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Export News
03-12-2024
In 2023, the global export value of bronze totaled US$517.5 million.
This figure marks a 39% increase in exports compared to 2019, when the total value of bronze exports was $372.2 million.
However, on a year-over-year basis, the value of bronze exports dropped by approximately 19.9% compared to $646.2 million in 2022.
Bronze, an alloy of copper and tin, may also include small amounts of other metals such as aluminum, zinc, lead, or silver, depending on its intended application. The alloy is widely used in industries requiring corrosion-resistant materials or in processes like galvanization, where it is used to coat steel or iron. Additionally, its durable and non-brittle nature makes it ideal for shipbuilding, machinery parts, coins, and sculptures.
Geographical Insights into Bronze Exports
By value, the top five bronze exporters in 2023 were Spain, Germany, Italy, Japan, and Indonesia, which together accounted for nearly two-thirds (63.6%) of global bronze exports.
Europe was the largest region for bronze exports, contributing $294.5 million (56.9%) of the global total. Asia followed with 30%, while North America accounted for 7%. Bronze exports from Latin America (excluding Mexico but including the Caribbean) represented 5.2%. Africa and Oceania (primarily New Zealand and Australia) accounted for smaller shares of 0.5% and 0.4%, respectively.
For classification purposes, the Harmonized Tariff System code prefix for unwrought bronze (also known as copper-tin base alloys) is 740322.
Top Bronze Exporting Countries in 2023
Below are the top 25 countries that exported the highest value of bronze during 2023:
1.Spain: $89.1 million (17.2% of total exports)
2.Germany: $80.6 million (15.6%)
3.Italy: $64.2 million (12.4%)
4.Japan: $59.8 million (11.5%)
5.Indonesia: $35.4 million (6.8%)
6.United States: $33.4 million (6.5%)
7.South Korea: $26.9 million (5.2%)
8.Portugal: $22.8 million (4.4%)
9.Brazil: $18.3 million (3.5%)
10.India: $14.3 million (2.8%)
11.Taiwan: $11.7 million (2.3%)
12.United Kingdom: $8.2 million (1.6%)
13.Netherlands: $7.9 million (1.5%)
14.France: $5.9 million (1.1%)
15.Ecuador: $4.3 million (0.8%)
16.Turkey: $3.3 million (0.6%)
17.Canada: $2.7 million (0.5%)
18.Greece: $2.3 million (0.4%)
19.New Zealand: $2.1 million (0.4%)
20.Belgium: $1.9 million (0.4%)
21.Russia: $1.7 million (0.3%)
22.Norway: $1.5 million (0.3%)
23.Nicaragua: $1.4 million (0.3%)
24.Sweden: $1.3 million (0.3%)
25.Poland: $1.2 million (0.2%)
Together, these 25 countries accounted for 96.1% of global bronze exports in 2023.
Among the fastest-growing bronze exporters since 2022 were Indonesia (up 188.8%), Norway (up 69.9%), United States (up 29.2%), and Nicaragua (up 28.2%).
On the other hand, countries experiencing declines in bronze exports included Belgium (down -60.3%), Sweden (down -49.9%), France (down -43.4%), Canada (down -38.5%), and India (down -37.5%).
Bronze Sales Companies in 2023
The following is a list of notable bronze producers, suppliers, and brokers engaged in international trade:
1.Ford Motor: $657.66 million (4500%)
2.Cá Nhân Tổ Chức Không Có Mã Số Thuế: $196.23 million (3100%)
3.Luxshare ICT Vietnam: $178.64 million (272400%)
4.Bách Khoa Transport Services Company: $152.99 million (81500%)
5.Imarket Vietnam: $75.34 million (3300%)
6.Casa De Moneda De Mexico: $43.71 million (6400%)
7.Fabricaciones Especializadas: $34.9 million (58600%)
8.Cutech Alloys Private Limited: $23.63 million (13800%)
9.Alfaro Sanchez Jorge: $21.75 million (15800%)
10.Uzbekistan Republic Academy of Sciences: $21.37 million (100%)
These companies represent major players in the global bronze trade, showcasing the widespread and diverse nature of the bronze export industry.
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