In 2023, Chile maintained its dominant position as the leading exporter of refined copper and copper alloys despite a slight decline of 3.03%. Russia and China showed positive growth of 3.35% and 3.89% respectively, reflecting strengthening export activities. Conversely, significant declines were observed for countries such as Belgium (-6.92%) and Colombia (-31.09%). New Zealand and Greece also experienced downturns. On the other hand, countries like Bosnia and Herzegovina showed remarkable growth, increasing by 53.81% year-on-year. Overall, emerging markets and smaller nations showcased varied performances with notable discrepancies in export shares.
Future trends to watch in the global copper export market include increased diversification from traditional markets such as Chile, Japan, and the United States. China and Russia are expected to exploit their positive growth trends. The rise of smaller exporters like Ireland and Mongolia might pose new competitive dynamics. Furthermore, global economic shifts, technological advances in mining, and geopolitical tensions will influence future market behaviors. Observing environmental compliance and sustainable practices in copper production will also be crucial factors shaping the landscape of global copper exports.
Top countries in Export of Refined Copper and Copper Alloys by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 13,296,000,000 | 2023 | -1.11% | -3.03% | View data |
| 2 | 2 Russia | 4,867,000,000 | 2023 | +3.81% | +3.35% | View data |
| 3 | 3 Japan | 3,697,800,000 | 2023 | +1.2% | -2.02% | View data |
| 4 | 4 Kazakhstan | 2,577,200,000 | 2023 | +1.57% | +1.19% | View data |
| 5 | 5 Australia | 2,454,400,000 | 2023 | +0.75% | +0.43% | View data |
| 6 | 6 China | 2,275,800,000 | 2023 | +2.8% | +3.89% | View data |
| 7 | 7 South Korea | 1,831,400,000 | 2023 | +2.64% | +2.68% | View data |
| 8 | 8 Zambia | 1,799,000,000 | 2023 | -6.19% | -4.16% | View data |
| 9 | 9 Peru | 1,792,400,000 | 2023 | +0.062% | -0.56% | View data |
| 10 | 10 United States | 1,673,100,000 | 2023 | +3.63% | +1.69% | View data |
