Copper OreCopper ores and concentrates
2603 (Harmonized System 1992 for 4-digit)
2021 World Trade: $91.1B, Rnk 34 / 1217
2021 Top Exporter | Top Importer: $29.7B | $52.4B, Chile | China
2021 Product Complexity: -1.99, Rnk 995 / 1024
2020 - 2021 Export Growth (CAGR): 48.6%, Rnk 120 / 1217
2018 Mean Tariff: 2.31%, Rnk 1214 / 1259
2021 Share of World Trade: 0.43%, Rnk 34 / 1217
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).
Tariffs In 2018 the average tariff for Copper Ore was 2.31%, making it the 1214th lowest tariff using the HS4 product classification.
Ranking Copper Ore ranks 995th in the Product Complexity Index (PCI).
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.
Trade By Country
Copper Ore are the world's 34th most traded product.
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).
Trade by country
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).
Cumulative market share
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.
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).
In 2021, the world most traded Copper Ore, disaggragated by their HS6 level were Copper ores and concentrates ($91.1B)
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.
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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