HS Icon Scrap Copper

7404 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $21B, Rnk 178 / 1217

2019
Top Exporter | Top Importer
: $2.88B | $5.12B, United States | China

2019
Product Complexity
: -1.1, Rnk 798 / 961

2018 - 2019
Export Growth (CAGR)
: -7.93%, Rnk 886 / 1217

2018
Mean Tariff
: 2.27%, Rnk 1203 / 1259

 2019
Share of World Trade
: 0.12%, Rnk 178 / 1217

Overview:  This page contains the latest trade data of Scrap Copper. In 2019, Scrap Copper were the world's 178th most traded product, with a total trade of $21B. Between 2018 and 2019 the exports of Scrap Copper decreased by -7.93%, from  $22.8B to $21B. Trade in Scrap Copper represent 0.12% of total world trade.

Exports: In 2019 the top exporters of Scrap Copper  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 Scrap Copper 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 Scrap Copper was 2.27%, making it the 1203rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Scrap Copper 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: Scrap Copper ranks 798th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

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

Top Destination (2019): China, $5.12B

Scrap Copper are the world's 178th most traded product.

In 2019, the top exporters of Scrap Copper 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 Scrap Copper 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 Scrap Copper 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 Scrap Copper 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 Scrap Copper.

In 2019,  market concentration measured using Shannon Entropy, was 5.37. This means that most of the exports of Scrap Copper 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 Scrap Copper. Each country is colored based on the difference in exports and imports of Scrap Copper during 2019.

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

Disaggregation

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Value

In 2019, the world most traded Scrap Copper, disaggragated by their HS6 level were Copper/copper alloy waste or scrap ($21B)

Import Tariffs

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In 2018, the average tariff for importing Scrap Copper was 2.27%.  The countries with the highest tariffs for importing Scrap Copper 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.