Copper Ore in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $3.52B in Copper Ore, making it the 5th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 23rd most exported product in Canada. The main destination of Copper Ore exports from Canada are: China ($1.07B), Japan ($1.03B), South Korea ($775M), United States ($125M), and Germany ($124M).

The fastest growing export markets for Copper Ore of Canada between 2021 and 2022 were South Korea ($40.2M), Mexico ($40M), and United States ($26M).

Imports In 2022, Canada imported $896M in Copper Ore, becoming the 13th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 136th most imported product in Canada. Canada imports Copper Ore primarily from: United States ($515M), Panama ($136M), Peru ($127M), Mexico ($98.9M), and Turkey ($10.3M).

The fastest growing import markets in Copper Ore for Canada between 2021 and 2022 were Peru ($114M), Panama ($88.4M), and Mexico ($42.3M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Copper Ore from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Copper Ore exports accounted up to C$391M and imports accounted up to C$124M, resulting in a positive trade balance of C$267M. Between January 2023 and January 2024 the exports of Canada's Copper Ore have increased by C$91.3M (30.5%) from C$299M to C$391M, while imports increased by C$38.5M (45%) from C$85.5M to C$124M.

Destinations In January 2024, Copper Ore were exported mostly to Japan (C$157M), China (C$84.4M), South Korea (C$83.8M), Finland (C$35.6M), and Philippines (C$28.5M), and were imported mostly from Peru (C$79.1M), United States (C$38.2M), Mexico (C$6.7M), South Korea (C$13), and Canada (C$6).

Growth In January 2024, the increase in Copper Ore's year-by-year exports was explained primarily by an increase in exports to Japan (C$81.4M or 107%), China (C$5.31M or 6.83%), and Taiwan (C$266k or 48.5%). In January 2024, the increase in Copper Ore's year-by-year imports was explained primarily by an increase in imports from China (C$97 or 2.43k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$91.3M(30.5%)

IMPORT GROWTH (January 2023 - January 2024)C$38.5M(45%)

MAIN EXPORTER (January 2024)British ColumbiaC$350M

MAIN DESTINATION (January 2024)JapanC$157M

This section shows Copper Ore's exports and imports data at subnational level for Canada. 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 Copper Ore over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.52B

IMPORTS (2022)$896M

NET TRADE (2022)$2.62B

In 2022, Canada exported $3.52B in Copper Ore. The main destinations of Canada exports on Copper Ore were China ($1.07B), Japan ($1.03B), South Korea ($775M), United States ($125M), and Germany ($124M).

In 2022, Canada imported $896M in Copper Ore, mainly from United States ($515M), Panama ($136M), Peru ($127M), Mexico ($98.9M), and Turkey ($10.3M).

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