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2023
Exports $1.03MWorld Rnk 40 / 98
Flag Rnk 924 / 1207
2023
Destination $110k United States
2022 - 2023
FASTEST GROWING MARKET $110kUnited States
2023
PRODUCT COMPLEXITY IN Cobalt-1.98Rnk 996 / 1025
2023
Imports $38.4MWorld Rnk 20 / 151
Flag Rnk 501 / 1200
2023
Origin $1.58M United States
2022 - 2023
FASTEST GROWING ORIGIN $1.58MUnited States
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $1.03M in Cobalt, making it the 40th largest exporter of Cobalt in the world. At the same year, Cobalt was the 924th most exported product in Brazil. The main destination of Cobalt exports from Brazil are: United States ($671k), Mexico ($79.8k), Luxembourg ($41.3k), United Kingdom ($36.5k), and China ($35.1k).

The fastest growing export markets for Cobalt of Brazil between 2022 and 2023 were United States ($110k), Mexico ($78.3k), and Luxembourg ($41.3k).

Imports In 2023, Brazil imported $38.4M in Cobalt, becoming the 20th largest importer of Cobalt in the world. At the same year, Cobalt was the 501st most imported product in Brazil. Brazil imports Cobalt primarily from: United States ($9.15M), Canada ($6.51M), Germany ($5.29M), Netherlands ($4.81M), and United Kingdom ($2.58M).

The fastest growing import markets in Cobalt for Brazil between 2022 and 2023 were United States ($1.58M), Finland ($702k), and Italy ($674k).

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Cobalt exports accounted up to $127k and imports accounted up to $1.53M, resulting in a negative trade balance of $1.4M. Between December 2023 and December 2024 the exports of Brazil's   Cobalt have increased by $66.2k (109%) from $60.8k to $127k, while imports decreased by $-653k (-29.9%) from $2.18M to $1.53M.

Destinations In December 2024, Cobalt were exported mostly to United States ($111k), Colombia ($7.69k), South Africa ($4.14k), China ($1.99k), and United Kingdom ($1.03k), and were imported mostly from United States ($414k), China ($340k), Canada ($241k), Germany ($174k), and Belgium ($132k).

Growth In December 2024, the increase in Cobalt's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($1.75k or 1.12k%). In December 2024, the decrease in Cobalt's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-272k or -67.1%), Canada ($-260k or -94.8%), and Japan ($-171k or -98.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$66.2k(109%)
IMPORT GROWTH (December 2023 - December 2024)$-653k(-29.9%)
MAIN EXPORTER (December 2024)São Paulo$1.49M
MAIN DESTINATION (December 2024)United States$111k

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
EXPORTS (2023)$1.03M
IMPORTS (2023)$38.4M
NET TRADE (2023)-$37.4M

In 2023, Brazil exported $1.03M in Cobalt. The main destinations of Brazil exports on Cobalt were United States ($671k), Mexico ($79.8k), Luxembourg ($41.3k), United Kingdom ($36.5k), and China ($35.1k).

In 2023, Brazil imported $38.4M in Cobalt, mainly from United States ($9.15M), Canada ($6.51M), Germany ($5.29M), Netherlands ($4.81M), and United Kingdom ($2.58M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
United States$110k (19.7%)
Mexico$78.3k (5.41k%)
Luxembourg$41.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Brazil WERE (2022 - 2023):
Netherlands-$2.81M (-100%)
Belgium-$1.07M (-99.2%)
Hungary-$16.1k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Cobalt were:
Democratic Republic of the Congo $2.4B
Canada $456M
United States $416M
In 2023, Brazil's main importing competitors in Cobalt were:
China $2.71B
United States $385M
Japan $291M

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Trade Value of Cobalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $642k
TOP IMPORT POTENTIALUnited States+ $1.62M

Cobalt’s highest export potential is United States. With an export gap of $642k.   Cobalt’s highest import potential is United States with an import gap of $1.62M.

See methodology.

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