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2022
Exports $1.21BWorld Rnk 19 / 140
Flag Rnk 77 / 1210
2022
Destination $30.1M United States
2021 - 2022
FASTEST GROWING MARKET $30.1MBrazil
2022
PRODUCT COMPLEXITY IN Refined Copper-1.43Rnk 938 / 1025
2022
Imports $344MWorld Rnk 27 / 184
Flag Rnk 296 / 1213
2022
Origin $35.3M United States
2021 - 2022
FASTEST GROWING ORIGIN $35.3MChile
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.21B in Refined Copper, making it the 19th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 77th most exported product in Canada. The main destination of Refined Copper exports from Canada are: United States ($1.17B), Brazil ($30.1M), China ($1.56M), Malaysia ($1.42M), and Australia ($464k).

The fastest growing export markets for Refined Copper of Canada between 2021 and 2022 were Brazil ($30.1M), Malaysia ($1.05M), and Australia ($283k).

Imports In 2022, Canada imported $344M in Refined Copper, becoming the 27th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 296th most imported product in Canada. Canada imports Refined Copper primarily from: United States ($206M), Democratic Republic of the Congo ($68.4M), Chile ($49.9M), Zambia ($6.48M), and Finland ($3.09M).

The fastest growing import markets in Refined Copper for Canada between 2021 and 2022 were Chile ($35.3M), Zambia ($6.48M), and Spain ($1.15M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Refined Copper exports accounted up to C$168M and imports accounted up to C$37M, resulting in a positive trade balance of C$131M. Between June 2023 and June 2024 the exports of Canada's   Refined Copper have increased by C$39.4M (30.7%) from C$128M to C$168M, while imports increased by C$8.5M (29.8%) from C$28.5M to C$37M.

Destinations In June 2024, Refined Copper were exported mostly to United States (C$167M), Malaysia (C$748k), China (C$11.3k), and Singapore (C$2.52k), and were imported mostly from Republic of the Congo (C$27M), Chile (C$4.84M), United States (C$2.68M), South Africa (C$1.88M), and Spain (C$276k).

Growth In June 2024, the increase in Refined Copper's year-by-year exports was explained primarily by an increase in exports to United States (C$27.9M or 21%). In June 2024, the increase in Refined Copper's year-by-year imports was explained primarily by an increase in imports from Germany (C$5.03M or 593%), France (C$7.93k or 93.1%), and Belgium (C$159 or 141%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$39.4M(30.7%)
IMPORT GROWTH (June 2023 - June 2024)C$8.5M(29.8%)
MAIN EXPORTER (June 2024)QuebecC$169M
MAIN DESTINATION (June 2024)United StatesC$167M

This section shows Refined Copper's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Refined Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.21B
IMPORTS (2022)$344M
NET TRADE (2022)$865M

In 2022, Canada exported $1.21B in Refined Copper. The main destinations of Canada exports on Refined Copper were United States ($1.17B), Brazil ($30.1M), China ($1.56M), Malaysia ($1.42M), and Australia ($464k).

In 2022, Canada imported $344M in Refined Copper, mainly from United States ($206M), Democratic Republic of the Congo ($68.4M), Chile ($49.9M), Zambia ($6.48M), and Finland ($3.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Brazil$30.1M (15.3M%)
Malaysia$1.05M (278%)
Australia$283k (156%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Canada WERE (2021 - 2022):
United States-$237M (-16.8%)
Spain-$12.6M (-100%)
Switzerland-$4.54M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Refined Copper were:
Chile $18.4B
Democratic Republic of the Congo $16.3B
Russia $6.58B
In 2022, Canada's main importing competitors in Refined Copper were:
China $34.7B
United States $6.16B
Germany $5.77B

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $166M
TOP IMPORT POTENTIALChile+ $31.3M

Refined Copper’s highest export potential is United States. With an export gap of $166M.   Refined Copper’s highest import potential is Chile with an import gap of $31.3M.

See methodology.

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