ProceduresGovernment

Copper Ores and Concentrates

Código 2603 (Harmonized System 2012 by 4 digits)

 2021: US$5.33B, Total Trade Exchange

2021: US$4.28B, International Sales

  2021: US$1.06B, International Purchases

In 2021, the trade exchange (includes international purchases and sales) of Copper Ores and Concentrates was US$5.33B.

In 2021, the states with the most international sales in Copper Ores and Concentrates were Sonora (US$1.14B) and Nuevo León (US$338k).

The states with the most international purchases in 2021 were Sonora (US$1.01B), Ciudad de México (US$44.4M), and Coahuila de Zaragoza (US$71).

In 2021, the main commercial destinations of Copper Ores and Concentrates were China (US$804M), Japan (US$226M), South Korea (US$63.1M), Taiwan (US$22M), and Spain (US$20.2M).

The main commercial origins of Copper Ores and Concentrates in 2021 were United States (US$959M), Chile (US$92.4M), Brazil (US$3.84M), Peru (US$1.87M), and Ecuador (US$489k).

In the global context, the main exporting countries of Copper Ores and Concentrates in 2020 were Chile (US$20.6B), Peru (US$9.39B), and Australia (US$3.63B). In the same year, the main importing countries of Copper Ores and Concentrates were China (US$34B), Japan (US$8.3B), and South Korea (US$4.23B).

Trade Balance of Mexico

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Net Trade Balance

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US$5.33B, Total Trade Exchange (2021)

In 2021, the total trade exchange of Copper Ores and Concentrates in Mexico (including international purchases and sales) was US$5.33B.

The visualizations show the net balance of Copper Ores and Concentrates at the level of states and countries. Colors more similar to blue, indicate that the territory presented a higher level of international sales. Colors more similar to red, indicate that the territory presented a higher level of international purchases.

Net International Trade

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August, 2022

  • US$86.8M, International Purchases
  • US$260M, International Sales

In August 2022, international sales of Copper Ores and Concentrates were US$260M, while international purchases reached US$86.8M. The above results in a trade balance of US$173M.

Market Concentration

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2022-Q3: US$646M, International Sales

The visualization shows the quarterly concentration of international sales of Copper Ores and Concentrates at state level.

In the third quarter of 2022, international sales were US$646M, being the states with the most sales Sonora (US$420M) and Ciudad de México (US$226M).

Exchange by Territory

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International Sales

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Sonora: US$1.14B, State with the Most International Sales (2021)

China: US$804M, Main commercial destination (2021)

In 2021, the states with the highest international sales in Copper Ores and Concentrates were Sonora (US$1.14B) and Nuevo León (US$338k).

In 2021, the countries with the most international purchases from Mexico were China (US$804M), Japan (US$226M), South Korea (US$63.1M), Taiwan (US$22M), and Spain (US$20.2M).

International Purchases

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Sonora: US$1.01B, State with the Most International Purchases (2021)

United States: US$959M, Main Commercial Origin (2021)

In 2021, the states with the highest international in Copper Ores and Concentrates were Sonora (US$1.01B), Ciudad de México (US$44.4M), and Coahuila de Zaragoza (US$71).

The countries with the most international sales to Mexico in 2021 were United States (US$959M), Chile (US$92.4M), Brazil (US$3.84M), Peru (US$1.87M), and Ecuador (US$489k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Copper Ores and Concentrates  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Copper Ores and Concentrates. On the other hand, high levels of complexity (ECI) are associated with higher levels of income, potential for economic growth, lower income inequality and lower emissions.

Origins and Trade Destinations

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  • 4.66%, Mexican share in global exports - 2020
  • 1.93%, Mexican share in global imports - 2020

The visualizations show the global market for Copper Ores and Concentrates. In both charts, Mexico stands out in order to identify its participation in the export and import market.

In 2020, the main exporting countries of Copper Ores and Concentrates were Chile (US$20.6B), Peru (US$9.39B), and Australia (US$3.63B). In the same year, the main importing countries for Copper Ores and Concentrates were China (US$34B), Japan (US$8.3B), and South Korea (US$4.23B).