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Copper ores and concentrates

2603 (Harmonized System 1992 for 4-digit)

2023
World Trade $95BRnk 33 / 1217
2023
Top Exporter | Top Importer $24.2B | $57.3BChile | China
2023
Product Complexity -2.14Rnk 1017 / 1044
2022 - 2023
Export Growth (CAGR) 3.84%Rnk 288 / 1217
2023
Share of World Trade 0.42%Rnk 33 / 1217

About

Overview This page contains the latest trade data of Copper Ore. In 2023, Copper Ore were the world's 33rd most traded product, with a total trade of $95B. Between 2022 and 2023 the exports of Copper Ore grew by 3.84%, from $91.5B to $95B. Trade in Copper Ore represent 0.42% of total world trade.

Copper Ore are a part of Ores, slag and ash. They include Copper ores and concentrates.

Exports In 2023 the top exporters of Copper Ore  were Chile ($24.2B), Peru ($19.9B), Indonesia ($8.55B), Australia ($5.61B), and Brazil ($3.55B).

Imports In 2023 the top importers of Copper Ore were China ($57.3B), Japan ($11B), South Korea ($4.95B), Philippines ($3.23B), and Germany ($3.15B).

Ranking Copper Ore ranks 1017th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Copper Ore. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Chile$24.2B
Top Destination (2023)China$57.3B

In 2023 Copper Ore were the world's 33rd most traded product (out of 1,217).

In 2023, the top exporters of Copper Ore were Chile ($24.2B), Peru ($19.9B), Indonesia ($8.55B), Australia ($5.61B), and Brazil ($3.55B).

In 2023, the top importers of Copper Ore were China ($57.3B), Japan ($11B), South Korea ($4.95B), Philippines ($3.23B), and Germany ($3.15B).

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Exporters of Copper Ore (2023)
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Importers of Copper Ore (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Peru$5.87B
Top Destination Growth (2022 -  2023)China$7.18B

Between 2022 and 2023, the exports of Copper Ore grew the fastest in Peru ($5.87B), Chile ($864M), Brazil ($772M), Kazakhstan ($700M), and Democratic Republic of the Congo ($537M).

Between 2022 and 2023, the fastest growing importers of Copper Ore were China ($7.18B), Philippines ($1.82B), Germany ($682M), Spain ($319M), and Australia ($258M).

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Exporters of Copper Ore (2022 - 2023)

Importers of Copper Ore (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Copper Ore are explained by 14 countries.

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Value of Exports in Copper Ore

Net Trade

TOP NET EXPORTER (2023)Chile$24.2B
TOP NET IMPORTER (2023)China$57.3B

This map shows which countries export or import more of Copper Ore. Each country is colored based on the difference in exports and imports of Copper Ore during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Copper Ore were Chile ($24.2B), Peru ($19.9B), Indonesia ($8.54B), Australia ($5.35B), and Brazil ($3.38B).

In 2023, the countries that had a largest trade value in imports than in exports of Copper Ore were China ($57.3B), Japan ($11B), South Korea ($4.94B), Germany ($3.13B), and India ($2.97B).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Copper Ore by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $49.3M
TOP IMPORT POTENTIALPeru+ $8.87M

Copper Ore’s highest export potential is Germany. With an export gap of $49.3M.  Copper Ore’s highest import potential is Peru with an import gap of $8.87M.

See methodology.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Copper Ore.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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