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COMMODITY ORIGINS · TRADE FLOWS

Who sells each commodity to whom?

Derived report snapshot · 2026-10-04 · Original report

The single largest tracked bilateral flow is Canada to United States in crude oil, $100.5B in 2024, 7.6% of world trade in that commodity. This report reads the same CEPII BACI data as the rest of the site's trade tables, but keeps each pair of countries rather than only each country's total, for the 96 commodities whose primary trade line BACI covers.

A "corridor" is one exporter-importer pair for a commodity's primary HS line (the same line the net trade and concentration reports use), in the latest year BACI reports, usually 2024. BACI reconciles what each pair of countries reported trading with each other, so a corridor's value can differ slightly from either country's own customs figure (see sources). A large corridor between a big producer and a big buyer is expected; a large corridor between two countries that neither produce nor obviously consume much of a commodity often marks a transit or refining hub, the same pattern the export dependency report flags for Switzerland and gold.

The biggest tracked flows, any commodity

Largest bilateral trade flows across all tracked commodities
CommodityFromToValueShare of that commodity's world trade
Crude oilCanadaUnited States$100.5B7.6%
Iron oreAustraliaChina$72.6B45%
Crude oilRussiaChina$62.6B4.7%
Crude oilRussiaIndia$52.7B4%
Crude oilSaudi ArabiaChina$47.9B3.6%
Crude oilMalaysiaChina$38.3B2.9%
GoldCanadaUnited Kingdom$34.5B5.9%
SoybeansBrazilChina$31.5B39%
GoldSwitzerlandChina$25.0B4.3%
CopperChileChina$20.9B20%
Iron oreBrazilChina$19.9B12%
GoldSwitzerlandIndia$19.5B3.3%
CoalAustraliaJapan$17.4B9.7%
Natural gasNorwayGermany$16.7B3.5%
Natural gasAustraliaJapan$16.6B3.5%
GoldUnited Arab EmiratesIndia$16.1B2.7%
GoldUnited Arab EmiratesHong Kong$15.8B2.7%
CopperPeruChina$15.4B15%
Natural gasAustraliaChina$15.4B3.2%
Natural gasUnited StatesChina$13.5B2.8%

One commodity at a time

Copper, 2024

$105.9B traded worldwide, across 851 exporter-importer pairs.

Who sells copper to whom, 2024Chile → China: $20.9B (19.8%)Peru → China: $15.4B (14.6%)Chile → Japan: $5.4B (5.1%)Mongolia → China: $3.3B (3.1%)Mexico → China: $3.3B (3.1%)Kazakhstan → China: $2.9B (2.7%)DR Congo (Democratic Republic of the Congo) → China: $2.5B (2.4%)Indonesia → China: $2.5B (2.3%)Indonesia → Japan: $2.2B (2.1%)Peru → Japan: $1.8B (1.7%)Australia → Japan: $1.6B (1.5%)United States → Mexico: $1.5B (1.4%)Russia → China: $1.5B (1.4%)Chile → South Korea: $1.4B (1.3%)Canada → China: $1.4B (1.3%)ChilePeruIndonesiaMongoliaMexicoKazakhstanDR Congo (Democratic Republic of the Congo)AustraliaUnited StatesRussiaCanadaChinaJapanMexicoSouth Korea
Largest bilateral flows for the selected commodity
FromToValueShare
ChileChina$20.9B20%
PeruChina$15.4B15%
ChileJapan$5.4B5.1%
MongoliaChina$3.3B3.1%
MexicoChina$3.3B3.1%
KazakhstanChina$2.9B2.7%
DR Congo (Democratic Republic of the Congo)China$2.5B2.4%
IndonesiaChina$2.5B2.3%
IndonesiaJapan$2.2B2.1%
PeruJapan$1.8B1.7%
AustraliaJapan$1.6B1.5%
United StatesMexico$1.5B1.4%
RussiaChina$1.5B1.4%
ChileSouth Korea$1.4B1.3%
CanadaChina$1.4B1.3%

Where each top exporter sends it

Where each top importer buys from

CEPII BACI, each commodity's primary HS line, latest year. Kept only for the primary line, so a commodity with meaningful secondary trade codes (see its own page) will show a narrower picture here than its full trade. All 96 commodities as JSON.

Source snapshot and downloads

Recreated from Commodity Origins' published derived reports under CC BY 4.0. Report figures retain the publisher's definitions, coverage and reporting years. Selection of underlying commodity rows in our commodity explorer is separate and may have different coverage. Source notes above identify the upstream data; no publisher endorsement is implied.

Snapshot retrieved 2026-10-05. New source vintages require review and republication.

More patterns

ConcentrationHow much of each commodity comes from one country?Producer or exporter?Is the biggest producer also the biggest seller abroad?Prices in real termsWhich prices are records once inflation is removed?Growth and declineWhose output is rising or falling fastest?Linked prices and seasonsWhich prices move together, and which have a season?Reserves and miningWhere are the deposits, and who digs them up?Supply concentrationWhich commodities depend on the fewest suppliers?Land or yield?Did output grow because farmers planted more or farmed better?Supply shocks and pricesWhen world output falls, do prices rise?Category price indicesHow have energy, metals and food prices moved since 1960?Drawdowns and volatilityHow far do prices fall, and do they recover?Stocks and pricesAre prices lower when the world holds more stock?Which prices follow oil?How closely does each commodity track crude oil?How reliable is the data?How much of world output rests on estimates?Net exporters and importersWho is a net seller and who a net buyer?Country leadersWhich countries lead across the most commodities?Export dependencyWhich countries rely on one commodity?Concentration over timeHas production spread out or narrowed?Import dependencyWhich countries buy most of a commodity from one supplier?Supplier shiftsWho gained and lost importers' business?Trade price against benchmarkDoes traded product sell above or below the benchmark price?Prices in other currenciesHow much of a price move is the dollar?Do prices lead each other?Does one commodity price move before another?Volatility over timeAre prices more volatile now than they used to be?SeasonalityWhich prices have a calendar-month pattern?Price ratiosWhat does one commodity buy of another, and is that high or low?El Niño and pricesDo El Niño and La Niña years move commodity prices?Who consumes itWhich countries consume each commodity, and how much per person?Self-sufficiencyWhich large markets depend on imports, and which produce far more than they use?