HS Icon Raw Copper

7402 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Raw Copper. In 2019, Raw Copper were the world's 289th most traded product, with a total trade of $11.5B. Between 2018 and 2019 the exports of Raw Copper decreased by -7.83%, from $12.4B to $11.5B. Trade in Raw Copper represent 0.063% of total world trade.

Exports In 2019 the top exporters of Raw Copper  were Zambia ($5.37B), Chile ($1.51B), Namibia ($1.2B), Bulgaria ($801M), and South Africa ($350M).

Imports In 2019 the top importers of Raw Copper were China ($3.62B), Switzerland ($2.2B), Belgium ($1.27B), Namibia ($1.05B), and Germany ($664M).

Tariffs In 2018 the average tariff for Raw Copper was 1.86%, making it the 1248th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Raw Copper are Bahamas (40.2%), Bermuda (25%), Zambia (13.6%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Raw Copper ranks 910th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Zambia, $5.37B

Top Destination (2019): China, $3.62B

Raw Copper are the world's 289th most traded product.

In 2019, the top exporters of Raw Copper were Zambia ($5.37B), Chile ($1.51B), Namibia ($1.2B), Bulgaria ($801M), and South Africa ($350M).

In 2019, the top importers of Raw Copper were China ($3.62B), Switzerland ($2.2B), Belgium ($1.27B), Namibia ($1.05B), and Germany ($664M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Slovakia, $71.8M

Top Destination Growth (2018 - 2019): Namibia, $170M

Between 2018 and 2019, the exports of Raw Copper grew the fastest in Slovakia ($71.8M), Netherlands ($49.6M), Benin ($49.4M), Kazakhstan ($48.6M), and South Africa ($45.4M).

Between 2018 and 2019, the fastest growing importers of Raw Copper were Namibia ($170M), Austria ($85.7M), Brazil ($75.9M), Hong Kong ($71.8M), and Russia ($46.1M).

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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 Raw Copper.

In 2019,  market concentration measured using Shannon Entropy, was 2.95. This means that most of the exports of Raw Copper are explained by 7 countries.

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TOP NET EXPORTER (2019): Zambia, $5.37B

TOP NET IMPORTER (2019): China, $3.62B

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

In 2019, the countries that had a largest trade value in exports than in imports of Raw Copper were Zambia ($5.37B), Chile ($1.51B), Bulgaria ($801M), South Africa ($349M), and Slovakia ($313M).

In 2019, the countries that had a largest trade value in imports than in exports of Raw Copper were China ($3.62B), Switzerland ($2.14B), Belgium ($1.07B), Germany ($517M), and Canada ($489M).

Disaggregation

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Value

In 2019, the world most traded Raw Copper, disaggragated by their HS6 level were Unrefined copper, copper anodes, electrolytic refinin ($11.5B)

Import Tariffs

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In 2018, the average tariff for importing Raw Copper was 1.86%. The countries with the highest tariffs for importing Raw Copper were Bahamas (40.2%), Bermuda (25%), Zambia (13.6%), Algeria (12.2%), and Aruba (12%).

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.

Country by Relatedness

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The following visualization shows the relatedness of Raw Copper to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.