Copper Ore in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $3.52B in Copper Ore, making it the 5th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 23rd most exported product in Canada. The main destination of Copper Ore exports from Canada are: China ($1.07B), Japan ($1.03B), South Korea ($775M), United States ($125M), and Germany ($124M).

The fastest growing export markets for Copper Ore of Canada between 2021 and 2022 were South Korea ($40.2M), Mexico ($40M), and United States ($26M).

Imports In 2022, Canada imported $896M in Copper Ore, becoming the 13th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 136th most imported product in Canada. Canada imports Copper Ore primarily from: United States ($515M), Panama ($136M), Peru ($127M), Mexico ($98.9M), and Turkey ($10.3M).

The fastest growing import markets in Copper Ore for Canada between 2021 and 2022 were Peru ($114M), Panama ($88.4M), and Mexico ($42.3M).

Latest Trends

February 2024

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Overview In February 2024 Canada's Copper Ore exports accounted up to C$281M and imports accounted up to C$157M, resulting in a positive trade balance of C$125M. Between February 2023 and February 2024 the exports of Canada's Copper Ore have increased by C$24.4M (9.5%) from C$257M to C$281M, while imports increased by C$67.1M (75%) from C$89.4M to C$157M.

Destinations In February 2024, Copper Ore were exported mostly to Japan (C$171M), China (C$81M), South Korea (C$27.1M), India (C$1.66M), and Germany (C$265k), and were imported mostly from Brazil (C$79.7M), United States (C$49.3M), Peru (C$27M), Germany (C$530k), and Australia (C$9.72k).

Growth In February 2024, the increase in Copper Ore's year-by-year exports was explained primarily by an increase in exports to Japan (C$81.4M or 107%), China (C$5.31M or 6.83%), and Chinese Taipei (C$266k or 48.5%). In February 2024, the increase in Copper Ore's year-by-year imports was explained primarily by an increase in imports from China (C$97 or 2.43k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$24.4M(9.5%)

IMPORT GROWTH (February 2023 - February 2024)C$67.1M(75%)

MAIN EXPORTER (February 2024)British ColumbiaC$350M

MAIN DESTINATION (February 2024)JapanC$171M

This section shows Copper Ore's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Copper Ore over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.52B

IMPORTS (2022)$896M

NET TRADE (2022)$2.62B

In 2022, Canada exported $3.52B in Copper Ore. The main destinations of Canada exports on Copper Ore were China ($1.07B), Japan ($1.03B), South Korea ($775M), United States ($125M), and Germany ($124M).

In 2022, Canada imported $896M in Copper Ore, mainly from United States ($515M), Panama ($136M), Peru ($127M), Mexico ($98.9M), and Turkey ($10.3M).

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