Cobalt in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $254M in Cobalt, making it the 6th largest exporter of Cobalt in the world. At the same year, Cobalt was the 712th most exported product in China. The main destination of Cobalt exports from China are: Netherlands ($59.3M), Chinese Taipei ($37.1M), Japan ($32.6M), United States ($23.8M), and South Korea ($20.9M).

The fastest growing export markets for Cobalt of China between 2021 and 2022 were Netherlands ($34.6M), United States ($16.9M), and Japan ($13M).

Imports In 2022, China imported $6.07B in Cobalt, becoming the 1st largest importer of Cobalt in the world. At the same year, Cobalt was the 57th most imported product in China. China imports Cobalt primarily from: Democratic Republic of the Congo ($5.74B), United States ($75.1M), Canada ($72.3M), Australia ($47.8M), and Malaysia ($18.4M).

The fastest growing import markets in Cobalt for China between 2021 and 2022 were Democratic Republic of the Congo ($1.34B), Madagascar ($13.8M), and Singapore ($12.8M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Cobalt from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Cobalt exports accounted up to $11.3M and imports accounted up to $229M, resulting in a negative trade balance of $218M. Between February 2023 and February 2024 the exports of China's Cobalt have decreased by $-2.46M (-17.8%) from $13.8M to $11.3M, while imports increased by $8.78M (3.98%) from $221M to $229M.

Destinations In February 2024, Cobalt were exported mostly to Netherlands ($4.06M), Japan ($2.09M), Australia ($1.47M), South Korea ($1.02M), and India ($823k), and were imported mostly from Democratic Republic of the Congo ($215M), Russia ($3.23M), Japan ($3M), Canada ($2.59M), and United States ($2.57M).

Growth In February 2024, the decrease in Cobalt's year-by-year exports was explained primarily by a decrease in exports to Taiwan ($-936k or -99.6%), Australia ($-784k or -58.9%), and South Korea ($-617k or -40.1%). In February 2024, the increase in Cobalt's year-by-year imports was explained primarily by an increase in imports from Russia ($11.2M or 390%), United States ($1.34M or 26.5%), and United Kingdom ($1.1M or 219%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-2.46M(-17.8%)

IMPORT GROWTH (February 2023 - February 2024)$8.78M(3.98%)

MAIN EXPORTER (February 2024)Shanghai Province$16.9M

MAIN DESTINATION (February 2024)Netherlands$4.06M

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

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$254M

IMPORTS (2022)$6.07B

NET TRADE (2022)-$5.82B

In 2022, China exported $254M in Cobalt. The main destinations of China exports on Cobalt were Netherlands ($59.3M), Chinese Taipei ($37.1M), Japan ($32.6M), United States ($23.8M), and South Korea ($20.9M).

In 2022, China imported $6.07B in Cobalt, mainly from Democratic Republic of the Congo ($5.74B), United States ($75.1M), Canada ($72.3M), Australia ($47.8M), and Malaysia ($18.4M).

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