In 2023, Chile and Peru dominated the global export market of copper ores and concentrates, holding significant shares of 29.58% and 22.5% respectively. Both countries showed year-on-year growth, with Peru experiencing higher growth at 4.06%. Other key players included Australia and Indonesia, with moderate shares. Brazil and Spain also displayed notable export growth, at 3.91% and 4.69% respectively. Remarkably, Belgium showed the highest growth, nearly doubling its export value. Namibia saw the most significant increase among smaller exporters. Conversely, some countries such as Poland and South Africa saw declines in export values.
Future trends to monitor include the role of geopolitical tensions and environmental policies on copper supply chains. The adoption of new technologies and green initiatives in mining are expected to impact production costs and export capacities. Additionally, increasing global demand, especially from renewable energy and electric vehicle sectors, will shape the dynamics of this market.
Top countries in Export of Copper Ores and Concentrates Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 29.58 | 2023 | +2.82% | +2.23% | View data |
| 2 | 2 Peru | 22.5 | 2023 | +4.15% | +4.06% | View data |
| 3 | 3 Australia | 6.56 | 2023 | +1.59% | +0.66% | View data |
| 4 | 4 Indonesia | 6.15 | 2023 | +1.69% | +0.69% | View data |
| 5 | 5 Brazil | 4.54 | 2023 | +3.79% | +3.91% | View data |
| 6 | 6 Canada | 4.39 | 2023 | +1.89% | +1.83% | View data |
| 7 | 7 Spain | 3.92 | 2023 | +4.62% | +4.69% | View data |
| 8 | 8 Mexico | 3.83 | 2023 | +4.46% | +3.09% | View data |
| 9 | 9 Mongolia | 3.14 | 2023 | +2.54% | +1.95% | View data |
| 10 | 10 United States | 2.74 | 2023 | +0.41% | +1.25% | View data |
