from Democratic Republic of the Congo ($745M), Chile ($506M), Kazakhstan ($246M), Russia ($126M), and Peru ($101M).

Growth In February 2024, the decrease in Refined Copper's year-by-year exports was explained primarily by a decrease in exports to Taiwan ($-43.8M or -70.2%), Bangladesh ($-4.72M or -100%), and South Korea ($-1.44M or -100%). In February 2024, the increase in Refined Copper's year-by-year imports was explained primarily by an increase in imports from Democratic Republic of the Congo ($298M or 69.3%), Peru ($129M or 192%), and Zambia ($30.3M or 59.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-259M(-68.6%)

IMPORT GROWTH (February 2023 - February 2024)$17.2M(0.71%)

MAIN EXPORTER (February 2024)Anhui Province$39.8M

MAIN DESTINATION (February 2024)Vietnam$47.1M

This section shows Refined Copper's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Refined Copper over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.47B

IMPORTS (2022)$34.7B

NET TRADE (2022)-$32.2B

In 2022, China exported $2.47B in Refined Copper. The main destinations of China exports on Refined Copper were China ($721M), Chinese Taipei ($644M), South Korea ($416M), Vietnam ($390M), and Thailand ($93.9M).

In 2022, China imported $34.7B in Refined Copper, mainly from Chile ($7.7B), Democratic Republic of the Congo ($6.72B), Russia ($2.87B), Kazakhstan ($2.33B), and South Korea ($1.94B).

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