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2022
Exports $628MWorld Rnk 2 / 97
Flag Rnk 141 / 1210
2022
Destination $35.2M Norway
2021 - 2022
FASTEST GROWING MARKET $35.2MJapan
2022
PRODUCT COMPLEXITY IN Cobalt-1.74Rnk 975 / 1025
2022
Imports $96.5MWorld Rnk 14 / 159
Flag Rnk 573 / 1213
2022
Origin $8.84M United States
2021 - 2022
FASTEST GROWING ORIGIN $8.84MSouth Africa
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $628M in Cobalt, making it the 2nd largest exporter of Cobalt in the world. At the same year, Cobalt was the 141st most exported product in Canada. The main destination of Cobalt exports from Canada are: Norway ($163M), Japan ($78.4M), China ($72.3M), Netherlands ($70.8M), and United States ($67.1M).

The fastest growing export markets for Cobalt of Canada between 2021 and 2022 were Japan ($35.2M), Norway ($30.7M), and Belgium ($24.7M).

Imports In 2022, Canada imported $96.5M in Cobalt, becoming the 14th largest importer of Cobalt in the world. At the same year, Cobalt was the 573rd most imported product in Canada. Canada imports Cobalt primarily from: United States ($38.2M), Australia ($13.8M), Finland ($12.6M), South Africa ($9.44M), and China ($7.82M).

The fastest growing import markets in Cobalt for Canada between 2021 and 2022 were South Africa ($8.84M), Finland ($8.62M), and Australia ($8.39M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Cobalt exports accounted up to C$25.6M and imports accounted up to C$3.37M, resulting in a positive trade balance of C$22.2M. Between August 2023 and August 2024 the exports of Canada's   Cobalt have decreased by C$-18.6M (-42%) from C$44.2M to C$25.6M, while imports decreased by C$-1.8M (-34.9%) from C$5.17M to C$3.37M.

Destinations In August 2024, Cobalt were exported mostly to United States (C$7.41M), Netherlands (C$4.36M), China (C$4.35M), Belgium (C$3.37M), and Norway (C$2.75M), and were imported mostly from United States (C$1.47M), Finland (C$537k), Morocco (C$370k), France (C$366k), and Madagascar (C$269k).

Growth In August 2024, the decrease in Cobalt's year-by-year exports was explained primarily by a decrease in exports to China (C$-14.9M or -80%), Chinese Taipei (C$-7.49M or -82.1%), and Norway (C$-6.42M or -31.7%). In August 2024, the decrease in Cobalt's year-by-year imports was explained primarily by a decrease in imports from Germany (C$-764k or -87.4%) and Canada (C$-276k or -66.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-18.6M(-42%)
IMPORT GROWTH (August 2023 - August 2024)C$-1.8M(-34.9%)
MAIN EXPORTER (August 2024)AlbertaC$19.6M
MAIN DESTINATION (August 2024)United StatesC$7.41M

This section shows Cobalt's exports and imports data at subnational level for Canada. 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 (2022)$628M
IMPORTS (2022)$96.5M
NET TRADE (2022)$531M

In 2022, Canada exported $628M in Cobalt. The main destinations of Canada exports on Cobalt were Norway ($163M), Japan ($78.4M), China ($72.3M), Netherlands ($70.8M), and United States ($67.1M).

In 2022, Canada imported $96.5M in Cobalt, mainly from United States ($38.2M), Australia ($13.8M), Finland ($12.6M), South Africa ($9.44M), and China ($7.82M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Japan$35.2M (81.4%)
Norway$30.7M (23.3%)
Belgium$24.7M (92.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Canada WERE (2021 - 2022):
China-$5.71M (-7.32%)
Pakistan-$1.32M (-76.9%)
Singapore-$1M (-17.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Cobalt were:
Democratic Republic of the Congo $5.99B
United States $398M
In 2022, Canada's main importing competitors in Cobalt were:
China $6.07B
Japan $585M
United States $523M

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Trade Value of Cobalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $37.5M
TOP IMPORT POTENTIALUnited States+ $3.9M

Cobalt’s highest export potential is United States. With an export gap of $37.5M.   Cobalt’s highest import potential is United States with an import gap of $3.9M.

See methodology.

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