2023
Exports
$5.5BWorld Rnk 4 / 147
Flag Rnk 11 / 1200
2023
PRODUCT COMPLEXITY IN Refined Copper
-1.41Rnk 931 / 1025
2023
Imports
$2.11MWorld Rnk 74 / 184
Flag Rnk 956 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $5.5B in Refined Copper, making it the 4th largest exporter of Refined Copper in the world. At the same year, Refined Copper was the 11th most exported product in Russia. The main destination of Refined Copper exports from Russia are: China ($3.16B), Turkey ($1.51B), Italy ($247M), Egypt ($176M), and Germany ($108M).

The fastest growing export markets for Refined Copper of Russia between 2022 and 2023 were Turkey ($593M), China ($229M), and Egypt ($176M).

Imports In 2023, Russia imported $2.11M in Refined Copper, becoming the 74th largest importer of Refined Copper in the world. At the same year, Refined Copper was the 956th most imported product in Russia. Russia imports Refined Copper primarily from: Italy ($1.2M), Serbia ($387k), Poland ($193k), Lithuania ($176k), and China ($46k).

The fastest growing import markets in Refined Copper for Russia between 2022 and 2023 were Italy ($926k), Serbia ($378k), and Lithuania ($30.1k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Copper. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.5B
IMPORTS (2023)$2.11M
NET TRADE (2023)$5.5B

In 2023, Russia exported $5.5B in Refined Copper. The main destinations of Russia exports on Refined Copper were China ($3.16B), Turkey ($1.51B), Italy ($247M), Egypt ($176M), and Germany ($108M).

In 2023, Russia imported $2.11M in Refined Copper, mainly from Italy ($1.2M), Serbia ($387k), Poland ($193k), Lithuania ($176k), and China ($46k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Copper EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Turkey$593M (64.6%)
China$229M (7.79%)
Egypt$176M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Copper BY Russia WERE (2022 - 2023):
Germany-$1.26B (-92%)
Netherlands-$582M (-85%)
Chinese Taipei-$215M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Refined Copper were:
In 2023, Russia's main importing competitors in Refined Copper were:

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Trade Value of Refined Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.14B
TOP IMPORT POTENTIALKazakhstan+ $1.72M

Refined Copper’s highest export potential is China. With an export gap of $1.14B.   Refined Copper’s highest import potential is Kazakhstan with an import gap of $1.72M.

See methodology.

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