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Refined copper: top exporters and importers (2024)

In 2024, world trade in refined copper totaled $94.7 billion (10.5 million tonnes). The top exporters were the Democratic Republic of the Congo (21%), Chile (18%) and Japan (8%); the top importers were China (39%), the United States (9%) and Taiwan (5%). Compared with 2019, the value rose 40%.

Summary

World trade
$94.7billion
Tonnes
10.5million tonnes
Price per tonne
$9,050
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Democratic Republic of the Congo$19.5 billion · 20.6%
    see destinations
  2. Chile$17.4 billion · 18.4%
    see destinations
  3. Japan$7.3 billion · 7.7%
    see destinations
  4. Kazakhstan$4.3 billion · 4.5%
    see destinations
  5. Australia$3.7 billion · 3.9%
    see destinations
  6. Russia$3.2 billion · 3.4%
    see destinations
  7. China$3 billion · 3.2%
    see destinations
  8. Poland$2.7 billion · 2.8%
    see destinations
  9. Peru$2.5 billion · 2.7%
    see destinations
  10. Zambia$2.5 billion · 2.7%
    see destinations
  11. Indonesia$2.3 billion · 2.4%
    see destinations
  12. Bulgaria$1.9 billion · 2%
    see destinations
  13. Republic of the Congo$1.9 billion · 2%
    see destinations
  14. South Korea$1.8 billion · 1.9%
    see destinations
  15. Canada$1.4 billion · 1.5%
    see destinations
  16. Philippines$1.4 billion · 1.5%
    see destinations
  17. Belgium$1.4 billion · 1.5%
    re-exports
  18. Germany$1.4 billion · 1.5%
  19. United States$1.4 billion · 1.4%
  20. Spain$1.3 billion · 1.4%

Top importers

  1. China$37.3 billion · 39.4%
    see sources
  2. United States$8.5 billion · 9%
    see sources
  3. Taiwan$5.1 billion · 5.4%
    see sources
  4. Italy$5 billion · 5.3%
    see sources
  5. Germany$3.9 billion · 4.1%
    see sources
  6. Turkey$3.6 billion · 3.8%
    see sources
  7. Thailand$3.3 billion · 3.5%
    see sources
  8. India$2.8 billion · 2.9%
    see sources
  9. South Korea$2.6 billion · 2.7%
    see sources
  10. Brazil$2.6 billion · 2.7%
    see sources
  11. Malaysia$2.3 billion · 2.4%
    see sources
  12. Vietnam$1.9 billion · 2%
    see sources
  13. France$1.8 billion · 2%
    see sources
  14. Saudi Arabia$1.5 billion · 1.6%
    see sources
  15. Spain$1.3 billion · 1.4%
  16. Egypt$1.3 billion · 1.4%
  17. Mexico$1.2 billion · 1.3%
  18. Sweden$1.1 billion · 1.2%
  19. Switzerland$966 million · 1%
  20. Netherlands$955 million · 1%
    re-exports

Trend

Who sells it

The Democratic Republic of the Congo has been the top exporter since 2023

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

  • Democratic Republic of the Congo 19.5
  • Chile 17.4
  • Japan 7.3
  • Kazakhstan 4.3
  • Australia 3.7

Source: CEPII BACI

Show the numbers
Country19952024
Democratic Republic of the Congo0.0619.5
Chile4.117.4
Japan0.557.3
Kazakhstan0.234.3
Australia0.433.7

Price

Implied price

The price per tonne rose 205% since 1995

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

  • 2024: $9,050

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$2,964
1996$2,461
1997$2,435
1998$1,739
1999$1,564
2000$1,885
2001$1,593
2002$1,610
2003$1,864
2004$2,860
2005$3,540
2006$6,296
2007$7,149
2008$6,952
2009$5,239
2010$7,265
2011$8,770
2012$7,899
2013$7,384
2014$6,739
2015$5,591
2016$4,868
2017$5,525
2018$6,464
2019$6,050
2020$6,159
2021$8,974
2022$8,728
2023$8,337
2024$9,050

What it includes

Cathodes and other unwrought refined copper and copper alloys.

  • 7403 · Refined copper

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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