HS Icon Precipitated Copper

7401 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Precipitated Copper. In 2020, Precipitated Copper were the world's 844th most traded product, with a total trade of $1.22B. Between 2019 and 2020 the exports of Precipitated Copper grew by 17.6%, from $1.04B to $1.22B. Trade in Precipitated Copper represent 0.0073% of total world trade.

Precipitated Copper are a part of Copper and articles thereof. They include Copper mattesand Cement copper (precipitated copper).

Exports In 2020 the top exporters of Precipitated Copper  were Finland ($370M), Chile ($163M), Canada ($144M), Mexico ($76.4M), and Belgium ($73M).

Imports In 2020 the top importers of Precipitated Copper were Russia ($525M), South Korea ($162M), China ($134M), Norway ($76.8M), and Belgium ($76.3M).

Tariffs In 2018 the average tariff for Precipitated Copper was 2.81%, making it the 1165th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Precipitated Copper are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Comoros (18.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Precipitated Copper ranks 865th in the Product Complexity Index (PCI).

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Precipitated Copper. 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): Finland, $370M

Top Destination (2020): Russia, $525M

Precipitated Copper are the world's 844th most traded product.

In 2020, the top exporters of Precipitated Copper were Finland ($370M), Chile ($163M), Canada ($144M), Mexico ($76.4M), and Belgium ($73M).

In 2020, the top importers of Precipitated Copper were Russia ($525M), South Korea ($162M), China ($134M), Norway ($76.8M), and Belgium ($76.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Finland, $208M

Top Destination Growth (2019 - 2020): Russia, $385M

Between 2019 and 2020, the exports of Precipitated Copper grew the fastest in Finland ($208M), Chile ($134M), Norway ($43.2M), South Africa ($23.2M), and Tanzania ($13.8M).

Between 2019 and 2020, the fastest growing importers of Precipitated Copper were Russia ($385M), South Korea ($32.8M), Finland ($15.6M), Australia ($12.9M), and Cambodia ($7.07M).

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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 Precipitated Copper.

In 2020,  market concentration measured using Shannon Entropy, was 3.75. This means that most of the exports of Precipitated Copper are explained by 13 countries.

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TOP NET EXPORTER (2020): Finland, $322M

TOP NET IMPORTER (2020): Russia, $502M

This map shows which countries export or import more of Precipitated Copper. Each country is colored based on the difference in exports and imports of Precipitated Copper during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Precipitated Copper were Finland ($322M), Chile ($162M), Canada ($116M), Mexico ($70M), and Brazil ($38.6M).

In 2020, the countries that had a largest trade value in imports than in exports of Precipitated Copper were Russia ($502M), South Korea ($138M), China ($133M), Australia ($27.2M), and Norway ($22.9M).

Disaggregation

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Value

In 2019, the world most traded Precipitated Copper, disaggragated by their HS6 level were Copper mattes ($1.22B)

Country Comparison

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Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Precipitated Copper.
It is possible to select the main countries that export or import Precipitated Copper 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 Precipitated Copper was 2.81%. The countries with the highest tariffs for importing Precipitated Copper were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Comoros (18.9%).

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