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810590 (Harmonized System 1992 for 6-digit)

2022
World Trade $851MRnk 2386 / 4648
2022
Top Exporter | Top Importer $230M | $160MUnited States | Singapore
2022
Product Complexity -0.49Rnk 3206 / 4653
2021 - 2022
Export Growth (CAGR) 12.4%Rnk 1381 / 4648
2022
Share of World Trade 0.0036%Rnk 2386 / 4648

About

Overview This page contains the latest trade data of Cobalt, articles thereof, nes. In 2022, Cobalt, articles thereof, nes were the world's 2386th most traded product, with a total trade of $851M. Between 2021 and 2022 the exports of Cobalt, articles thereof, nes grew by 12.4%, from $757M to $851M. Trade in Cobalt, articles thereof, nes represent 0.0036% of total world trade.

Cobalt, articles thereof, nes are a part of Cobalt.

Exports In 2022 the top exporters of Cobalt, articles thereof, nes  were United States ($230M), Democratic Republic of the Congo ($163M), Germany ($105M), United Kingdom ($97.5M), and Norway ($46.2M).

Imports In 2022 the top importers of Cobalt, articles thereof, nes were Singapore ($160M), China ($95.8M), United States ($57M), France ($53.2M), and Germany ($50.7M).

Ranking Cobalt, articles thereof, nes ranks 3206th in the Product Complexity Index (PCI).

Description Cobalt is used in the production of high-performance alloys and superalloys. Cobalt is also used in the production of glass and ceramic compounds, as well as in the production of graphite.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Cobalt, articles thereof, nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)United States$230M
Top Destination (2022)Singapore$160M

In 2022 Cobalt, articles thereof, nes were the world's 2386th most traded product (out of 4,648).

In 2022, the top exporters of Cobalt, articles thereof, nes were United States ($230M), Democratic Republic of the Congo ($163M), Germany ($105M), United Kingdom ($97.5M), and Norway ($46.2M).

In 2022, the top importers of Cobalt, articles thereof, nes were Singapore ($160M), China ($95.8M), United States ($57M), France ($53.2M), and Germany ($50.7M).

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Exporters of Cobalt, articles thereof, nes (2022)
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Importers of Cobalt, articles thereof, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$44.9M
Top Destination Growth (2021 -  2022)France$20.6M

Between 2021 and 2022, the exports of Cobalt, articles thereof, nes grew the fastest in United States ($44.9M), United Kingdom ($41.4M), South Africa ($9.11M), France ($7.55M), and Canada ($6.54M).

Between 2021 and 2022, the fastest growing importers of Cobalt, articles thereof, nes were France ($20.6M), United Arab Emirates ($19.9M), Singapore ($18.5M), United States ($17.6M), and India ($15.1M).

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Exporters of Cobalt, articles thereof, nes (2021 - 2022)

Importers of Cobalt, articles thereof, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cobalt, articles thereof, nes.

In 2022, market concentration measured using Shannon Entropy, was 3.46. This means that most of the exports of Cobalt, articles thereof, nes are explained by 11 countries.

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Value of Exports in Cobalt, articles thereof, nes

Net Trade

TOP NET EXPORTER (2022)United States$173M
TOP NET IMPORTER (2022)Singapore$157M

This map shows which countries export or import more of Cobalt, articles thereof, nes. Each country is colored based on the difference in exports and imports of Cobalt, articles thereof, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Cobalt, articles thereof, nes were United States ($173M), Democratic Republic of the Congo ($163M), United Kingdom ($61.6M), Germany ($53.8M), and Norway ($45.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Cobalt, articles thereof, nes were Singapore ($157M), China ($73.6M), India ($34.4M), Ireland ($27.4M), and Netherlands ($24.7M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Cobalt, articles thereof, nes.
It is possible to select the main countries that export or import Cobalt, articles thereof, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Cobalt, articles thereof, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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