Copper ores and concentrates

2603 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Copper Ore. In 2021, Copper Ore were the world's 34th most traded product, with a total trade of $91.1B. Between 2020 and 2021 the exports of Copper Ore grew by 48.6%, from $61.3B to $91.1B. Trade in Copper Ore represent 0.43% of total world trade.

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

Exports In 2021 the top exporters of Copper Ore  were Chile ($29.7B), Peru ($15.3B), Indonesia ($5.45B), Australia ($4.78B), and Canada ($4.17B).

Imports In 2021 the top importers of Copper Ore were China ($52.4B), Japan ($12.2B), South Korea ($5.62B), Germany ($3B), and India ($2.86B).

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

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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Exporters and Importers

Top Origin (2021)Chile$29.7B
Top Destination (2021)China$52.4B

In 2021 Copper Ore were the world's 34th most traded product (out of 1,217).

In 2021, the top exporters of Copper Ore were Chile ($29.7B), Peru ($15.3B), Indonesia ($5.45B), Australia ($4.78B), and Canada ($4.17B).

In 2021, the top importers of Copper Ore were China ($52.4B), Japan ($12.2B), South Korea ($5.62B), Germany ($3B), and India ($2.86B).

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Exporters of Copper Ore (2021)
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Importers of Copper Ore (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Chile$8.1B
Top Destination Growth (2020 -  2021)China$19.2B

Between 2020 and 2021, the exports of Copper Ore grew the fastest in Chile ($8.1B), Peru ($6.03B), Indonesia ($3.09B), Panama ($2.06B), and Mongolia ($1.12B).

Between 2020 and 2021, the fastest growing importers of Copper Ore were China ($19.2B), Japan ($3.46B), India ($1.73B), South Korea ($1.39B), and Spain ($973M).

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Exporters of Copper Ore (2020 - 2021)

Importers of Copper Ore (2020 - 2021)

Market Concentration

Value

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

In 2021, market concentration measured using Shannon Entropy, was 3.74. This means that most of the exports of Copper Ore are explained by 13 countries.

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Value of Exports in Copper Ore

Net Trade

TOP NET EXPORTER (2021)Chile$29.7B
TOP NET IMPORTER (2021)China$52.4B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Copper Ore were Chile ($29.7B), Peru ($15.1B), Indonesia ($5.44B), Australia ($4.6B), and Canada ($3.47B).

In 2021, the countries that had a largest trade value in imports than in exports of Copper Ore were China ($52.4B), Japan ($12.2B), South Korea ($4.48B), Germany ($2.98B), and India ($2.8B).

Net Trade (2021)

Country Comparison

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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

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 (2021)

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 (2021)

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