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2022
Exports $47.7MWorld Rnk 50 / 140
Flag Rnk 561 / 1216
2022
Destination $4.49M Germany
2021 - 2022
FASTEST GROWING MARKET $4.49MGermany
2022
PRODUCT COMPLEXITY IN Refined Copper-1.43Rnk 938 / 1025
2022
Imports $313MWorld Rnk 28 / 184
Flag Rnk 349 / 1214
2022
Origin $45.3M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $45.3MKazakhstan
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $47.7M in Refined Copper, making it the 50th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 561st most exported product in United Kingdom. The main destination of Refined Copper exports from United Kingdom are: Germany ($25.5M), Denmark ($5.06M), Belgium ($2.93M), Sweden ($2.74M), and France ($2.39M).

The fastest growing export markets for Refined Copper of United Kingdom between 2021 and 2022 were Germany ($4.49M), Denmark ($2.94M), and Sweden ($1.34M).

Imports In 2022, United Kingdom imported $313M in Refined Copper, becoming the 28th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 349th most imported product in United Kingdom. United Kingdom imports Refined Copper primarily from: Belgium ($131M), Kazakhstan ($105M), Spain ($16.2M), Netherlands ($16M), and United States ($16M).

The fastest growing import markets in Refined Copper for United Kingdom between 2021 and 2022 were Kazakhstan ($45.3M), United States ($14.8M), and Spain ($4.29M).

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Refined Copper exports accounted up to £2.11M and imports accounted up to £10.7M, resulting in a negative trade balance of £8.63M. Between October 2023 and October 2024 the exports of United Kingdom's   Refined Copper have increased by £402k (23.5%) from £1.71M to £2.11M, while imports increased by £1.47M (15.9%) from £9.27M to £10.7M.

Destinations In October 2024, Refined Copper were exported mostly to Malaysia (£845k), Germany (£643k), Denmark (£179k), Sweden (£178k), and United States (£93.1k), and were imported mostly from Belgium (£8.14M), France (£792k), Germany (£603k), Spain (£359k), and Netherlands (£209k).

Growth In October 2024, the increase in Refined Copper's year-by-year exports was explained primarily by an increase in exports to Netherlands (£495k or 2.59k%), Sweden (£198k or 115%), and Norway (£87.3k or 30.3%). In October 2024, the increase in Refined Copper's year-by-year imports was explained primarily by an increase in imports from Belgium (£575k or 6.77%), France (£495k or 89.6%), and Spain (£380k or 63.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£402k(23.5%)
IMPORT GROWTH (October 2023 - October 2024)£1.47M(15.9%)
MAIN EXPORTER (October 2024)Dover Eurotunnel£961k
MAIN DESTINATION (October 2024)Malaysia£845k

This section shows Refined Copper's exports and imports data at subnational level for United Kingdom. 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)$47.7M
IMPORTS (2022)$313M
NET TRADE (2022)-$266M

In 2022, United Kingdom exported $47.7M in Refined Copper. The main destinations of United Kingdom exports on Refined Copper were Germany ($25.5M), Denmark ($5.06M), Belgium ($2.93M), Sweden ($2.74M), and France ($2.39M).

In 2022, United Kingdom imported $313M in Refined Copper, mainly from Belgium ($131M), Kazakhstan ($105M), Spain ($16.2M), Netherlands ($16M), and United States ($16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$4.49M (21.4%)
Denmark$2.94M (139%)
Sweden$1.34M (95.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY United Kingdom WERE (2021 - 2022):
Chinese Taipei-$1.28M (-54.4%)
France-$914k (-27.7%)
China-$773k (-61.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Refined Copper were:
Chile $18.4B
Democratic Republic of the Congo $16.3B
Russia $6.58B
In 2022, United Kingdom'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 POTENTIALGermany+ $9.61M
TOP IMPORT POTENTIALGermany+ $10.5M

Refined Copper’s highest export potential is Germany. With an export gap of $9.61M.   Refined Copper’s highest import potential is Germany with an import gap of $10.5M.

See methodology.

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