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Copper; refined and copper alloys, unwrought

7403 (Harmonized System 1992 for 4-digit)

2023
World Trade $86.4BRnk 41 / 1217
2023
Top Exporter | Top Importer $17.1B | $32BChile | China
2023
Product Complexity -1.58Rnk 969 / 1044
2022 - 2023
Export Growth (CAGR) -10.8%Rnk 774 / 1217
2023
Share of World Trade 0.38%Rnk 41 / 1217

About

Overview This page contains the latest trade data of Refined Copper. In 2023, Refined Copper were the world's 41st most traded product, with a total trade of $86.4B. Between 2022 and 2023 the exports of Refined Copper decreased by -10.8%, from $96.9B to $86.4B. Trade in Refined Copper represent 0.38% 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 2023 the top exporters of Refined Copper  were Chile ($17.1B), Democratic Republic of the Congo ($11.8B), Japan ($6.42B), Russia ($5.5B), and Republic of the Congo ($3.67B).

Imports In 2023 the top importers of Refined Copper were China ($32B), United States ($6.91B), Italy ($5.3B), Germany ($4.06B), and Turkey ($3.57B).

Ranking Refined Copper ranks 969th 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

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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.

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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$17.1B
Top Destination (2023)China$32B

In 2023 Refined Copper were the world's 41st most traded product (out of 1,217).

In 2023, the top exporters of Refined Copper were Chile ($17.1B), Democratic Republic of the Congo ($11.8B), Japan ($6.42B), Russia ($5.5B), and Republic of the Congo ($3.67B).

In 2023, the top importers of Refined Copper were China ($32B), United States ($6.91B), Italy ($5.3B), Germany ($4.06B), and Turkey ($3.57B).

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

Color
Top Origin Growth (2022 -  2023)China$1.19B
Top Destination Growth (2022 -  2023)India$1.63B

Between 2022 and 2023, the exports of Refined Copper grew the fastest in China ($1.19B), United States ($441M), Republic of the Congo ($300M), Serbia ($288M), and Japan ($286M).

Between 2022 and 2023, the fastest growing importers of Refined Copper were India ($1.63B), Mexico ($611M), Sweden ($411M), United States ($335M), and Saudi Arabia ($180M).

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Exporters of Refined Copper (2022 - 2023)

Importers of Refined Copper (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Refined Copper are explained by 22 countries.

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Value of Exports in Refined Copper

Net Trade

TOP NET EXPORTER (2023)Chile$17.1B
TOP NET IMPORTER (2023)China$29.5B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Refined Copper were Chile ($17.1B), Democratic Republic of the Congo ($11.8B), Japan ($6.24B), Russia ($5.5B), and Republic of the Congo ($3.67B).

In 2023, the countries that had a largest trade value in imports than in exports of Refined Copper were China ($29.5B), United States ($6.05B), Italy ($5.07B), Turkey ($3.29B), and United Arab Emirates ($3.16B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Refined Copper, disaggragated by their HS6 level were Unwrought Copper Cathodes & Sections ($79.2B), Refined copper products, unwrought, nes ($2.82B), Copper-zinc base alloys, unwrought ($1.6B), Billets, copper, unwrought ($1.21B), and Copper alloys, unwrought (other than master... ($1.05B)

HS6 Disaggregation for Refined Copper (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 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

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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.

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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 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 (2023)

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