Sign In
Pricing

Copper; refined and copper alloys, unwrought

7403 (Harmonized System 1992 for 4-digit)

2022
World Trade $95.3BRnk 35 / 1218
2022
Top Exporter | Top Importer $18.4B | $34.7BChile | China
2022
Product Complexity -1.57Rnk 966 / 1033
2021 - 2022
Export Growth (CAGR) -3.2%Rnk 977 / 1218
2022
Share of World Trade 0.4%Rnk 35 / 1218

About

Overview This page contains the latest trade data of Refined Copper. In 2022, Refined Copper were the world's 35th most traded product, with a total trade of $95.3B. Between 2021 and 2022 the exports of Refined Copper decreased by -3.2%, from $98.4B to $95.3B. Trade in Refined Copper represent 0.4% of total world trade.

Refined Copper are a part of Copper articles. They include Unwrought Copper Cathodes & Sections, Refined copper products, unwrought, nes, Billets, copper, unwrought, Copper-zinc base alloys, unwrought, Copper alloys, unwrought (other than master alloys), Copper-tin base alloys, unwrought, Wire bars, copper, unwrought, and Copper-nickel, copper-nickel-zinc base alloy,unwrough.

Exports In 2022 the top exporters of Refined Copper  were Chile ($18.4B), Democratic Republic of the Congo ($16.3B), Russia ($6.58B), Japan ($5.9B), and Kazakhstan ($3.8B).

Imports In 2022 the top importers of Refined Copper were China ($34.7B), United States ($6.16B), Germany ($5.77B), Italy ($5.19B), and Chinese Taipei ($3.97B).

Ranking Refined Copper ranks 966th in the Product Complexity Index (PCI).

Description Copper is used in the production of electrical and electronic equipment, as well as other products. Copper alloys are made from copper and other metals.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

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

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

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2022)Chile$18.4B
Top Destination (2022)China$34.7B

In 2022 Refined Copper were the world's 35th most traded product (out of 1,218).

In 2022, the top exporters of Refined Copper were Chile ($18.4B), Democratic Republic of the Congo ($16.3B), Russia ($6.58B), Japan ($5.9B), and Kazakhstan ($3.8B).

In 2022, the top importers of Refined Copper were China ($34.7B), United States ($6.16B), Germany ($5.77B), Italy ($5.19B), and Chinese Taipei ($3.97B).

Explore Visualizations

Exporters of Refined Copper (2022)
[Click to Select a Country]

Importers of Refined Copper (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)Russia$2.2B
Top Destination Growth (2021 -  2022)China$1.25B

Between 2021 and 2022, the exports of Refined Copper grew the fastest in Russia ($2.2B), Democratic Republic of the Congo ($722M), Mexico ($588M), Netherlands ($439M), and Republic of the Congo ($324M).

Between 2021 and 2022, the fastest growing importers of Refined Copper were China ($1.25B), Germany ($778M), Mozambique ($454M), Hong Kong ($433M), and Spain ($381M).

Explore Visualizations

Exporters of Refined Copper (2021 - 2022)

Importers of Refined Copper (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Refined Copper are explained by 21 countries.

Explore Visualizations

Value of Exports in Refined Copper

Net Trade

TOP NET EXPORTER (2022)Chile$18.4B
TOP NET IMPORTER (2022)China$32.2B

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

In 2022, the countries that had a largest trade value in exports than in imports of Refined Copper were Chile ($18.4B), Democratic Republic of the Congo ($16.3B), Russia ($6.56B), Japan ($5.75B), and Kazakhstan ($3.8B).

In 2022, the countries that had a largest trade value in imports than in exports of Refined Copper were China ($32.2B), United States ($5.34B), Italy ($4.91B), Germany ($3.68B), and Chinese Taipei ($3.44B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Refined Copper, disaggragated by their HS6 level were Unwrought Copper Cathodes & Sections ($87.2B), Refined copper products, unwrought, nes ($3.16B), Copper-zinc base alloys, unwrought ($1.7B), Billets, copper, unwrought ($1.32B), and Copper alloys, unwrought (other than master... ($1.12B)

HS6 Disaggregation for Refined Copper (2022)
[Click to Select]

Country Comparison

Flow
Measure
Ranking

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

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

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $81.5M
TOP IMPORT POTENTIALSpain+ $125k

Refined Copper’s highest export potential is Italy. With an export gap of $81.5M.  Refined Copper’s highest import potential is Spain with an import gap of $125k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

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)

Related Products

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

Country by Relatedness

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

Relative Relatedness by Country (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms