Pakistan's copper exports to China reached $1 Billion in 2023

 

Pakistan's copper exports to China reached $1 Billion in 2023
Pakistan’s copper industry is underutilised. Last year, Pakistan’s copper exports saw significant growth. According to Pakistan import export data reports, the country’s overall refined copper exports to China reached $1 billion during the financial year 2023. China alone was responsible for over 99% share in Pakistan’s overall copper exports.

Whereas, the United Arab Emirates was the second leading importer of refined copper from Pakistan. The UAE was responsible for over $999 thousand worth of copper imports from Pakistan. Slovenia, Taiwan, Saudi Arabia, Canada, Iraq and Uzbekistan were the fastest growing markets for Pakistan's refined copper exports.


Cannon Metal Works and AK Brothers Metal from Pakistan were the leading refined copper export companies from Pakistan. As per Pakistan export data, these companies contributed to over 19% share in the country's overall copper exports. Brother Metal Traders, Babar Brothers and Ocean Metals were some other prominent export companies from Pakistan.


Qas Metals, Foshan Ruishan Import, Jintian Copper Group, and Sansing Limited were the top copper import companies from China responsible for the maximum amount of import shipments from Pakistan. China has played a crucial role in reviving Pakistan's copper industry. Compared to the previous year, China's imports were up by 9%. 


Chinese companies have made a significant amount of investment to boost copper manufacturing in pakistan. This enabled Pakistan to produce high quality, durable and value added copper products.  Pakistani exporters are likely to approach Metallurgical Corporation of China (MCC), the leading copper manufacturing company from China which was active during 1995.


Whereas, Pakistan import data reflects that around $306 million worth of imports of copper and its articles were made to Pakistan during fiscal year 2023. During May 2023, the highest amount of copper import shipments made by Pakistan was around $40 million with over 13% share. Pakistan's majority of the copper import shipments came from the United States and China.


As per Pakistan customs data reports, the US was responsible for $105 million worth of imports whereas China exported over $85 million worth of copper articles. Zambia was the third biggest copper supplier to Pakistan contributing to over 10% share. Some of the fastest growing markets for Pakistan’s copper imports were the United Arab Emirates, United Kingdom, Belgium, Vietnam and Malaysia.


Among Pakistani importers, Mughal iron and steel industries were the top copper buyers during 2023 contributing to over 18% share of Pakistan's copper imports. Brother Metal Works, HNR Company and Pakistan Cables were other significant import companies from Pakistan. 


SSR International from the USA, Shanghai Hailiang Copper from China and Glencore International from Zambia were the leading copper export companies to Pakistan during last year. With Pakistan’s copper exports increasing at an express rate, it's the best time to fetch this opportunity with both hands.


Through the trade reports offered by the global import export data provider, Pakistani companies can analyze the opportunities in the international copper trade market. They can identify top copper importing countries, top copper suppliers, copper buyers, pricing, quantity, ports volume and competitors. All these insights will help you make better business decisions, get quality leads and increase their ROI. A data based approach is the best economical way to get quality leads.

Comments

Post a Comment

Popular posts from this blog

India import export data of Indian truck manufacturers

Image
Based on the latest India import export data ,  the Indian truck market reached $16.8 Billion US Dollars in the last fiscal year.  We all know the importance of trucks. They are basically the backbone of the Indian transportation sector. Trucks are used to loading and unload heavy items from one place to another.  Companies are manufacturing trucks in different sizes just to load-unload different types of products such as food items, liquids, fruits, vegetables, and other products.  In this blog, we will give you the India import-export data of Indian truck manufacturers. Additionally, we give you the top 5 key players manufacturing trucks in the Indian market.  Top 5 key players in the Indian manufacturers' market Trucks become an essential part of the agriculture, commercial, and transportation sectors. Many of you want to know which company is providing the best quality trucks so your wait is over.  We came up with a list of the top 5 Indian truck manufa...
Read more

Sri Lanka likely to import Ethanol from India

Image
  Sri Lanka is likely to import ethanol from India. Sri Lanka has shown immense interest in importing mixed petrol and diesel from India to support its domestic market. Sri Lanka import export data shows that Sri Lanka was the 7th leading importer of ethanol from India having over $803 dollars worth of imports.  Whereas, during FY 2021, the ethanol imports of Sri Lanka from India were estimated to be around $1624. Now, Sri Lanka has shown immense interest in buying ethanol from India.Over the years, Sri Lanka ethanol imports have declined significantly. In FY 2022, the ethanol imports by Sri Lanka fell to 92%. The imports were high during 2017 but afterwards ethanol imports of Sri Lanka have declined consecutively. Sri Lanka import data shows that  France, UK and Pakistan were the top ethanol sources to Sri Lanka. Together these contributed to over 90% of Sri Lanka’s overall ethanol imports. In the past year, France was responsible for over 14% increase in ethanol expor...
Read more

Rice Export from Pakistan: An Overview for 2023-24

  In the fiscal year  2023-24, Pakistan's rice export sector is poised for significant developments, driven by both domestic production and global demand. As one of the world's leading rice producers, Pakistan plays a crucial role in the international rice market.  This blog explores the latest statistics and trends in Pakistan export data , highlighting the importance of global import export data provider services, which facilitate a deeper understanding of the dynamics at play. Current Statistics As of the latest reports, Pakistan's rice exports in 2023-24 are projected to reach approximately 4 million tons. This marks a slight increase from the previous year's exports, which stood at around 3.8 million tons. The rise in export volume can be attributed to favorable weather conditions, improved farming techniques, and increased global demand for high-quality basmati rice. According to Pakistan shipment data , the revenue generated from rice exports is expected to exc...
Read more