2022
Exports
$274MWorld Rnk 3 / 61
Flag Rnk 76 / 1205
2022
PRODUCT COMPLEXITY IN Cobalt Oxides and Hydroxides
-1.68Rnk 970 / 1025
2022
Imports
$158MWorld Rnk 3 / 119
Flag Rnk 120 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $274M in Cobalt Oxides and Hydroxides, making it the 3rd largest exporter of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 76th most exported product in Finland. The main destination of Cobalt Oxides and Hydroxides exports from Finland are: Belgium ($118M), United States ($43M), Germany ($33.6M), South Korea ($19.1M), and Japan ($19M).

The fastest growing export markets for Cobalt Oxides and Hydroxides of Finland between 2021 and 2022 were Belgium ($17.7M), United States ($17.6M), and Japan ($13.4M).

Imports In 2022, Finland imported $158M in Cobalt Oxides and Hydroxides, becoming the 3rd largest importer of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 120th most imported product in Finland. Finland imports Cobalt Oxides and Hydroxides primarily from: Namibia ($108M), South Africa ($50.5M), Japan ($181k), Germany ($3.3k), and Belgium ($2.98k).

The fastest growing import markets in Cobalt Oxides and Hydroxides for Finland between 2021 and 2022 were Namibia ($54.5M), South Africa ($50.5M), and Japan ($108k).

Latest Trends

May 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Cobalt Oxides and Hydroxides. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$274M
IMPORTS (2022)$158M
NET TRADE (2022)$116M

In 2022, Finland exported $274M in Cobalt Oxides and Hydroxides. The main destinations of Finland exports on Cobalt Oxides and Hydroxides were Belgium ($118M), United States ($43M), Germany ($33.6M), South Korea ($19.1M), and Japan ($19M).

In 2022, Finland imported $158M in Cobalt Oxides and Hydroxides, mainly from Namibia ($108M), South Africa ($50.5M), Japan ($181k), Germany ($3.3k), and Belgium ($2.98k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Oxides and Hydroxides EXPORT MARKETS FOR Finland WERE (2021 - 2022):
Belgium$17.7M (17.7%)
United States$17.6M (69.3%)
Japan$13.4M (238%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Oxides and Hydroxides BY Finland WERE (2021 - 2022):
South Korea-$9.89M (-34.1%)
Spain-$2.95M (-26.2%)
Italy-$1.95M (-31.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Cobalt Oxides and Hydroxides were:
In 2022, Finland's main importing competitors in Cobalt Oxides and Hydroxides were:

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Trade Value of Cobalt Oxides and Hydroxides by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $1.53M
TOP IMPORT POTENTIALJapan+ $44.6k

Cobalt Oxides and Hydroxides’s highest export potential is China. With an export gap of $1.53M.   Cobalt Oxides and Hydroxides’s highest import potential is Japan with an import gap of $44.6k.

See methodology.

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