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2022
Exports $5.57MWorld Rnk 3 / 56
Flag Rnk 631 / 1213
2022
Destination $5.52M Spain
2021 - 2022
FASTEST GROWING MARKET $5.52MSpain
2022
Imports $184kWorld Rnk 13 / 66
Flag Rnk 1126 / 1213
2022
Origin $19.2k South Korea
2021 - 2022
FASTEST GROWING ORIGIN $19.2kSouth Korea
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $5.57M in Cobalt Ore, making it the 3rd largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 631st most exported product in South Africa. The main destination of Cobalt Ore exports from South Africa are: Spain ($5.52M), Democratic Republic of the Congo ($49.4k), Argentina ($2.34k), China ($892), and Lesotho ($175).

The fastest growing export markets for Cobalt Ore of South Africa between 2021 and 2022 were Spain ($5.52M), Democratic Republic of the Congo ($48.8k), and Argentina ($2.34k).

Imports In 2022, South Africa imported $184k in Cobalt Ore, becoming the 13th largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1126th most imported product in South Africa. South Africa imports Cobalt Ore primarily from: South Korea ($160k), Spain ($10.7k), United States ($9.24k), United Kingdom ($3.8k), and Zambia ($91).

The fastest growing import markets in Cobalt Ore for South Africa between 2021 and 2022 were South Korea ($19.2k), Spain ($10.7k), and United States ($9.24k).

Latest Trends

September 2024

About

Overview In September 2024 South Africa's Cobalt Ore exports accounted up to ZAR4.9k and imports accounted up to ZAR1.33M, resulting in a negative trade balance of ZAR1.33M. Between May 2022 and September 2024 the exports of South Africa's   Cobalt Ore have decreased by ZAR-480 (-8.93%) from ZAR5.38k to ZAR4.9k, while imports increased by ZAR736k (124%) from ZAR596k to ZAR1.33M.

Destinations In September 2024, Cobalt Ore were exported mostly to Zambia (ZAR4.72k) and Sweden (ZAR175), and were imported mostly from .

Growth In September 2024, the decrease in Cobalt Ore's year-by-year exports was explained primarily by a decrease in exports to Democratic Republic of the Congo (ZAR-4.11k or -65.8%). In July 2024, the increase in Cobalt Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2022 - September 2024)ZAR-480(-8.93%)
IMPORT GROWTH (May 2022 - July 2024)ZAR736k(124%)
MAIN EXPORTER (September 2024)O.r. Tambo Int AirportZAR4.72k
MAIN DESTINATION (September 2024)ZambiaZAR4.72k

This section shows Cobalt Ore's exports and imports data at subnational level for South Africa. 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)$5.57M
IMPORTS (2022)$184k
NET TRADE (2022)$5.39M

In 2022, South Africa exported $5.57M in Cobalt Ore. The main destinations of South Africa exports on Cobalt Ore were Spain ($5.52M), Democratic Republic of the Congo ($49.4k), Argentina ($2.34k), China ($892), and Lesotho ($175).

In 2022, South Africa imported $184k in Cobalt Ore, mainly from South Korea ($160k), Spain ($10.7k), United States ($9.24k), United Kingdom ($3.8k), and Zambia ($91).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Spain$5.52M (1%)
Democratic Republic of the Congo$48.8k (8.24k%)
Argentina$2.34k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Ore BY South Africa WERE (2021 - 2022):
China-$256k (-99.7%)
Netherlands-$73 (-36.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Cobalt Ore were:
Democratic Republic of the Congo $175M
Austria $16M
In 2022, South Africa'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 POTENTIALChina+ $11.1k
TOP IMPORT POTENTIALUnited Kingdom+ $1.57k

Cobalt Ore’s highest export potential is China. With an export gap of $11.1k.   Cobalt Ore’s highest import potential is United Kingdom with an import gap of $1.57k.

See methodology.

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