Overview In July 2024 China's Cobalt: mattes and other intermediate products of cobalt metallurgy, unwrought cobalt, powders exports accounted up to $20.7M and imports accounted up to $241M, resulting in a negative trade balance of $220M. Between July 2023 and July 2024 the exports of China's Cobalt: mattes and other intermediate products of cobalt metallurgy, unwrought cobalt, powders have increased by $8.81M (74.3%) from $11.9M to $20.7M, while imports increased by $98.6M (69.2%) from $143M to $241M.
Destinations In July 2024, Cobalt: mattes and other intermediate products of cobalt metallurgy, unwrought cobalt, powders were exported mostly to Netherlands ($13.2M), United States ($1.95M), South Korea ($1.7M), Russia ($886k), and Japan ($872k), and were imported mostly from Democratic Republic of the Congo ($233M), Indonesia ($3.72M), Canada ($2.09M), Japan ($1.28M), and Finland ($487k).
Growth In July 2024, the increase in Cobalt: mattes and other intermediate products of cobalt metallurgy, unwrought cobalt, powders's year-by-year exports was explained primarily by an increase in exports to Netherlands ($4.56M or 258%), Russia ($3.12M or 15.9k%), and India ($719k or 334%). In July 2024, the increase in Cobalt: mattes and other intermediate products of cobalt metallurgy, unwrought cobalt, powders's year-by-year imports was explained primarily by an increase in imports from Russia ($11.2M or 388%), Japan ($844k or 57.9%), and United States ($463k or 349%).