HS Icon Copper Bars

7407 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.35B, Rnk 446 / 1225

Top Exporter (2018): $1.15B, Germany

Top Importer (2018): $528M, Germany

Product Complexity (2018): 0.26, Rnk 453 / 1018

Export Growth (CAGR)(2017 - 2018): 20.4%, Rnk 329 / 1225

Mean Tariff (2018): 4.81%, Rnk 852 / 1259

Share of World Trade (2018): 0.035%, Rnk 446 / 1225

Overview:  This page contains the latest trade data of Copper Bars. In 2018, Copper Bars were the world's 446th most traded product, with a total trade of $6.35B. Between 2017 and 2018 the exports of Copper Bars grew by 20.4%, from  $5.27B to $6.35B. Trade in Copper Bars represent 0.035% of total world trade.

Exports: In 2018 the top exporters of Copper Bars  were Germany ($1.15B), Italy ($648M), Chinese Taipei ($439M), France ($410M), and South Korea ($336M).

Imports: In 2018 the top importers of Copper Bars were Germany ($528M), China ($522M), Italy ($457M), United States ($438M), and France ($256M).

Tariffs: In 2018 the average tariff for Copper Bars was 4.81%, been the 852 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Copper Bars are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Iran (15%), and Zambia (13.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Copper Bars ranks 453rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.15B

Top Destination (2018): Germany, $528M

Copper Bars are the world's 446th most traded product.

In 2018, the top exporters of Copper Bars were Germany ($1.15B), Italy ($648M), Chinese Taipei ($439M), France ($410M), and South Korea ($336M).

In 2018, the top importers of Copper Bars were Germany ($528M), China ($522M), Italy ($457M), United States ($438M), and France ($256M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $299M

Top Destination Growth (2017 - 2018): Tunisia, $228M

Between 2017 and 2018, the exports of Copper Bars grew the fastest in Italy ($299M), Chinese Taipei ($255M), Germany ($151M), France ($53M), and Bulgaria ($52.6M).

Between 2017 and 2018, the fastest growing importers of Copper Bars were Tunisia ($228M), China ($133M), Australia ($88M), France ($79.9M), and Italy ($78.5M).

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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 Bars.

In 2018,  market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Copper Bars are explained by 23 countries.

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TOP NET EXPORTER (2018): Germany, $621M

TOP NET IMPORTER (2018): China, $397M

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

In 2018, the countries that had a largest trade value in exports than in imports of Copper Bars were Germany ($621M), Chinese Taipei ($309M), South Korea ($307M), Malaysia ($196M), and Italy ($191M).

In 2018, the countries that had a largest trade value in imports than in exports of Copper Bars were China ($397M), Tunisia ($248M), United Kingdom ($172M), Canada ($153M), and Oman ($138M).

Trade Forecasts

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This section shows forecasts for total trade for Copper Bars. 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 Bars was 4.81%.  The countries with the highest tariffs for importing Copper Bars were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Iran (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.