HS Icon Copper Bars

7407 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Copper Bars. In 2020, Copper Bars were the world's 475th most traded product, with a total trade of $4.97B. Between 2019 and 2020 the exports of Copper Bars decreased by -5.41%, from $5.25B to $4.97B. Trade in Copper Bars represent 0.03% of total world trade.

Copper Bars are a part of Copper articles. They include Bars, rods & profiles of refined copper, Bars, rods & profiles of copper-zinc base alloys, Bars, rods & profiles, copper alloy nes, and Bar, rod, profiles, copper-nickel, copper-nickel-zinc.

Exports In 2020 the top exporters of Copper Bars  were Germany ($960M), Italy ($498M), France ($338M), South Korea ($284M), and Malaysia ($264M).

Imports In 2020 the top importers of Copper Bars were China ($573M), Germany ($423M), Italy ($353M), United States ($337M), and France ($206M).

Tariffs In 2018 the average tariff for Copper Bars was 5.05%, making it the 829th lowest tariff using the HS4 product classification.

Ranking Copper Bars ranks 426th in the Product Complexity Index (PCI).

Description Copper bars, rods and profiles are used in the production of other goods. They can be made from a variety of materials, including copper, brass, and aluminum.

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Copper Bars. 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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Germany, $960M

Top Destination (2020): China, $573M

Copper Bars are the world's 475th most traded product.

In 2020, the top exporters of Copper Bars were Germany ($960M), Italy ($498M), France ($338M), South Korea ($284M), and Malaysia ($264M).

In 2020, the top importers of Copper Bars were China ($573M), Germany ($423M), Italy ($353M), United States ($337M), and France ($206M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Italy, $129M

Top Destination Growth (2019 - 2020): Tunisia, $149M

Between 2019 and 2020, the exports of Copper Bars grew the fastest in Italy ($129M), Poland ($22.4M), Malaysia ($16M), Thailand ($9.75M), and Pakistan ($8.52M).

Between 2019 and 2020, the fastest growing importers of Copper Bars were Tunisia ($149M), China ($91.6M), Israel ($18.4M), Netherlands ($15.3M), and Australia ($10.7M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Copper Bars.

In 2020,  market concentration measured using Shannon Entropy, was 4.54. This means that most of the exports of Copper Bars are explained by 23 countries.

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TOP NET EXPORTER (2020): Germany, $537M

TOP NET IMPORTER (2020): China, $438M

This map shows which countries export or import more of Copper Bars. Each country is colored based on the difference in exports and imports of Copper Bars during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Copper Bars were Germany ($537M), South Korea ($257M), Malaysia ($228M), Bulgaria ($149M), and Italy ($145M).

In 2020, the countries that had a largest trade value in imports than in exports of Copper Bars were China ($438M), Tunisia ($166M), United Kingdom ($129M), Canada ($125M), and Czechia ($97.3M).

Disaggregation

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Value

In 2020, the world most traded Copper Bars, disaggragated by their HS6 level were Bars, rods & profiles of copper-zinc... ($2.27B), Bars, rods & profiles of refined... ($1.95B), and Bars, rods & profiles, copper alloy... ($747M)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Copper Bars.
It is possible to select the main countries that export or import Copper Bars in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Copper Bars to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.