Copper ores and concentrates260300 (Harmonized System 1992 for 6-digit)
2021 World Trade: $91.1B, Rnk 20 / 4641
2021 Top Exporter | Top Importer: $29.7B | $52.4B, Chile | China
2021 Product Complexity: -2.03, Rnk 4529 / 4648
2020 - 2021 Export Growth (CAGR): 48.6%, Rnk 519 / 4641
2018 Mean Tariff: 2.31%, Rnk 6158 / 6538
2021 Share of World Trade: 0.43%, Rnk 20 / 4641
Overview This page contains the latest trade data of Copper ores and concentrates. In 2021, Copper ores and concentrates were the world's 20th most traded product, with a total trade of $91.1B. Between 2020 and 2021 the exports of Copper ores and concentrates grew by 48.6%, from $61.3B to $91.1B. Trade in Copper ores and concentrates represent 0.43% of total world trade.
Copper ores and concentrates are a part of Copper Ore.
Exports In 2021 the top exporters of Copper ores and concentrates 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 ores and concentrates 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 ores and concentrates was 2.31%, making it the 6158th lowest tariff using the HS6 product classification.
Ranking Copper ores and concentrates ranks 4529th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Copper ores and concentrates are the world's 20th most traded product.
In 2021, the top exporters of Copper ores and concentrates were Chile ($29.7B), Peru ($15.3B), Indonesia ($5.45B), Australia ($4.78B), and Canada ($4.17B).
In 2021, the top importers of Copper ores and concentrates 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 ores and concentrates 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 ores and concentrates 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 ores and concentrates.
In 2021, market concentration measured using Shannon Entropy, was 3.74. This means that most of the exports of Copper ores and concentrates are explained by 13 countries.
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Copper ores and concentrates 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 ores and concentrates were China ($52.4B), Japan ($12.2B), South Korea ($4.48B), Germany ($2.98B), and India ($2.8B).
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.
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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