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Copper; master alloys

7405 (Harmonized System 1992 for 4-digit)

2023
World Trade $312MRnk 1098 / 1217
2023
Top Exporter | Top Importer $107M | $123MDemocratic Republic of the Congo | China
2022 - 2023
Export Growth (CAGR) -31.8%Rnk 1164 / 1217
2023
Share of World Trade 0.0014%Rnk 1098 / 1217

About

Overview This page contains the latest trade data of Copper Alloys. In 2023, Copper Alloys were the world's 1098th most traded product, with a total trade of $312M. Between 2022 and 2023 the exports of Copper Alloys decreased by -31.8%, from $458M to $312M. Trade in Copper Alloys represent 0.0014% of total world trade.

Copper Alloys are a part of Copper articles. They include Master alloys of copper.

Exports In 2023 the top exporters of Copper Alloys  were Democratic Republic of the Congo ($107M), Belgium ($66.1M), South Korea ($21.5M), Kazakhstan ($17.8M), and Italy ($11.1M).

Imports In 2023 the top importers of Copper Alloys were China ($123M), Germany ($57.3M), Italy ($11.5M), Turkey ($10.1M), and Japan ($7.33M).

Latest Trends

Latest Data

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Democratic Republic of the Congo$107M
Top Destination (2023)China$123M

In 2023 Copper Alloys were the world's 1098th most traded product (out of 1,217).

In 2023, the top exporters of Copper Alloys were Democratic Republic of the Congo ($107M), Belgium ($66.1M), South Korea ($21.5M), Kazakhstan ($17.8M), and Italy ($11.1M).

In 2023, the top importers of Copper Alloys were China ($123M), Germany ($57.3M), Italy ($11.5M), Turkey ($10.1M), and Japan ($7.33M).

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Exporters of Copper Alloys (2023)
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Importers of Copper Alloys (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Belgium$8.31M
Top Destination Growth (2022 -  2023)Gambia$4.18M

Between 2022 and 2023, the exports of Copper Alloys grew the fastest in Belgium ($8.31M), China ($3.05M), Oman ($2.35M), Spain ($1.74M), and Japan ($1.52M).

Between 2022 and 2023, the fastest growing importers of Copper Alloys were Gambia ($4.18M), Singapore ($3.99M), Oman ($2.33M), France ($1.84M), and Iran ($1.41M).

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Exporters of Copper Alloys (2022 - 2023)

Importers of Copper Alloys (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Copper Alloys.

In 2023, market concentration measured using Shannon Entropy, was 3.32. This means that most of the exports of Copper Alloys are explained by 9 countries.

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Value of Exports in Copper Alloys

Net Trade

TOP NET EXPORTER (2023)Democratic Republic of the Congo$107M
TOP NET IMPORTER (2023)China$116M

This map shows which countries export or import more of Copper Alloys. Each country is colored based on the difference in exports and imports of Copper Alloys during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Copper Alloys were Democratic Republic of the Congo ($107M), Belgium ($65.5M), Kazakhstan ($17.6M), South Korea ($14.4M), and Netherlands ($9.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Copper Alloys were China ($116M), Germany ($47.4M), Turkey ($9.91M), Austria ($5.5M), and Mexico ($4.63M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Copper Alloys.
It is possible to select the main countries that export or import Copper Alloys in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Copper Alloys by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $3.38k
TOP IMPORT POTENTIALZambia+ $261

Copper Alloys’s highest export potential is Germany. With an export gap of $3.38k.  Copper Alloys’s highest import potential is Zambia with an import gap of $261.

See methodology.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

Country by Relatedness

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

Relative Relatedness by Country (2023)

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