HS Icon Copper/copper alloy waste or scrap

740400 (Harmonized System 1992 for 6-digit)

World Trade (2018): $22.8B, Rnk 113 / 4726

Top Exporter (2018): $3.21B, United States

Top Importer (2018): $7.05B, China

Product Complexity (2018): -1.31, Rnk 4313 / 4873

Export Growth (CAGR)(2017 - 2018): 1.86%, Rnk 3664 / 4726

Mean Tariff (2018): 2.27%, Rnk 6091 / 6538

Share of World Trade (2018): 0.12%, Rnk 113 / 4726

Overview:  This page contains the latest trade data of Copper/copper alloy waste or scrap. In 2018, Copper/copper alloy waste or scrap were the world's 113th most traded product, with a total trade of $22.8B. Between 2017 and 2018 the exports of Copper/copper alloy waste or scrap grew by 1.86%, from  $22.4B to $22.8B. Trade in Copper/copper alloy waste or scrap represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Copper/copper alloy waste or scrap  were United States ($3.21B), Germany ($1.61B), Hong Kong ($1.4B), United Kingdom ($1.05B), and Netherlands ($1.05B).

Imports: In 2018 the top importers of Copper/copper alloy waste or scrap were China ($7.05B), Germany ($2.66B), South Korea ($1.68B), Japan ($1.23B), and Belgium-Luxembourg ($1.13B).

Tariffs: In 2018 the average tariff for Copper/copper alloy waste or scrap was 2.27%, been the 6091 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Copper/copper alloy waste or scrap are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Zambia (13.6%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Copper/copper alloy waste or scrap ranks 4313th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $3.21B

Top Destination (2018): China, $7.05B

Copper/copper alloy waste or scrap are the world's 113th most traded product.

In 2018, the top exporters of Copper/copper alloy waste or scrap were United States ($3.21B), Germany ($1.61B), Hong Kong ($1.4B), United Kingdom ($1.05B), and Netherlands ($1.05B).

In 2018, the top importers of Copper/copper alloy waste or scrap were China ($7.05B), Germany ($2.66B), South Korea ($1.68B), Japan ($1.23B), and Belgium-Luxembourg ($1.13B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $537M

Top Destination Growth (2017 - 2018): Chinese Taipei, $490M

Between 2017 and 2018, the exports of Copper/copper alloy waste or scrap grew the fastest in United States ($537M), Chinese Taipei ($191M), Poland ($171M), Mexico ($112M), and Spain ($110M).

Between 2017 and 2018, the fastest growing importers of Copper/copper alloy waste or scrap were Chinese Taipei ($490M), Malaysia ($431M), Japan ($159M), Hong Kong ($131M), and Italy ($105M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Copper/copper alloy waste or scrap.

In 2018,  market concentration measured using Shannon Entropy, was 5.39. This means that most of the exports of Copper/copper alloy waste or scrap are explained by 42 countries.

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TOP NET EXPORTER (2018): United States, $2.42B

TOP NET IMPORTER (2018): China, $6.82B

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

In 2018, the countries that had a largest trade value in exports than in imports of Copper/copper alloy waste or scrap were United States ($2.42B), Hong Kong ($1.04B), United Kingdom ($880M), France ($817M), and Saudi Arabia ($648M).

In 2018, the countries that had a largest trade value in imports than in exports of Copper/copper alloy waste or scrap were China ($6.82B), South Korea ($1.56B), Germany ($1.05B), India ($817M), and Belgium-Luxembourg ($742M).

Trade Forecasts

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

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Import Tariffs

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In 2018, the average tariff for importing Copper/copper alloy waste or scrap was 2.27%.  The countries with the highest tariffs for importing Copper/copper alloy waste or scrap were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Angola (20%), and Zambia (13.6%).

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Product Complexity

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Diversification Frontier

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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.