HS Icon Master alloys of copper

740500 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $316M, Rnk 3226 / 4648

2019
Top Exporter | Top Importer
: $78.2M | $91.5M, Belgium | Germany

2019
Product Complexity
: 0.019, Rnk 2568 / 4826

2018 - 2019
Export Growth (CAGR)
: -0.67%, Rnk 1683 / 4648

2018
Mean Tariff
: 2.64%, Rnk 5904 / 6538

 2019
Share of World Trade
: 0.0017%, Rnk 3226 / 4648

Overview:  This page contains the latest trade data of Master alloys of copper. In 2019, Master alloys of copper were the world's 3226th most traded product, with a total trade of $316M. Between 2018 and 2019 the exports of Master alloys of copper decreased by -0.67%, from  $318M to $316M. Trade in Master alloys of copper represent 0.0017% of total world trade.

Exports: In 2019 the top exporters of Master alloys of copper  were Belgium ($78.2M), Zambia ($66.9M), Kazakhstan ($28.4M), Netherlands ($23.4M), and United Kingdom ($23.2M).

Imports: In 2019 the top importers of Master alloys of copper were Germany ($91.5M), China ($33.7M), Luxembourg ($28.4M), Hong Kong ($18.9M), and Slovakia ($13.7M).

Tariffs: In 2018 the average tariff for Master alloys of copper was 2.64%, making it the 5904th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Master alloys of copper are Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Sudan (21.9%), and Panama (15%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Indonesia (0%).

Ranking: Master alloys of copper ranks 2568th in the Product Complexity Index (PCI).

Description: Copper is used in the production of many items, such as electrical wiring, cooking ware, and even skin care products. Copper alloys are used in the production of many items, including bearings, pistons, and electrical wiring.

Exporters and Importers

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Trade By Country

Top Origin (2019): Belgium, $78.2M

Top Destination (2019): Germany, $91.5M

Master alloys of copper are the world's 3226th most traded product.

In 2019, the top exporters of Master alloys of copper were Belgium ($78.2M), Zambia ($66.9M), Kazakhstan ($28.4M), Netherlands ($23.4M), and United Kingdom ($23.2M).

In 2019, the top importers of Master alloys of copper were Germany ($91.5M), China ($33.7M), Luxembourg ($28.4M), Hong Kong ($18.9M), and Slovakia ($13.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Zambia, $13.6M

Top Destination Growth (2018 - 2019): Luxembourg, $17.7M

Between 2018 and 2019, the exports of Master alloys of copper grew the fastest in Zambia ($13.6M), Austria ($13M), Norway ($2.72M), Poland ($1.39M), and Denmark ($1.01M).

Between 2018 and 2019, the fastest growing importers of Master alloys of copper were Luxembourg ($17.7M), Slovakia ($13.6M), China ($9.33M), Singapore ($5.97M), and United Arab Emirates ($2.35M).

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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 Master alloys of copper.

In 2019,  market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Master alloys of copper are explained by 11 countries.

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TOP NET EXPORTER (2019): Belgium, $77.4M

TOP NET IMPORTER (2019): Germany, $83M

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

In 2019, the countries that had a largest trade value in exports than in imports of Master alloys of copper were Belgium ($77.4M), Zambia ($62.2M), Kazakhstan ($28.3M), Netherlands ($20.4M), and United Kingdom ($19.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Master alloys of copper were Germany ($83M), China ($28.5M), Luxembourg ($28.4M), Hong Kong ($18.7M), and Slovakia ($13.7M).

Import Tariffs

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In 2018, the average tariff for importing Master alloys of copper was 2.64%.  The countries with the highest tariffs for importing Master alloys of copper were Bahamas (40.2%), Uzbekistan (28.7%), Bermuda (25%), Sudan (21.9%), and Panama (15%).

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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.