India’s copper imports were largely stable with a slight rise of 1% m-o-m in November, 2022 at 186,665 t from 185,264 t in October, 2022. Imports had been recorded at 211,974 t in November 2021. Therefore, imports fell by 12% y-o-y in November 2022, as per SteelMint’s data.
Sub-commodity wise imports
Copper ore/concentrate imports were down at 82,418 t in November, down by 24% from 109,099 t in October.
Imports of semi-finished products rose sharply by 77% to 56,757 t in November from 32,129 t in October.
Copper scrap imports saw a marginal rise of 3% m-o-m in November to 25,918 t from 25,047 t in October.
Finished product shipments were up by 14% m-o-m in November at 21,572 t from 18,988 t in October.
Country-wise imports
- Exports from Chile up m-o-m: Export volumes from Chile stood at 62,057 t in November, sharply up by 56% m-o-m from 39,749 t in the previous month. Similarly, export volumes decreased by 39% y-o-y from 102,160 t in November 2021.
- Exports from Japan rise m-o-m: India’s import volumes were at 42,117 t in November as against 11,317 t in the previous month, a drastic increase of 272% m-o-m. However, shipments largely increased by 227% y-o-y.
- Exports from Peru up m-o-m: Exports from Peru to India resumed in November 2022 at 10,004 t. Volumes fell by 53% y-o-y from 21,316 t in November 2021.
India’s copper exports overview
India’s copper exports drastically fell by 60% m-o-m in November 2022 at 10,200 t from 25,684 t in October. Exports had been recorded at 13,286 t in November 2021. Exports fell by 23% y-o-y in November 2022.
Sub-commodity wise exports
Copper ore/concentrate exports were largely down by 100% at 52 t in November from 16,712 t in October.
In contrast, exports of semi-finished products rose sharply by 55% to 4,976 t in November from 3,217 t in October.
Copper scrap exports saw a rise of 106% m-o-m in November at 1,160 t from 563 t in October.
Finished product shipments were down by 23% m-o-m in November at 4,012 t from 5,192 t in October.
Country-wise exports
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- Exports to China fall m-o-m: Export volumes stood at 5,522 t in November, sharply down by 72% m-o-m from 19,986 t in the previous month. Similarly, export volumes decreased by 39% y-o-y from 9,014 t in November 2021.
- Exports to the US down m-o-m: India’s export volumes fell to 712 t in November as against 856 t in the previous month, a decrease of 17% m-o-m. However, shipments were largely stable y-o-y.
- Exports to the UAE decrease m-o-m: Exports from India to the UAE were down by 2% m-o-m at 347 t in November from 355 t in October. Volumes rose by 88% y-o-y from 185 t in November, 2021.
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