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Copper; waste and scrap

7404 (Harmonized System 1992 for 4-digit)

2023
World Trade $32.7BRnk 137 / 1217
2023
Top Exporter | Top Importer $4.68B | $12.5BUnited States | China
2023
Product Complexity -0.88Rnk 826 / 1044
2022 - 2023
Export Growth (CAGR) -8.58%Rnk 698 / 1217
2023
Share of World Trade 0.14%Rnk 137 / 1217

About

Overview This page contains the latest trade data of Scrap Copper. In 2023, Scrap Copper were the world's 137th most traded product, with a total trade of $32.7B. Between 2022 and 2023 the exports of Scrap Copper decreased by -8.58%, from $35.7B to $32.7B. 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 2023 the top exporters of Scrap Copper  were United States ($4.68B), Japan ($2.43B), Germany ($2.27B), United Kingdom ($1.51B), and France ($1.49B).

Imports In 2023 the top importers of Scrap Copper were China ($12.5B), Germany ($3.14B), India ($1.63B), Belgium ($1.56B), and Japan ($1.55B).

Ranking Scrap Copper ranks 826th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

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 (2023)United States$4.68B
Top Destination (2023)China$12.5B

In 2023 Scrap Copper were the world's 137th most traded product (out of 1,217).

In 2023, the top exporters of Scrap Copper were United States ($4.68B), Japan ($2.43B), Germany ($2.27B), United Kingdom ($1.51B), and France ($1.49B).

In 2023, the top importers of Scrap Copper were China ($12.5B), Germany ($3.14B), India ($1.63B), Belgium ($1.56B), and Japan ($1.55B).

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

Color
Top Origin Growth (2022 -  2023)Japan$318M
Top Destination Growth (2022 -  2023)China$868M

Between 2022 and 2023, the exports of Scrap Copper grew the fastest in Japan ($318M), South Korea ($272M), Italy ($213M), Australia ($76.2M), and Saudi Arabia ($51.6M).

Between 2022 and 2023, the fastest growing importers of Scrap Copper were China ($868M), Morocco ($172M), Vietnam ($59.1M), Thailand ($43.2M), and Finland ($37.9M).

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Exporters of Scrap Copper (2022 - 2023)

Importers of Scrap Copper (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 5.29. 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 (2023)United States$3.99B
TOP NET IMPORTER (2023)China$12.2B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Scrap Copper were United States ($3.99B), United Kingdom ($1.35B), Saudi Arabia ($1.25B), France ($1.18B), and Mexico ($922M).

In 2023, the countries that had a largest trade value in imports than in exports of Scrap Copper were China ($12.2B), India ($1.5B), Belgium ($1.22B), Germany ($873M), and South Korea ($787M).

Net Trade (2023)

Country Comparison

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Measure
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 (2023)

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 (2023)

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