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Copper and articles thereof

74 (Harmonized System 1992 for 2-digit)

2023
World Trade $212BRnk 20 / 96
2023
Top Exporter | Top Importer $19.9B | $56.7BChile | China
2023
Product Complexity -0.82Rnk 78 / 96
2022 - 2023
Export Growth (CAGR) -9.73%Rnk 66 / 96
2023
Share of World Trade 0.94%Rnk 20 / 96

About

Overview This page contains the latest trade data of Copper articles. In 2023, Copper articles were the world's 20th most traded product, with a total trade of $212B. Between 2022 and 2023 the exports of Copper articles decreased by -9.73%, from $234B to $212B. Trade in Copper articles represent 0.94% of total world trade.

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

Exports In 2023 the top exporters of Copper articles  were Chile ($19.9B), Germany ($14.7B), Democratic Republic of the Congo ($13.3B), Japan ($12.7B), and China ($10.9B).

Imports In 2023 the top importers of Copper articles were China ($56.7B), United States ($14.7B), Germany ($11.3B), Italy ($10B), and India ($9.08B).

Ranking Copper articles ranks 78th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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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 (2023)Chile$19.9B
Top Destination (2023)China$56.7B

In 2023 Copper articles were the world's 20th most traded product (out of 96).

In 2023, the top exporters of Copper articles were Chile ($19.9B), Germany ($14.7B), Democratic Republic of the Congo ($13.3B), Japan ($12.7B), and China ($10.9B).

In 2023, the top importers of Copper articles were China ($56.7B), United States ($14.7B), Germany ($11.3B), Italy ($10B), and India ($9.08B).

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

Color
Top Origin Growth (2022 -  2023)India$513M
Top Destination Growth (2022 -  2023)India$1.58B

Between 2022 and 2023, the exports of Copper articles grew the fastest in India ($513M), Namibia ($313M), Serbia ($306M), Sweden ($288M), and Republic of the Congo ($286M).

Between 2022 and 2023, the fastest growing importers of Copper articles were India ($1.58B), Belgium ($708M), Mexico ($618M), Saudi Arabia ($290M), and Morocco ($272M).

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Exporters of Copper articles (2022 - 2023)

Importers of Copper articles (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 5.32. 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 (2023)Chile$19.8B
TOP NET IMPORTER (2023)China$45.8B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Copper articles were Chile ($19.8B), Democratic Republic of the Congo ($13.3B), Zambia ($9.85B), Japan ($9.56B), and Russia ($5.07B).

In 2023, the countries that had a largest trade value in imports than in exports of Copper articles were China ($45.8B), India ($6.76B), Switzerland ($4.55B), United States ($4.35B), and Italy ($4.28B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Copper articles, disaggragated by their HS6 level were Refined Copper ($86.4B), Scrap Copper ($32.7B), Copper Wire ($26.3B), Raw Copper ($16.1B), and Copper Plating ($9.75B)

HS6 Disaggregation for Copper articles (2023)
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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 (2023)

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