Refined Copper7403 (Harmonized System 1992 for 4-digit)
2021 World Trade: $91.7B, Rnk 33 / 1217
2021 Top Exporter | Top Importer: $20.8B | $31.9B, Chile | China
2021 Product Complexity: -1.46, Rnk 940 / 1024
2020 - 2021 Export Growth (CAGR): 28%, Rnk 375 / 1217
2018 Mean Tariff: 2.41%, Rnk 1197 / 1259
2021 Share of World Trade: 0.0044%, Rnk 33 / 1217
Overview This page contains the latest trade data of Refined Copper. In 2021, Refined Copper were the world's 33rd most traded product, with a total trade of $91.7B. Between 2020 and 2021 the exports of Refined Copper grew by 28%, from $71.6B to $91.7B. Trade in Refined Copper represent 0.0044% of total world trade.
Refined Copper are a part of Copper articles. They include Copper cathodes and sections of cathodes unwrought, Refined copper products, unwrought, nes, Billets, copper, unwrought, Copper-zinc base alloys, unwrought, Copper alloys, unwrought (other than master alloys), Copper-tin base alloys, unwrought, Wire bars, copper, unwrought, and Copper-nickel, copper-nickel-zinc base alloy,unwrough.
Exports In 2021 the top exporters of Refined Copper were Chile ($20.8B), Democratic Republic of the Congo ($8.95B), Japan ($5.71B), Russia ($4.49B), and Kazakhstan ($3.89B).
Imports In 2021 the top importers of Refined Copper were China ($31.9B), United States ($8.78B), Italy ($5.24B), Germany ($5.02B), and Chinese Taipei ($4.13B).
Tariffs In 2018 the average tariff for Refined Copper was 2.41%, making it the 1197th lowest tariff using the HS4 product classification.
Ranking Refined Copper ranks 940th in the Product Complexity Index (PCI).
Description Copper is used in the production of electrical and electronic equipment, as well as other products. Copper alloys are made from copper and other metals.
The following visualization shows the latest trends on Refined 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.
Trade By Country
Refined Copper are the world's 33rd most traded product.
In 2021, the top exporters of Refined Copper were Chile ($20.8B), Democratic Republic of the Congo ($8.95B), Japan ($5.71B), Russia ($4.49B), and Kazakhstan ($3.89B).
In 2021, the top importers of Refined Copper were China ($31.9B), United States ($8.78B), Italy ($5.24B), Germany ($5.02B), and Chinese Taipei ($4.13B).
Trade by country
Top Origin Growth (2020 - 2021): Chile, $6.28B
Top Destination Growth (2020 - 2021): United States, $4.39B
Between 2020 and 2021, the exports of Refined Copper grew the fastest in Chile ($6.28B), South Korea ($1.49B), Germany ($1.03B), Kazakhstan ($1.03B), and Japan ($974M).
Between 2020 and 2021, the fastest growing importers of Refined Copper were United States ($4.39B), China ($3.54B), Italy ($2.43B), Germany ($1.66B), and South Korea ($1.45B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Refined Copper.
In 2021, market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Refined Copper are explained by 23 countries.
This map shows which countries export or import more of Refined Copper. Each country is colored based on the difference in exports and imports of Refined Copper during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Refined Copper were Chile ($20.8B), Democratic Republic of the Congo ($8.95B), Japan ($5.59B), Russia ($4.45B), and Kazakhstan ($3.88B).
In 2021, the countries that had a largest trade value in imports than in exports of Refined Copper were China ($29.8B), United States ($7.13B), Italy ($4.9B), Chinese Taipei ($3.89B), and Thailand ($3.17B).
In 2021, the world most traded Refined Copper, disaggragated by their HS6 level were Copper cathodes and sections of cathodes... ($84.1B), Refined copper products, unwrought, nes ($2.24B), Copper-zinc base alloys, unwrought ($2.01B), Billets, copper, unwrought ($1.57B), and Copper alloys, unwrought (other than master... ($966M)
This visualization shows the countries that have an important ratio of their trade related to Refined Copper. It is possible to select the main countries that export or import Refined Copper 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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