Cobalt in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $4.53M in Cobalt, making it the 37th largest exporter of Cobalt in the world. At the same year, Cobalt was the 716th most exported product in Brazil. The main destination of Cobalt exports from Brazil are: Netherlands ($2.75M), Belgium ($1.08M), United States ($561k), United Kingdom ($31k), and Colombia ($21k).

The fastest growing export markets for Cobalt of Brazil between 2021 and 2022 were Netherlands ($2.75M), Belgium ($1.07M), and United Kingdom ($17.8k).

Imports In 2022, Brazil imported $59.1M in Cobalt, becoming the 17th largest importer of Cobalt in the world. At the same year, Cobalt was the 421st most imported product in Brazil. Brazil imports Cobalt primarily from: Belgium ($14.1M), Russia ($9.24M), United States ($9M), Canada ($5.49M), and Netherlands ($4.28M).

The fastest growing import markets in Cobalt for Brazil between 2021 and 2022 were Russia ($8.7M), Belgium ($3.68M), and Netherlands ($3.58M).

Latest Trends

February 2024

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Overview In February 2024 Brazil's Cobalt exports accounted up to $1.51M and imports accounted up to $2.37M, resulting in a negative trade balance of $860k. Between February 2023 and February 2024 the exports of Brazil's Cobalt have increased by $1.42M (1.46k%) from $97.3k to $1.51M, while imports decreased by $-468k (-16.5%) from $2.84M to $2.37M.

Destinations In February 2024, Cobalt were exported mostly to Belgium ($1.47M), United States ($30.7k), Hong Kong ($13.3k), India ($1.23k), and France ($413), and were imported mostly from Canada ($633k), United States ($564k), Germany ($314k), Russia ($272k), and United Kingdom ($177k).

Growth In February 2024, the increase in Cobalt's year-by-year exports was explained primarily by an increase in exports to United States ($31.6k or 98.6%). In February 2024, the decrease in Cobalt's year-by-year imports was explained primarily by a decrease in imports from Canada ($-1.64M or -85.6%), Morocco ($-972k or -85%), and China ($-121k or -74.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$1.42M(1.46k%)

IMPORT GROWTH (February 2023 - February 2024)$-468k(-16.5%)

MAIN EXPORTER (February 2024)São Paulo$1.48M

MAIN DESTINATION (February 2024)Belgium$1.47M

This section shows Cobalt's exports and imports data at subnational level for Brazil. 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 over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.53M

IMPORTS (2022)$59.1M

NET TRADE (2022)-$54.6M

In 2022, Brazil exported $4.53M in Cobalt. The main destinations of Brazil exports on Cobalt were Netherlands ($2.75M), Belgium ($1.08M), United States ($561k), United Kingdom ($31k), and Colombia ($21k).

In 2022, Brazil imported $59.1M in Cobalt, mainly from Belgium ($14.1M), Russia ($9.24M), United States ($9M), Canada ($5.49M), and Netherlands ($4.28M).

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