The European Copper Trade Balance in 2023 shows varied positions among countries. Germany leads with nearly 1,000,000 metric tons but experienced a 4.38% decline. Notable growths were seen in Greece and Austria, with 12.55% and 13.16% rises respectively. Conversely, France records a deficit of 396,000 metric tons without year-on-year variation. Other significant trade deficits are seen in Poland and the Netherlands. In the surplus, small countries like Ireland and Switzerland saw fluctuations, with Ireland increasing by 14.29% and Switzerland decreasing by 11.01%.
Future trends to watch in the European Copper Trade Balance include technological advancement impacts, market demands, and geopolitical factors. Monitoring the shift towards sustainable energy may affect the trade dynamics, with potential growth in copper demand influencing trade deficits and surpluses. Industry adaptations to digital transformations and EU policy shifts could also drive significant future changes.
Top countries in Copper Trade Balance by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 998.12 | 2023 | -1.38% | -4.38% | View data |
| 2 | 2 Italy | 560.44 | 2023 | +0.46% | -1.18% | View data |
| 3 | 3 Spain | 375.1 | 2023 | -4.32% | -0.32% | View data |
| 4 | 4 Bulgaria | 267.44 | 2023 | -4.44% | View data | |
| 5 | 5 Finland | 235.65 | 2023 | -2.67% | +3.79% | View data |
| 6 | 6 Serbia | 152.75 | 2023 | +27.79% | View data | |
| 7 | 7 Sweden | 138.78 | 2023 | +6.09% | View data | |
| 8 | 8 Czech Republic | 104.25 | 2023 | +1.33% | +0.72% | View data |
| 9 | 9 Romania | 75.83 | 2023 | +3.77% | View data | |
| 10 | 10 Hungary | 67.72 | 2023 | +1.77% | +2.92% | View data |
