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2022
Exports $3.52BWorld Rnk 5 / 110
Flag Rnk 23 / 1210
2022
Destination $40.2M China
2021 - 2022
FASTEST GROWING MARKET $40.2MSouth Korea
2022
PRODUCT COMPLEXITY IN Copper Ore-1.94Rnk 995 / 1025
2022
Imports $896MWorld Rnk 13 / 117
Flag Rnk 136 / 1213
2022
Origin $114M United States
2021 - 2022
FASTEST GROWING ORIGIN $114MPeru
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

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).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Copper Ore exports accounted up to C$391M and imports accounted up to C$75.5M, resulting in a positive trade balance of C$315M. Between August 2023 and August 2024 the exports of Canada's   Copper Ore have increased by C$39.5M (11.2%) from C$351M to C$391M, while imports decreased by C$-37.9M (-33.4%) from C$113M to C$75.5M.

Destinations In August 2024, Copper Ore were exported mostly to China (C$215M), Japan (C$69.8M), South Korea (C$44.1M), Germany (C$38.4M), and Finland (C$22.2M), and were imported mostly from United States (C$64.3M), Mexico (C$10.6M), Germany (C$610k), Mauritania (C$28), and South Korea (C$14).

Growth In August 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 Chinese Taipei (C$266k or 48.5%). In August 2024, the decrease in Copper Ore's year-by-year imports was explained primarily by a decrease in imports from Mexico (C$-8.12M or -39%) and United States (C$-2.23M or -4.39%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$39.5M(11.2%)
IMPORT GROWTH (August 2023 - August 2024)C$-37.9M(-33.4%)
MAIN EXPORTER (August 2024)British ColumbiaC$459M
MAIN DESTINATION (August 2024)ChinaC$215M

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Canada WERE (2021 - 2022):
South Korea$40.2M (5.47%)
Mexico$40M (1%)
United States$26M (26.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Canada WERE (2021 - 2022):
Philippines-$241M (-91.3%)
Chinese Taipei-$154M (-98.3%)
Germany-$101M (-44.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Copper Ore were:
Chile $22.8B
Peru $13.5B
Indonesia $8.89B
In 2022, Canada's main importing competitors in Copper Ore were:
China $50.5B
Japan $12.4B
South Korea $6.27B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $282M
TOP IMPORT POTENTIALPeru+ $61.9M

Copper Ore’s highest export potential is China. With an export gap of $282M.   Copper Ore’s highest import potential is Peru with an import gap of $61.9M.

See methodology.

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