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Copper ore: top exporters and importers (2024)

In 2024, world trade in copper ore totaled $103.9 billion (35.2 million tonnes). The top exporters were Chile (29%), Peru (20%) and Indonesia (8%); China accounted for 62% of imports, followed by Japan (13%) and South Korea (5%). Compared with 2019, the value rose 78%.

Summary

World trade
$103.9billion
Tonnes
35.2million tonnes
Price per tonne
$2,948
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Chile$30.3 billion · 29.2%
    see destinations
  2. Peru$20.6 billion · 19.8%
    see destinations
  3. Indonesia$8.2 billion · 7.9%
    see destinations
  4. Australia$5.3 billion · 5.1%
    see destinations
  5. Brazil$4.1 billion · 3.9%
    see destinations
  6. Mexico$3.8 billion · 3.7%
    see destinations
  7. Canada$3.4 billion · 3.2%
    see destinations
  8. Mongolia$3.3 billion · 3.2%
    see destinations
  9. Kazakhstan$3.2 billion · 3.1%
    see destinations
  10. Democratic Republic of the Congo$3 billion · 2.9%
    see destinations
  11. United States$3 billion · 2.9%
    see destinations
  12. Serbia$1.6 billion · 1.6%
    see destinations
  13. Russia$1.5 billion · 1.5%
    see destinations
  14. Papua New Guinea$1.3 billion · 1.2%
  15. Spain$1.2 billion · 1.2%
  16. Ecuador$1.1 billion · 1.1%
  17. Philippines$956 million · 0.92%
  18. Botswana$820 million · 0.79%
  19. Turkey$659 million · 0.63%
  20. Bulgaria$630 million · 0.61%

Top importers

  1. China$64.7 billion · 62.3%
    see sources
  2. Japan$13.2 billion · 12.7%
    see sources
  3. South Korea$4.9 billion · 4.8%
    see sources
  4. India$3.9 billion · 3.8%
    see sources
  5. Bulgaria$2.5 billion · 2.5%
    see sources
  6. Spain$2.5 billion · 2.4%
    see sources
  7. Germany$2.4 billion · 2.3%
    see sources
  8. Philippines$2 billion · 2%
    see sources
  9. Mexico$1.2 billion · 1.2%
  10. Finland$1 billion · 0.99%
  11. Taiwan$864 million · 0.83%
  12. Sweden$769 million · 0.74%
  13. Canada$726 million · 0.7%
  14. Poland$561 million · 0.54%
  15. Namibia$427 million · 0.41%
  16. Serbia$323 million · 0.31%
  17. Malaysia$289 million · 0.28%
  18. Russia$228 million · 0.22%
  19. Uzbekistan$213 million · 0.21%
  20. Belgium$164 million · 0.16%
    re-exports

Trend

Who sells it

Chile was the top exporter throughout the period

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

  • Chile 30.3
  • Peru 20.6
  • Indonesia 8.2
  • Australia 5.3
  • Brazil 4.1

Source: CEPII BACI

Show the numbers
Country19952024
Chile230.3
Peru0.220.6
Indonesia1.48.2
Australia0.285.3
Brazil< 0.014.1

Price

Implied price

The price per tonne rose 210% since 1995

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

  • 2024: $2,948

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$951
1996$767
1997$587
1998$534
1999$572
2000$618
2001$473
2002$407
2003$679
2004$1,004
2005$1,203
2006$1,927
2007$2,144
2008$1,948
2009$1,554
2010$2,345
2011$2,911
2012$2,529
2013$2,298
2014$1,942
2015$1,523
2016$1,367
2017$1,601
2018$1,662
2019$961
2020$783
2021$1,745
2022$1,470
2023$2,229
2024$2,948

What it includes

Copper concentrates; the value includes the gold and silver they contain.

  • 260300 · subheading of heading 2603: Copper ore

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.

See all products