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.
Imports: In 2019 the top importers of Copper/copper alloy waste or scrapwere 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.
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).
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).
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.
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).
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%).
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.