HS Icon Copper alloys, unwrought (other than master alloys)

740329 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $528M, Rnk 2684 / 4648

2019
Top Exporter | Top Importer
: $57.9M | $183M, Turkey | China

2019
Product Complexity
: -0.32, Rnk 3098 / 4826

2018 - 2019
Export Growth (CAGR)
: -16.8%, Rnk 4039 / 4648

2018
Mean Tariff
: 2.18%, Rnk 6131 / 6538

 2019
Share of World Trade
: 0.0029%, Rnk 2684 / 4648

Overview:  This page contains the latest trade data of Copper alloys, unwrought (other than master alloys). In 2019, Copper alloys, unwrought (other than master alloys) were the world's 2684th most traded product, with a total trade of $528M. Between 2018 and 2019 the exports of Copper alloys, unwrought (other than master alloys) decreased by -16.8%, from  $635M to $528M. Trade in Copper alloys, unwrought (other than master alloys) represent 0.0029% of total world trade.

Exports: In 2019 the top exporters of Copper alloys, unwrought (other than master alloys)  were Turkey ($57.9M), Japan ($53.5M), Germany ($52M), South Korea ($41.5M), and Iraq ($33.1M).

Imports: In 2019 the top importers of Copper alloys, unwrought (other than master alloys) were China ($183M), Turkey ($38.8M), Germany ($36.5M), South Korea ($26.7M), and Austria ($23.9M).

Tariffs: In 2018 the average tariff for Copper alloys, unwrought (other than master alloys) was 2.18%, making it the 6131st lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Copper alloys, unwrought (other than master alloys) are Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Panama (15%), and Zambia (13.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Copper alloys, unwrought (other than master alloys) ranks 3098th in the Product Complexity Index (PCI).

Description: Copper alloys are often used in the construction of buildings and bridges, the plumbing industry, and the electrical industry. Copper alloys are also used in the production of silverware, such as silverware for sushi restaurants.

Exporters and Importers

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Trade By Country

Top Origin (2019): Turkey, $57.9M

Top Destination (2019): China, $183M

Copper alloys, unwrought (other than master alloys) are the world's 2684th most traded product.

In 2019, the top exporters of Copper alloys, unwrought (other than master alloys) were Turkey ($57.9M), Japan ($53.5M), Germany ($52M), South Korea ($41.5M), and Iraq ($33.1M).

In 2019, the top importers of Copper alloys, unwrought (other than master alloys) were China ($183M), Turkey ($38.8M), Germany ($36.5M), South Korea ($26.7M), and Austria ($23.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Turkey, $40.4M

Top Destination Growth (2018 - 2019): China, $67.3M

Between 2018 and 2019, the exports of Copper alloys, unwrought (other than master alloys) grew the fastest in Turkey ($40.4M), South Korea ($38.4M), Iraq ($33.1M), Hong Kong ($13.1M), and Vietnam ($10.9M).

Between 2018 and 2019, the fastest growing importers of Copper alloys, unwrought (other than master alloys) were China ($67.3M), Turkey ($24.5M), Portugal ($2.05M), Lithuania ($1.9M), and France ($1.65M).

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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 alloys, unwrought (other than master alloys).

In 2019,  market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Copper alloys, unwrought (other than master alloys) are explained by 24 countries.

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TOP NET EXPORTER (2019): Japan, $50.4M

TOP NET IMPORTER (2019): China, $180M

This map shows which countries export or import more of Copper alloys, unwrought (other than master alloys). Each country is colored based on the difference in exports and imports of Copper alloys, unwrought (other than master alloys) during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Copper alloys, unwrought (other than master alloys) were Japan ($50.4M), Iraq ($33.1M), Spain ($27.4M), United States ($22.9M), and Hong Kong ($19.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Copper alloys, unwrought (other than master alloys) were China ($180M), Austria ($22.7M), Chinese Taipei ($15.3M), Netherlands ($9.92M), and Malaysia ($9.81M).

Import Tariffs

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In 2018, the average tariff for importing Copper alloys, unwrought (other than master alloys) was 2.18%.  The countries with the highest tariffs for importing Copper alloys, unwrought (other than master alloys) were Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Panama (15%), 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.