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Copper matte: top exporters and importers (2024)

In 2024, world trade in copper matte totaled $1 billion (272 thousand tonnes). The top exporters were Canada (22%), Finland (20%) and Mexico (8%); the top importers were China (22%), Russia (20%) and South Korea (18%). Compared with 2019, the value was stable.

Summary

World trade
$1billion
Tonnes
272thousand tonnes
Price per tonne
$3,854
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Canada$234 million · 22.3%
  2. Finland$212 million · 20.2%
  3. Mexico$86 million · 8.2%
  4. Cambodia$78 million · 7.4%
  5. Germany$68 million · 6.5%
  6. Thailand$41 million · 3.9%
  7. South Korea$30 million · 2.9%
  8. Indonesia$27 million · 2.6%
  9. Peru$21 million · 2%
  10. India$18 million · 1.7%
  11. Norway$17 million · 1.6%
  12. Taiwan$17 million · 1.6%
  13. Japan$16 million · 1.6%
  14. France$16 million · 1.6%
  15. Chile$16 million · 1.5%
  16. Zambia$12 million · 1.2%
  17. Australia$12 million · 1.1%
  18. Democratic Republic of the Congo$12 million · 1.1%
  19. Laos$12 million · 1.1%
  20. Tanzania$11 million · 1%

Top importers

  1. China$226 million · 21.6%
  2. Russia$212 million · 20.2%
  3. South Korea$192 million · 18.3%
  4. Norway$120 million · 11.5%
  5. Belgium$91 million · 8.7%
    re-exports
  6. Finland$39 million · 3.7%
  7. Thailand$33 million · 3.2%
  8. Australia$30 million · 2.9%
  9. Bulgaria$28 million · 2.7%
  10. Cambodia$26 million · 2.5%
  11. Malaysia$13 million · 1.3%
  12. Germany$10 million · 0.92%
  13. Japan$7 million · 0.7%
  14. Vietnam$5 million · 0.43%
  15. Spain$4 million · 0.41%
  16. Mexico$3 million · 0.32%
  17. United States$1 million · 0.12%
  18. Canada$863 thousand · 0.08%
  19. France$583 thousand · 0.06%
  20. United Kingdom$540 thousand · 0.05%

Trend

Who sells it

Canada has been the top exporter since 2024

Value in USD millions. The five largest exporters in 2024.

  • Canada 234
  • Finland 212
  • Mexico 86.4
  • Cambodia 77.6
  • Germany 67.9

Source: CEPII BACI

Show the numbers
Country19952024
Canada34.4234
Finland< 0.01212
Mexico8.386.4
Cambodia077.6
Germany1.267.9

Price

Implied price

The price per tonne rose 2,253% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $3,854

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$164
1996$1,004
1997$1,172
1998$999
1999$1,041
2000$1,558
2001$1,250
2002$1,296
2003$2,252
2004$2,372
2005$3,075
2006$3,674
2007$2,674
2008$2,532
2009$2,216
2010$3,018
2011$4,055
2012$4,307
2013$2,912
2014$3,571
2015$2,387
2016$1,968
2017$1,923
2018$2,249
2019$2,726
2020$2,957
2021$4,918
2022$5,860
2023$5,582
2024$3,854

What it includes

  • 7401 · Copper matte

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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