Cobalt Oxides and Hydroxides in South Korea | The Observatory of Economic Complexity

About

Exports In 2018, South Korea exported $5.12M in Cobalt Oxides and Hydroxides, making it the 13th largest exporter of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 828th most exported product in South Korea. The main destination of Cobalt Oxides and Hydroxides exports from South Korea are: China ($3.38M), Vietnam ($518k), United States ($396k), Italy ($360k), and Thailand ($251k).

The fastest growing export markets for Cobalt Oxides and Hydroxides of South Korea between 2021 and 2022 were China ($2.98M), Vietnam ($404k), and Italy ($360k).

Imports In 2022, South Korea imported $247M in Cobalt Oxides and Hydroxides, becoming the 2nd largest importer of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 310th most imported product in South Korea. South Korea imports Cobalt Oxides and Hydroxides primarily from: China ($177M), Belgium ($40.6M), Finland ($19.1M), Democratic Republic of the Congo ($8.01M), and Chinese Taipei ($1.28M).

The fastest growing import markets in Cobalt Oxides and Hydroxides for South Korea between 2021 and 2022 were China ($21.6M), Chinese Taipei ($1.13M), and Singapore ($467k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Cobalt Oxides and Hydroxides exports accounted up to $128k and imports accounted up to $7.3M, resulting in a negative trade balance of $7.17M. Between July 2023 and July 2024 the exports of South Korea's Cobalt Oxides and Hydroxides have increased by $42k (48.8%) from $86k to $128k, while imports decreased by $-2.02M (-21.6%) from $9.32M to $7.3M.

Destinations In July 2024, Cobalt Oxides and Hydroxides were exported mostly to Vietnam ($108k), Thailand ($15k), China ($5k), Democratic Republic of the Congo ($0), and India ($0), and were imported mostly from China ($6.81M), Belgium ($310k), Finland ($180k), United States ($4k), and Democratic Republic of the Congo ($0).

Growth In July 2024, the increase in Cobalt Oxides and Hydroxides's year-by-year exports was explained primarily by an increase in exports to China ($214k or 122%). In July 2024, the decrease in Cobalt Oxides and Hydroxides's year-by-year imports was explained primarily by a decrease in imports from China ($-20.3M or -71.5%), Japan ($-11k or -100%), and United States ($-2k or -66.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$42k(48.8%)

IMPORT GROWTH (July 2023 - July 2024)$-2.02M(-21.6%)

MAIN DESTINATION (July 2024)Vietnam$108k

This section shows Cobalt Oxides and Hydroxides's exports and imports data at subnational level for South Korea. 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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