HS Icon Raw Copper

7402 (Harmonized System 1992 for 4-digit)

World Trade (2018): $12.4B, Rnk 281 / 1225

Top Exporter (2018): $5.42B, Zambia

Top Importer (2018): $3.82B, China

Product Complexity (2018): -1.59, Rnk 951 / 1018

Export Growth (CAGR)(2017 - 2018): 11.9%, Rnk 675 / 1225

Mean Tariff (2018): 1.86%, Rnk 1248 / 1259

Share of World Trade (2018): 0.067%, Rnk 281 / 1225

Overview:  This page contains the latest trade data of Raw Copper. In 2018, Raw Copper were the world's 281st most traded product, with a total trade of $12.4B. Between 2017 and 2018 the exports of Raw Copper grew by 11.9%, from  $11.1B to $12.4B. Trade in Raw Copper represent 0.067% of total world trade.

Exports: In 2018 the top exporters of Raw Copper  were Zambia ($5.42B), Chile ($2.16B), South Africa ($1.59B), Bulgaria ($1.08B), and Democratic Republic of the Congo ($307M).

Imports: In 2018 the top importers of Raw Copper were China ($3.82B), Switzerland ($2.52B), Belgium-Luxembourg ($1.76B), South Africa ($910M), and Germany ($727M).

Tariffs: In 2018 the average tariff for Raw Copper was 1.86%, been the 1248 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Raw Copper are Bahamas (40.2%), Bermuda (25%), Zambia (13.6%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Raw Copper ranks 951st in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Zambia, $5.42B

Top Destination (2018): China, $3.82B

Raw Copper are the world's 281st most traded product.

In 2018, the top exporters of Raw Copper were Zambia ($5.42B), Chile ($2.16B), South Africa ($1.59B), Bulgaria ($1.08B), and Democratic Republic of the Congo ($307M).

In 2018, the top importers of Raw Copper were China ($3.82B), Switzerland ($2.52B), Belgium-Luxembourg ($1.76B), South Africa ($910M), and Germany ($727M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Zambia, $829M

Top Destination Growth (2017 - 2018): China, $992M

Between 2017 and 2018, the exports of Raw Copper grew the fastest in Zambia ($829M), South Africa ($796M), Tanzania ($157M), Democratic Republic of the Congo ($122M), and Turkey ($84.1M).

Between 2017 and 2018, the fastest growing importers of Raw Copper were China ($992M), South Africa ($678M), Singapore ($148M), Belgium-Luxembourg ($121M), and Switzerland ($76.7M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Raw Copper.

In 2018,  market concentration measured using Shannon Entropy, was 2.79. This means that most of the exports of Raw Copper are explained by 6 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Zambia, $5.41B

TOP NET IMPORTER (2018): China, $3.82B

This map shows which countries export or import more of Raw Copper. Each country is colored based on the difference in exports and imports of Raw Copper during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Raw Copper were Zambia ($5.41B), Chile ($2.16B), Bulgaria ($1.08B), South Africa ($682M), and Democratic Republic of the Congo ($307M).

In 2018, the countries that had a largest trade value in imports than in exports of Raw Copper were China ($3.82B), Switzerland ($2.51B), Belgium-Luxembourg ($1.57B), Germany ($602M), and Canada ($483M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Raw Copper. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Raw Copper was 1.86%.  The countries with the highest tariffs for importing Raw Copper were Bahamas (40.2%), Bermuda (25%), Zambia (13.6%), Algeria (12.2%), and Aruba (12%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.