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2022
Exports $1.81MWorld Rnk 17 / 61
Flag Rnk 1161 / 1217
2022
Destination $452k Germany
2021 - 2022
FASTEST GROWING MARKET $452kGermany
2022
PRODUCT COMPLEXITY IN Cobalt Oxides and Hydroxides-1.68Rnk 970 / 1025
2022
Imports $116MWorld Rnk 8 / 119
Flag Rnk 858 / 1216
2022
Origin $17.6M Finland
2021 - 2022
FASTEST GROWING ORIGIN $17.6MFinland
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.81M in Cobalt Oxides and Hydroxides, making it the 17th largest exporter of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 1161st most exported product in United States. The main destination of Cobalt Oxides and Hydroxides exports from United States are: Germany ($485k), China ($339k), Netherlands ($271k), Canada ($243k), and Mexico ($126k).

The fastest growing export markets for Cobalt Oxides and Hydroxides of United States between 2021 and 2022 were Germany ($452k), Netherlands ($269k), and China ($178k).

Imports In 2022, United States imported $116M in Cobalt Oxides and Hydroxides, becoming the 8th largest importer of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 858th most imported product in United States. United States imports Cobalt Oxides and Hydroxides primarily from: Finland ($43M), United Kingdom ($30.5M), Belgium ($27.7M), Netherlands ($6.92M), and Chinese Taipei ($5.13M).

The fastest growing import markets in Cobalt Oxides and Hydroxides for United States between 2021 and 2022 were Finland ($17.6M), Belgium ($2.33M), and Netherlands ($793k).

Latest Trends

August 2024

About

Overview In August 2024 United States' Cobalt Oxides and Hydroxides exports accounted up to $15.6k and imports accounted up to $2.41M, resulting in a negative trade balance of $2.4M. Between August 2023 and August 2024 the exports of United States'   Cobalt Oxides and Hydroxides have increased by $3.37k (27.5%) from $12.3k to $15.6k, while imports decreased by $-274k (-10.2%) from $2.69M to $2.41M.

Destinations In August 2024, Cobalt Oxides and Hydroxides were exported mostly to Brazil ($7.98k), Mexico ($4.29k), China ($3.37k), Hong Kong ($0), and Japan ($0), and were imported mostly from Finland ($908k), United Kingdom ($849k), Belgium ($446k), China ($211k), and Hong Kong ($0).

Growth In August 2024, the increase in Cobalt Oxides and Hydroxides's year-by-year exports was explained primarily by an increase in exports to Mexico ($26.7k or 990%). In August 2024, the decrease in Cobalt Oxides and Hydroxides's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-57.5k or -4.87%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$3.37k(27.5%)
IMPORT GROWTH (August 2023 - August 2024)$-274k(-10.2%)
MAIN EXPORTER (August 2024)Texas$534k
MAIN DESTINATION (August 2024)Brazil$7.98k

This section shows Cobalt Oxides and Hydroxides's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cobalt Oxides and Hydroxides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.81M
IMPORTS (2022)$116M
NET TRADE (2022)-$114M

In 2022, United States exported $1.81M in Cobalt Oxides and Hydroxides. The main destinations of United States exports on Cobalt Oxides and Hydroxides were Germany ($485k), China ($339k), Netherlands ($271k), Canada ($243k), and Mexico ($126k).

In 2022, United States imported $116M in Cobalt Oxides and Hydroxides, mainly from Finland ($43M), United Kingdom ($30.5M), Belgium ($27.7M), Netherlands ($6.92M), and Chinese Taipei ($5.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Oxides and Hydroxides EXPORT MARKETS FOR United States WERE (2021 - 2022):
Germany$452k (1.39k%)
Netherlands$269k (10.7k%)
China$178k (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Oxides and Hydroxides BY United States WERE (2021 - 2022):
Canada-$1.4M (-85.2%)
Indonesia-$437k (-100%)
Norway-$377k (-99.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, United States's main exporting competitors in Cobalt Oxides and Hydroxides were:
Democratic Republic of the Congo $899M
China $283M
Finland $274M
In 2022, United States's main importing competitors in Cobalt Oxides and Hydroxides were:
Zambia $250M
South Korea $247M
Finland $158M

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Trade Value of Cobalt Oxides and Hydroxides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $181k
TOP IMPORT POTENTIALChina+ $2.24M

Cobalt Oxides and Hydroxides’s highest export potential is China. With an export gap of $181k.   Cobalt Oxides and Hydroxides’s highest import potential is China with an import gap of $2.24M.

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