Which Country Exports the Most Unrefined Copper and Copper Anodes in the World?

Basic Precious Metals May 28, 2018
Author: Anna Sergeeva
Market Analyst

Global copper exports stood at 532K tonnes in 2016, jumping by 6% against the previous year figure. In general, copper exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by 17% from the previous year level. Over the period under review, global copper exports reached its maximum volume of 537K tonnes in 2007; however, from 2008 to 2016, it failed to regain its strength.

In value terms, copper exports totaled $4.6B in 2016. Overall, copper exports continue to indicate a significant setback. Over the period under review, global copper exports attained its maximum level of $6.5B in 2007; however, from 2008 to 2016, it failed to regain its strength.

Top Copper Exporting Countries in the World

1. Bulgaria (731.9 million USD)

2. Peru (432.1 million USD)

3. Slovakia (234.7 million USD)

4. Spain (229.1 million USD)

5. Dominican Republic (194.7 million USD)

6. Belgium (118.8 million USD)

7. Namibia (109.9 million USD)

8. Armenia (65.4 million USD)

9. USA (45.1 million USD)

10. Portugal (17.5 million USD)

11. Japan (12.5 million USD)

Copper Exports By Country

Bulgaria (116K tonnes), and the Dominican Republic (103K tonnes) represented roughly 41% of total exports of copper in 2016. Japan (54K tonnes) took the second position in the ranking, followed by Peru (52K tonnes), Spain (46K tonnes), and Slovakia (45K tonnes). All these countries together occupied approx. 37% share of total exports. Namibia (23K tonnes), Belgium (22K tonnes), Armenia (12K tonnes), Portugal (11K tonnes), and the U.S. (10K tonnes) took the mild share of total exports.

From 2007 to 2016, the most notable growth rate of copper exports, among the main exporting countries, was attained by Portugal (+27.0% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest copper markets worldwide were Bulgaria ($732M), Peru ($432M) and Slovakia ($235M), together accounting for 31% of global exports. These countries were followed by Spain, the Dominican Republic, Belgium, Namibia, Armenia, the U.S., Portugal and Japan, which together accounted for a further 17%.

Portugal (+26.9% per year) had the highest rates of growth with regard to the copper exports, among the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Copper Export Prices By Country

The average copper export price stood at $8,562 per tonne in 2016, descending by -6.7% against the previous year. Overall, copper export price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2010, when it surged by 40% from the previous year level. Over the period under review, average copper export price reached its maximum level of $15 per kg in 2011; however, from 2012 to 2016, it failed to regain its strength.

There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was Peru ($8,360 per tonne), while Japan ($233 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of copper export prices was attained by the Dominican Republic (+2.3% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global copper market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • copper market share
  • copper prices
  • copper industry
  • copper sales
  • copper import
  • copper export
  • copper market forecast
  • copper price forecast
  • key copper producers

All data provided in this article covers the following product: HS Code 7402 - Copper; unrefined, copper anodes for electrolytic refining.

Source: World: Unrefined Copper And Copper Anodes For Electrolytic Refining - Market Report. Analysis and Forecast to 2025