Copper articles74 (Harmonized System 1992 for 2-digit)
2020 World Trade: $161B, Rnk 21 / 96
2020 Top Exporter | Top Importer: $17B | $43.8B, Chile | China
2020 Product Complexity: -0.82, Rnk 72 / 96
2019 - 2020 Export Growth (CAGR): 1.36%, Rnk 23 / 96
2018 Mean Tariff: 5.52%, Rnk 76 / 96
2020 Share of World Trade: 0.96%, Rnk 21 / 96
Overview This page contains the latest trade data of Copper articles. In 2020, Copper articles were the world's 21st most traded product, with a total trade of $161B. Between 2019 and 2020 the exports of Copper articles grew by 1.36%, from $159B to $161B. Trade in Copper articles represent 0.96% of total world trade.
Exports In 2020 the top exporters of Copper articles were Chile ($17B), Democratic Republic of the Congo ($11.9B), Germany ($11.5B), Japan ($9.32B), and Zambia ($7.91B).
Imports In 2020 the top importers of Copper articles were China ($43.8B), Germany ($9.62B), United States ($9.33B), Italy ($6.08B), and South Korea ($5.65B).
Tariffs In 2018 the average tariff for Copper articles was 5.52%, making it the 76th lowest tariff using the HS2 product classification.
Ranking Copper articles ranks 72nd in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Copper articles. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Copper articles are the world's 21st most traded product.
In 2020, the top exporters of Copper articles were Chile ($17B), Democratic Republic of the Congo ($11.9B), Germany ($11.5B), Japan ($9.32B), and Zambia ($7.91B).
In 2020, the top importers of Copper articles were China ($43.8B), Germany ($9.62B), United States ($9.33B), Italy ($6.08B), and South Korea ($5.65B).
Trade by country
Between 2019 and 2020, the exports of Copper articles grew the fastest in Chile ($1.78B), Japan ($1.67B), Democratic Republic of the Congo ($1.36B), Philippines ($503M), and Russia ($455M).
Between 2019 and 2020, the fastest growing importers of Copper articles were China ($6.72B), Switzerland ($824M), Russia ($610M), Turkey ($593M), and Singapore ($505M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Copper articles.
In 2020, market concentration measured using Shannon Entropy, was 5.27. This means that most of the exports of Copper articles are explained by 38 countries.
This map shows which countries export or import more of Copper articles. Each country is colored based on the difference in exports and imports of Copper articles during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Copper articles were Chile ($16.9B), Democratic Republic of the Congo ($11.9B), Zambia ($7.61B), Japan ($7.18B), and Russia ($4.89B).
In 2020, the countries that had a largest trade value in imports than in exports of Copper articles were China ($37.1B), Switzerland ($4.39B), India ($3.28B), United States ($2.87B), and Italy ($2.2B).
In 2020, the world most traded Copper articles, disaggragated by their HS6 level were Copper articles ($161B)
This visualization shows the countries that have an important ratio of their trade related to Copper articles. It is possible to select the main countries that export or import Copper articles in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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