2023
Exports
$163MWorld Rnk 1 / 67
Flag Rnk 105 / 1207
2023
PRODUCT COMPLEXITY IN Cobalt Oxides and Hydroxides
-1.74Rnk 978 / 1025
2023
Imports
$12.8MWorld Rnk 14 / 118
Flag Rnk 561 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $163M in Cobalt Oxides and Hydroxides, making it the 1st largest exporter of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 105th most exported product in Finland. The main destination of Cobalt Oxides and Hydroxides exports from Finland are: Belgium ($71.5M), United States ($25M), Germany ($23M), Japan ($10.4M), and India ($7.17M).

The fastest growing export markets for Cobalt Oxides and Hydroxides of Finland between 2022 and 2023 were India ($6.03M), Turkey ($750k), and United Arab Emirates ($724k).

Imports In 2023, Finland imported $12.8M in Cobalt Oxides and Hydroxides, becoming the 14th largest importer of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 561st most imported product in Finland. Finland imports Cobalt Oxides and Hydroxides primarily from: Namibia ($9.41M), South Africa ($3.03M), Belgium ($314k), Japan ($13k), and Germany ($1.25k).

The fastest growing import markets in Cobalt Oxides and Hydroxides for Finland between 2022 and 2023 were Belgium ($311k) and Turkey ($45).

Latest Trends

Dec 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 (2023)$163M
IMPORTS (2023)$12.8M
NET TRADE (2023)$151M

In 2023, Finland exported $163M in Cobalt Oxides and Hydroxides. The main destinations of Finland exports on Cobalt Oxides and Hydroxides were Belgium ($71.5M), United States ($25M), Germany ($23M), Japan ($10.4M), and India ($7.17M).

In 2023, Finland imported $12.8M in Cobalt Oxides and Hydroxides, mainly from Namibia ($9.41M), South Africa ($3.03M), Belgium ($314k), Japan ($13k), and Germany ($1.25k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt Oxides and Hydroxides EXPORT MARKETS FOR Finland WERE (2022 - 2023):
India$6.03M (533%)
Turkey$750k (21.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Oxides and Hydroxides BY Finland WERE (2022 - 2023):
Belgium-$46.1M (-39.2%)
South Korea-$19.1M (-100%)
United States-$18M (-41.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Finland's main exporting competitors in Cobalt Oxides and Hydroxides were:
In 2023, 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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