HS Icon Copper ores and concentrates

260300 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Copper ores and concentrates. In 2019, Copper ores and concentrates were the world's 34th most traded product, with a total trade of $60B. Between 2018 and 2019 the exports of Copper ores and concentrates decreased by -6.94%, from $64.4B to $60B. Trade in Copper ores and concentrates represent 0.33% of total world trade.

Exports In 2019 the top exporters of Copper ores and concentrates  were Chile ($18.4B), Peru ($12.2B), Australia ($4.61B), Canada ($2.81B), and Mexico ($2.5B).

Imports In 2019 the top importers of Copper ores and concentrates were China ($31.3B), Japan ($7.79B), South Korea ($3.94B), Bulgaria ($1.97B), and India ($1.84B).

Tariffs In 2018 the average tariff for Copper ores and concentrates was 2.23%, making it the 6110th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Copper ores and concentrates are Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Nepal (9.89%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Copper ores and concentrates ranks 4684th in the Product Complexity Index (PCI).

Description Copper ores and concentrates can be used as a raw material in the production of copper and brass, and as a pigment in paints.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Chile, $18.4B

Top Destination (2019): China, $31.3B

Copper ores and concentrates are the world's 34th most traded product.

In 2019, the top exporters of Copper ores and concentrates were Chile ($18.4B), Peru ($12.2B), Australia ($4.61B), Canada ($2.81B), and Mexico ($2.5B).

In 2019, the top importers of Copper ores and concentrates were China ($31.3B), Japan ($7.79B), South Korea ($3.94B), Bulgaria ($1.97B), and India ($1.84B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $539M

Top Destination Growth (2018 - 2019): Mexico, $671M

Between 2018 and 2019, the exports of Copper ores and concentrates grew the fastest in United States ($539M), Panama ($538M), Chinese Taipei ($395M), India ($269M), and Armenia ($179M).

Between 2018 and 2019, the fastest growing importers of Copper ores and concentrates were Mexico ($671M), Chinese Taipei ($429M), Georgia ($228M), Serbia ($160M), and Canada ($147M).

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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 Copper ores and concentrates.

In 2019,  market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Copper ores and concentrates are explained by 12 countries.

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TOP NET EXPORTER (2019): Chile, $18.4B

TOP NET IMPORTER (2019): China, $31.3B

This map shows which countries export or import more of Copper ores and concentrates. Each country is colored based on the difference in exports and imports of Copper ores and concentrates during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Copper ores and concentrates were Chile ($18.4B), Peru ($11.9B), Australia ($4.53B), Canada ($2.34B), and United States ($2.12B).

In 2019, the countries that had a largest trade value in imports than in exports of Copper ores and concentrates were China ($31.3B), Japan ($7.79B), South Korea ($3.69B), Germany ($1.81B), and Bulgaria ($1.64B).

Import Tariffs

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In 2018, the average tariff for importing Copper ores and concentrates was 2.23%. The countries with the highest tariffs for importing Copper ores and concentrates were Bahamas (40.2%), Bermuda (25%), Aruba (12%), Panama (10%), and Nepal (9.89%).

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.