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Copper and articles thereof

74 (Harmonized System 1992 for 2-digit)

2022
World Trade $228BRnk 19 / 96
2022
Top Exporter | Top Importer $22B | $58BChile | China
2022
Product Complexity -0.66Rnk 71 / 96
2021 - 2022
Export Growth (CAGR) -1.16%Rnk 74 / 96
2022
Share of World Trade 0.96%Rnk 19 / 96

About

Overview This page contains the latest trade data of Copper articles. In 2022, Copper articles were the world's 19th most traded product, with a total trade of $228B. Between 2021 and 2022 the exports of Copper articles decreased by -1.16%, from $230B to $228B. Trade in Copper articles represent 0.96% of total world trade.

Copper articles are a part of Metals. They include Refined Copper, Scrap Copper, Copper Wire, Copper Plating, Raw Copper, Copper Pipes, Copper Foil, Copper Bars, Copper Pipe Fittings, and Other Copper Products, among others.

Exports In 2022 the top exporters of Copper articles  were Chile ($22B), Democratic Republic of the Congo ($17.9B), Germany ($16B), Japan ($12.4B), and China ($11.7B).

Imports In 2022 the top importers of Copper articles were China ($58B), Germany ($15.2B), United States ($14.7B), Italy ($9.98B), and South Korea ($8.65B).

Ranking Copper articles ranks 71st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Copper articles. 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 (2022)Chile$22B
Top Destination (2022)China$58B

In 2022 Copper articles were the world's 19th most traded product (out of 96).

In 2022, the top exporters of Copper articles were Chile ($22B), Democratic Republic of the Congo ($17.9B), Germany ($16B), Japan ($12.4B), and China ($11.7B).

In 2022, the top importers of Copper articles were China ($58B), Germany ($15.2B), United States ($14.7B), Italy ($9.98B), and South Korea ($8.65B).

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Exporters of Copper articles (2022)
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Importers of Copper articles (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Democratic Republic of the Congo$1.73B
Top Destination Growth (2021 -  2022)Germany$1.28B

Between 2021 and 2022, the exports of Copper articles grew the fastest in Democratic Republic of the Congo ($1.73B), Zambia ($801M), Mexico ($683M), Tanzania ($647M), and United Arab Emirates ($565M).

Between 2021 and 2022, the fastest growing importers of Copper articles were Germany ($1.28B), Pitcairn Islands ($1.24B), China ($1.06B), India ($543M), and Spain ($539M).

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Exporters of Copper articles (2021 - 2022)

Importers of Copper articles (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 5.3. This means that most of the exports of Copper articles are explained by 39 countries.

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Value of Exports in Copper articles

Net Trade

TOP NET EXPORTER (2022)Chile$21.8B
TOP NET IMPORTER (2022)China$46.3B

This map shows which countries export or import more of Copper articles. Each country is colored based on the difference in exports and imports of Copper articles during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Copper articles were Chile ($21.8B), Democratic Republic of the Congo ($17.9B), Zambia ($9.5B), Japan ($8.67B), and Russia ($6.04B).

In 2022, the countries that had a largest trade value in imports than in exports of Copper articles were China ($46.3B), India ($5.36B), Switzerland ($5.27B), United States ($4.5B), and Italy ($4.42B).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Copper articles, disaggragated by their HS6 level were Refined Copper ($95.3B), Scrap Copper ($32.2B), Copper Wire ($25.7B), Raw Copper ($17.4B), and Copper Plating ($11.6B)

HS6 Disaggregation for Copper articles (2022)
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Country Comparison

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Measure
Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALItaly+ $82.9M
TOP IMPORT POTENTIALGermany+ $3.04M

Copper articles’s highest export potential is Italy. With an export gap of $82.9M.  Copper articles’s highest import potential is Germany with an import gap of $3.04M.

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 (2022)

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