The European copper trade balance share in 2023 shows Germany as the leader with 44.51 thousand metric tons, despite a 4.38% year-on-year decrease. Italy and Spain follow with values of 24.99 and 16.73 thousand metric tons, respectively. Bulgaria, Finland, and Serbia demonstrated stability or moderate growth in 2023. Notable changes include a substantial increase of 13.16% in Austria and 12.55% in Greece, while Switzerland experienced an 11.01% decline. Other countries showed minimal or no changes in value.
Looking ahead to future trends, it is essential to monitor the impacts of industrial developments and environmental regulations as they could significantly influence Europe’s copper trade balance. Key watch areas include the potential fluctuations in Germany’s production capacity, Italy's adaptation to geopolitical factors, the introduction of greener technologies across Europe, and potential new entrants into the market, which could reconfigure existing balances.
Top countries in Copper Trade Balance Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44.51 | 2023 | -1.38% | -4.38% | View data |
| 2 | 2 Italy | 24.99 | 2023 | +0.46% | -1.18% | View data |
| 3 | 3 Spain | 16.73 | 2023 | -4.32% | -0.32% | View data |
| 4 | 4 Bulgaria | 11.93 | 2023 | -4.44% | View data | |
| 5 | 5 Finland | 10.51 | 2023 | -2.67% | +3.79% | View data |
| 6 | 6 Serbia | 6.81 | 2023 | +27.79% | View data | |
| 7 | 7 Sweden | 6.19 | 2023 | +6.09% | View data | |
| 8 | 8 Czech Republic | 4.65 | 2023 | +1.33% | +0.72% | View data |
| 9 | 9 Romania | 3.38 | 2023 | +3.77% | View data | |
| 10 | 10 Hungary | 3.02 | 2023 | +1.77% | +2.92% | View data |