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2022
Exports $91.4kWorld Rnk 16 / 56
Flag Rnk 1151 / 1210
2022
Destination $60.7k Malaysia
2021 - 2022
FASTEST GROWING MARKET $60.7kMalaysia
2022
Imports $56World Rnk 53 / 66
Flag Rnk 1213 / 1213
2022
Origin $45 China
2021 - 2022
FASTEST GROWING ORIGIN $45China
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $91.4k in Cobalt Ore, making it the 16th largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1151st most exported product in Canada. The main destination of Cobalt Ore exports from Canada are: Malaysia ($60.7k), United States ($28.7k), and United Kingdom ($2.09k).

The fastest growing export markets for Cobalt Ore of Canada between 2021 and 2022 were Malaysia ($60.7k), United States ($28.7k), and United Kingdom ($2.09k).

Imports In 2022, Canada imported $56 in Cobalt Ore, becoming the 53rd largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1213th most imported product in Canada. Canada imports Cobalt Ore primarily from: China ($45) and Finland ($11).

The fastest growing import markets in Cobalt Ore for Canada between N/A and 2022 were China ($45) and Finland ($11).

Latest Trends

January 2024

About

Overview In January 2024 Canada's Cobalt Ore exports accounted up to C$17.9k and imports accounted up to C$144k, resulting in a negative trade balance of C$126k. Between September 2014 and January 2024 the exports of Canada's   Cobalt Ore have decreased by C$-2.3M (-99.2%) from C$2.32M to C$17.9k, while imports decreased by C$-1.21M (-89.4%) from C$1.36M to C$144k.

Destinations In January 2024, Cobalt Ore were exported mostly to , and were imported mostly from .

Growth In January 2024, the decrease in Cobalt Ore's year-by-year exports was explained primarily by a decrease in exports to . In August 2004, the decrease in Cobalt Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2014 - January 2024)C$-2.3M(-99.2%)
IMPORT GROWTH (January 2003 - August 2004)C$-1.21M(-89.4%)
MAIN EXPORTER (January 2024)ManitobaC$17.9k
MAIN DESTINATION (January 2024)

This section shows Cobalt Ore's exports and imports data at subnational level for Canada. 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 Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$91.4k
IMPORTS (2022)$56
NET TRADE (2022)$91.4k

In 2022, Canada exported $91.4k in Cobalt Ore. The main destinations of Canada exports on Cobalt Ore were Malaysia ($60.7k), United States ($28.7k), and United Kingdom ($2.09k).

In 2022, Canada imported $56 in Cobalt Ore, mainly from China ($45) and Finland ($11).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Malaysia$60.7k (1%)
United States$28.7k (1%)
United Kingdom$2.09k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Ore BY Canada WERE (2021 - 2022):Turkey-$11 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Cobalt Ore were:
Democratic Republic of the Congo $175M
Austria $16M
South Africa $5.57M
In 2022, Canada's main importing competitors in Cobalt Ore were:
China $134M
Morocco $25.5M
Finland $16.2M

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Trade Value of Cobalt Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.1k
TOP IMPORT POTENTIALDemocratic Republic of the Congo+ $455

Cobalt Ore’s highest export potential is United States. With an export gap of $15.1k.   Cobalt Ore’s highest import potential is Democratic Republic of the Congo with an import gap of $455.

See methodology.

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