HS Icon Copper Ore

2603 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Copper Ore. In 2020, Copper Ore were the world's 44th most traded product, with a total trade of $61.8B. Between 2019 and 2020 the exports of Copper Ore grew by 3.79%, from $59.6B to $61.8B. Trade in Copper Ore represent 0.37% of total world trade.

Copper Ore include Copper ores and concentrates.

Exports In 2020 the top exporters of Copper Ore  were Chile ($21.4B), Peru ($9.23B), Australia ($3.85B), Canada ($3.12B), and Mexico ($2.92B).

Imports In 2020 the top importers of Copper Ore were China ($33.9B), Japan ($8.51B), South Korea ($4.22B), Germany ($2.03B), and Spain ($1.8B).

Tariffs In 2018 the average tariff for Copper Ore was 2.31%, making it the 1214th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Copper Ore are Bahamas (40.2%), Bhutan (29.4%), Bermuda (25%), and Cayman Islands (22%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Copper Ore ranks 995th in the Product Complexity Index (PCI).

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Flow
Y-AXIS SCALE

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.

* 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): Chile, $21.4B

Top Destination (2020): China, $33.9B

Copper Ore are the world's 44th most traded product.

In 2020, the top exporters of Copper Ore were Chile ($21.4B), Peru ($9.23B), Australia ($3.85B), Canada ($3.12B), and Mexico ($2.92B).

In 2020, the top importers of Copper Ore were China ($33.9B), Japan ($8.51B), South Korea ($4.22B), Germany ($2.03B), and Spain ($1.8B).

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Market Dynamics

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Trade by country

Value

Top Origin Decrease (2019 -  2020): Peru, -$2.95B

Top Destination Growth (2019 - 2020): China, $2.57B

Between 2019 and 2020, the fastest declining exporters of Copper Ore were Peru (-$2.95B), Australia (-$765M), Spain (-$658M), Philippines (-$316M), and India (-$301M).

Between 2019 and 2020, the fastest growing importers of Copper Ore were China ($2.57B), Japan ($765M), Spain ($400M), South Korea ($275M), and Finland ($246M).

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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 Ore.

In 2020,  market concentration measured using Shannon Entropy, was 3.69. This means that most of the exports of Copper Ore are explained by 12 countries.

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TOP NET EXPORTER (2020): Chile, $21.3B

TOP NET IMPORTER (2020): China, $33.9B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Copper Ore were Chile ($21.3B), Peru ($8.97B), Australia ($3.81B), Canada ($2.5B), and United States ($2.39B).

In 2020, the countries that had a largest trade value in imports than in exports of Copper Ore were China ($33.9B), Japan ($8.51B), South Korea ($3.83B), Germany ($2.02B), and Bulgaria ($1.27B).

Disaggregation

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Value

In 2020, the world most traded Copper Ore, disaggragated by their HS6 level were N/A

Country Comparison

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Flow
Measure
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.

Import Tariffs

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In 2018, the average tariff for importing Copper Ore was 2.31%. The countries with the highest tariffs for importing Copper Ore were Bahamas (40.2%), Bhutan (29.4%), Bermuda (25%), and Cayman Islands (22%).

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