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Copper; bars, rods and profiles

7407 (Harmonized System 1992 for 4-digit)

2023
World Trade $6.07BRnk 484 / 1217
2023
Top Exporter | Top Importer $1.03B | $570MGermany | Germany
2023
Product Complexity 0.19Rnk 499 / 1044
2022 - 2023
Export Growth (CAGR) -12%Rnk 807 / 1217
2023
Share of World Trade 0.027%Rnk 484 / 1217

About

Overview This page contains the latest trade data of Copper Bars. In 2023, Copper Bars were the world's 484th most traded product, with a total trade of $6.07B. Between 2022 and 2023 the exports of Copper Bars decreased by -12%, from $6.9B to $6.07B. Trade in Copper Bars represent 0.027% of total world trade.

Copper Bars are a part of Copper articles. They include Bars, rods & profiles of refined copper, Bars, rods & profiles of copper-zinc base alloys, Bars, rods & profiles, copper alloy nes, and Bar, rod, profiles, copper-nickel, copper-nickel-zinc.

Exports In 2023 the top exporters of Copper Bars  were Germany ($1.03B), France ($454M), Italy ($444M), United States ($369M), and China ($361M).

Imports In 2023 the top importers of Copper Bars were Germany ($570M), United States ($540M), Italy ($440M), China ($391M), and United Kingdom ($299M).

Ranking Copper Bars ranks 499th in the Product Complexity Index (PCI).

Description Copper bars, rods and profiles are used in the production of other goods. They can be made from a variety of materials, including copper, brass, and aluminum.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Copper Bars. 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)Germany$1.03B
Top Destination (2023)Germany$570M

In 2023 Copper Bars were the world's 484th most traded product (out of 1,217).

In 2023, the top exporters of Copper Bars were Germany ($1.03B), France ($454M), Italy ($444M), United States ($369M), and China ($361M).

In 2023, the top importers of Copper Bars were Germany ($570M), United States ($540M), Italy ($440M), China ($391M), and United Kingdom ($299M).

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

Color
Top Origin Growth (2022 -  2023)Israel$23.7M
Top Destination Growth (2022 -  2023)Australia$35.5M

Between 2022 and 2023, the exports of Copper Bars grew the fastest in Israel ($23.7M), Belgium ($12.6M), United Kingdom ($11.2M), United States ($9.37M), and Azerbaijan ($8.47M).

Between 2022 and 2023, the fastest growing importers of Copper Bars were Australia ($35.5M), Mexico ($25M), Israel ($20.8M), Norway ($9.44M), and United Kingdom ($8.13M).

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Exporters of Copper Bars (2022 - 2023)

Importers of Copper Bars (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.68. This means that most of the exports of Copper Bars are explained by 25 countries.

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Value of Exports in Copper Bars

Net Trade

TOP NET EXPORTER (2023)Germany$456M
TOP NET IMPORTER (2023)United Kingdom$253M

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

In 2023, the countries that had a largest trade value in exports than in imports of Copper Bars were Germany ($456M), South Korea ($296M), Bulgaria ($253M), France ($225M), and Belgium ($170M).

In 2023, the countries that had a largest trade value in imports than in exports of Copper Bars were United Kingdom ($253M), United States ($172M), Canada ($168M), Mexico ($126M), and Czechia ($117M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Copper Bars, disaggragated by their HS6 level were Bars, rods & profiles of refined... ($2.63B), Bars, rods & profiles of copper-zinc... ($2.47B), and Bars, rods & profiles, copper alloy... ($979M)

HS6 Disaggregation for Copper Bars (2023)
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Country Comparison

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Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALFrance+ $15M
TOP IMPORT POTENTIALFrance+ $17M

Copper Bars’s highest export potential is France. With an export gap of $15M.  Copper Bars’s highest import potential is France with an import gap of $17M.

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Copper Bars.

Country by Relatedness

The following visualization shows the relatedness of Copper Bars 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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