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Copper; waste and scrap

7404 (Harmonized System 1992 for 4-digit)

2022
World Trade $32.2BRnk 148 / 1218
2022
Top Exporter | Top Importer $5.05B | $9.38BUnited States | China
2022
Product Complexity -1Rnk 836 / 1033
2021 - 2022
Export Growth (CAGR) -1.77%Rnk 938 / 1218
2022
Share of World Trade 0.14%Rnk 148 / 1218

About

Overview This page contains the latest trade data of Scrap Copper. In 2022, Scrap Copper were the world's 148th most traded product, with a total trade of $32.2B. Between 2021 and 2022 the exports of Scrap Copper decreased by -1.77%, from $32.8B to $32.2B. Trade in Scrap Copper represent 0.14% of total world trade.

Scrap Copper are a part of Copper articles. They include Copper/copper alloy waste or scrap.

Exports In 2022 the top exporters of Scrap Copper  were United States ($5.05B), Germany ($2.23B), Japan ($2.02B), France ($1.55B), and United Kingdom ($1.54B).

Imports In 2022 the top importers of Scrap Copper were China ($9.38B), Germany ($3.52B), South Korea ($2.32B), Japan ($1.75B), and Belgium ($1.62B).

Ranking Scrap Copper ranks 836th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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Flow
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The following visualization shows the latest trends on Scrap 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 (2022)United States$5.05B
Top Destination (2022)China$9.38B

In 2022 Scrap Copper were the world's 148th most traded product (out of 1,218).

In 2022, the top exporters of Scrap Copper were United States ($5.05B), Germany ($2.23B), Japan ($2.02B), France ($1.55B), and United Kingdom ($1.54B).

In 2022, the top importers of Scrap Copper were China ($9.38B), Germany ($3.52B), South Korea ($2.32B), Japan ($1.75B), and Belgium ($1.62B).

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

Color
Top Origin Growth (2021 -  2022)United States$500M
Top Destination Growth (2021 -  2022)China$567M

Between 2021 and 2022, the exports of Scrap Copper grew the fastest in United States ($500M), Saudi Arabia ($243M), Chinese Taipei ($169M), China ($107M), and Philippines ($100M).

Between 2021 and 2022, the fastest growing importers of Scrap Copper were China ($567M), Japan ($306M), Singapore ($175M), Poland ($132M), and India ($130M).

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Exporters of Scrap Copper (2021 - 2022)

Importers of Scrap Copper (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 5.31. This means that most of the exports of Scrap Copper are explained by 39 countries.

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Value of Exports in Scrap Copper

Net Trade

TOP NET EXPORTER (2022)United States$4.27B
TOP NET IMPORTER (2022)China$9.07B

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

In 2022, the countries that had a largest trade value in exports than in imports of Scrap Copper were United States ($4.27B), United Kingdom ($1.32B), Saudi Arabia ($1.26B), France ($1.18B), and Mexico ($801M).

In 2022, the countries that had a largest trade value in imports than in exports of Scrap Copper were China ($9.07B), South Korea ($2.15B), India ($1.3B), Germany ($1.29B), and Belgium ($1.2B).

Net Trade (2022)

Country Comparison

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Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $73.9M
TOP IMPORT POTENTIALCanada+ $47.7M

Scrap Copper’s highest export potential is India. With an export gap of $73.9M.  Scrap Copper’s highest import potential is Canada with an import gap of $47.7M.

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)

Related Products

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

Country by Relatedness

The following visualization shows the relatedness of Scrap 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)

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