HS Icon Copper/copper alloy waste or scrap

740400 (Harmonized System 1992 for 6-digit)

World Trade (2019): $21B, Rnk 125 / 4648

Top Exporter (2019): $2.88B, United States

Top Importer (2019): $5.12B, China

Product Complexity (2019): -1.21, Rnk 4174 / 4826

Export Growth (CAGR)(2018 - 2019): -7.93%, Rnk 3137 / 4648

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

Share of World Trade (2019): 0.12%, Rnk 125 / 4648

Overview:  This page contains the latest trade data of Copper/copper alloy waste or scrap. In 2019, Copper/copper alloy waste or scrap were the world's 125th most traded product, with a total trade of $21B. Between 2018 and 2019 the exports of Copper/copper alloy waste or scrap decreased by -7.93%, from  $22.8B to $21B. Trade in Copper/copper alloy waste or scrap represent 0.12% of total world trade.

Exports: In 2019 the top exporters of Copper/copper alloy waste or scrap  were United States ($2.88B), Germany ($1.52B), Hong Kong ($1.24B), United Kingdom ($1.03B), and Netherlands ($938M).

Imports: In 2019 the top importers of Copper/copper alloy waste or scrap were China ($5.12B), Germany ($2.43B), South Korea ($1.56B), Belgium ($1.12B), and Japan ($1.08B).

Tariffs: In 2018 the average tariff for Copper/copper alloy waste or scrap was 2.27%, making it the 6091st 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 4174th in the Product Complexity Index (PCI).

Description: Copper has a wide range of uses. It is used in computer boards, the insulation for electrical wiring, and in the production of coins, jewelry, and musical instruments. Copper is also used in the production of stainless steel. Copper can be re-melted and reused.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $2.88B

Top Destination (2019): China, $5.12B

Copper/copper alloy waste or scrap are the world's 125th most traded product.

In 2019, the top exporters of Copper/copper alloy waste or scrap were United States ($2.88B), Germany ($1.52B), Hong Kong ($1.24B), United Kingdom ($1.03B), and Netherlands ($938M).

In 2019, the top importers of Copper/copper alloy waste or scrap were China ($5.12B), Germany ($2.43B), South Korea ($1.56B), Belgium ($1.12B), and Japan ($1.08B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Malaysia, $163M

Top Destination Growth (2018 - 2019): Malaysia, $378M

Between 2018 and 2019, the exports of Copper/copper alloy waste or scrap grew the fastest in Malaysia ($163M), Japan ($104M), Chile ($47.3M), India ($34.7M), and Chinese Taipei ($23.8M).

Between 2018 and 2019, the fastest growing importers of Copper/copper alloy waste or scrap were Malaysia ($378M), Hong Kong ($312M), Russia ($134M), Belgium ($49M), and India ($48.4M).

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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 2019,  market concentration measured using Shannon Entropy, was 5.37. This means that most of the exports of Copper/copper alloy waste or scrap are explained by 41 countries.

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TOP NET EXPORTER (2019): United States, $2.26B

TOP NET IMPORTER (2019): China, $4.95B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Copper/copper alloy waste or scrap were United States ($2.26B), United Kingdom ($907M), France ($697M), Mexico ($575M), and Hong Kong ($554M).

In 2019, the countries that had a largest trade value in imports than in exports of Copper/copper alloy waste or scrap were China ($4.95B), South Korea ($1.43B), Germany ($911M), India ($834M), and Belgium ($768M).

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.