HS Icon Refined Copper

7403 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Refined Copper. In 2020, Refined Copper were the world's 35th most traded product, with a total trade of $71.8B. Between 2019 and 2020 the exports of Refined Copper grew by 7.1%, from $67B to $71.8B. Trade in Refined Copper represent 0.43% 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 2020 the top exporters of Refined Copper  were Chile ($14.5B), Democratic Republic of the Congo ($11.1B), Russia ($5B), Japan ($4.73B), and Kazakhstan ($2.86B).

Imports In 2020 the top importers of Refined Copper were China ($28.5B), United States ($4.34B), Germany ($3.35B), Italy ($2.94B), and Chinese Taipei ($2.76B).

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 915th 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.

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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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Chile, $14.5B

Top Destination (2020): China, $28.5B

Refined Copper are the world's 35th most traded product.

In 2020, the top exporters of Refined Copper were Chile ($14.5B), Democratic Republic of the Congo ($11.1B), Russia ($5B), Japan ($4.73B), and Kazakhstan ($2.86B).

In 2020, the top importers of Refined Copper were China ($28.5B), United States ($4.34B), Germany ($3.35B), Italy ($2.94B), and Chinese Taipei ($2.76B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Japan, $1.36B

Top Destination Growth (2019 - 2020): China, $6.55B

Between 2019 and 2020, the exports of Refined Copper grew the fastest in Japan ($1.36B), Chile ($1.13B), Democratic Republic of the Congo ($898M), Russia ($638M), and Sweden ($422M).

Between 2019 and 2020, the fastest growing importers of Refined Copper were China ($6.55B), Switzerland ($863M), Turkey ($542M), Singapore ($254M), and United States ($248M).

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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 Refined Copper.

In 2020,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Refined Copper are explained by 22 countries.

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TOP NET EXPORTER (2020): Chile, $14.5B

TOP NET IMPORTER (2020): China, $27.2B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Refined Copper were Chile ($14.5B), Democratic Republic of the Congo ($11.1B), Russia ($4.98B), Japan ($4.67B), and Kazakhstan ($2.86B).

In 2020, the countries that had a largest trade value in imports than in exports of Refined Copper were China ($27.2B), United States ($3.41B), Italy ($2.58B), United Arab Emirates ($2.33B), and Chinese Taipei ($2.3B).

Disaggregation

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Value

In 2020, the world most traded Refined Copper, disaggragated by their HS6 level were Copper cathodes and sections of cathodes... ($64.7B), Refined copper products, unwrought, nes ($3.77B), Copper-zinc base alloys, unwrought ($1.27B), Billets, copper, unwrought ($1B), and Copper alloys, unwrought (other than master... ($533M)

Country Comparison

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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.

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