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260300 (Harmonized System 1992 for 6-digit)

2023
World Trade $95BRnk 26 / 4644
2023
Top Exporter | Top Importer $24.2B | $57.3BChile | China
2023
Product Complexity -2.08Rnk 4545 / 4656
2022 - 2023
Export Growth (CAGR) 3.84%Rnk 1146 / 4644
2023
Share of World Trade 0.42%Rnk 26 / 4644

About

Overview This page contains the latest trade data of Copper ores and concentrates. In 2023, Copper ores and concentrates were the world's 26th most traded product, with a total trade of $95B. Between 2022 and 2023 the exports of Copper ores and concentrates grew by 3.84%, from $91.5B to $95B. Trade in Copper ores and concentrates represent 0.42% of total world trade.

Copper ores and concentrates are a part of Copper Ore.

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

Ranking Copper ores and concentrates ranks 4545th in the Product Complexity Index (PCI).

Description Copper ores and concentrates can be used as a raw material in the production of copper and brass, and as a pigment in paints.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Copper ores and concentrates. 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 ores and concentrates were the world's 26th most traded product (out of 4,644).

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

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

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Exporters of Copper ores and concentrates (2023)
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Importers of Copper ores and concentrates (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 ores and concentrates 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 ores and concentrates were China ($7.18B), Philippines ($1.82B), Germany ($682M), Spain ($319M), and Australia ($258M).

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Exporters of Copper ores and concentrates (2022 - 2023)

Importers of Copper ores and concentrates (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Copper ores and concentrates.

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

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Value of Exports in Copper ores and concentrates

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 ores and concentrates. Each country is colored based on the difference in exports and imports of Copper ores and concentrates during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Copper ores and concentrates 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 ores and concentrates 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 ores and concentrates.
It is possible to select the main countries that export or import Copper ores and concentrates in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Copper ores and concentrates 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 (2023)

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