Cobalt in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $254M in Cobalt, making it the 6th largest exporter of Cobalt in the world. At the same year, Cobalt was the 712th most exported product in China. The main destination of Cobalt exports from China are: Netherlands ($59.3M), Chinese Taipei ($37.1M), Japan ($32.6M), United States ($23.8M), and South Korea ($20.9M).

The fastest growing export markets for Cobalt of China between 2021 and 2022 were Netherlands ($34.6M), United States ($16.9M), and Japan ($13M).

Imports In 2022, China imported $6.07B in Cobalt, becoming the 1st largest importer of Cobalt in the world. At the same year, Cobalt was the 57th most imported product in China. China imports Cobalt primarily from: Democratic Republic of the Congo ($5.74B), United States ($75.1M), Canada ($72.3M), Australia ($47.8M), and Malaysia ($18.4M).

The fastest growing import markets in Cobalt for China between 2021 and 2022 were Democratic Republic of the Congo ($1.34B), Madagascar ($13.8M), and Singapore ($12.8M).

Latest Trends

October 2024

About

Overview In October 2024 China's Cobalt exports accounted up to $19M and imports accounted up to $230M, resulting in a negative trade balance of $210M. Between October 2023 and October 2024 the exports of China's Cobalt have increased by $6.54M (52.4%) from $12.5M to $19M, while imports increased by $24M (11.7%) from $205M to $230M.

Destinations In October 2024, Cobalt were exported mostly to Netherlands ($11.7M), United States ($1.84M), Australia ($1.11M), Japan ($963k), and South Korea ($821k), and were imported mostly from Democratic Republic of the Congo ($212M), Canada ($3.31M), Russia ($2.41M), Japan ($2.21M), and United States ($2.01M).

Growth In October 2024, the increase in Cobalt's year-by-year exports was explained primarily by an increase in exports to Netherlands ($4.6M or 260%), Russia ($3.13M or 15.9k%), and India ($877k or 248%). In October 2024, the increase in Cobalt's year-by-year imports was explained primarily by an increase in imports from Russia ($11.2M or 390%), United States ($1.34M or 26.5%), and United Kingdom ($1.1M or 219%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)$6.54M(52.4%)

IMPORT GROWTH (October 2023 - October 2024)$24M(11.7%)

MAIN EXPORTER (October 2024)Shanghai Province$22.8M

MAIN DESTINATION (October 2024)Netherlands$11.7M

This section shows Cobalt's exports and imports data at subnational level for China. 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)$254M

IMPORTS (2022)$6.07B

NET TRADE (2022)-$5.82B

In 2022, China exported $254M in Cobalt. The main destinations of China exports on Cobalt were Netherlands ($59.3M), Chinese Taipei ($37.1M), Japan ($32.6M), United States ($23.8M), and South Korea ($20.9M).

In 2022, China imported $6.07B in Cobalt, mainly from Democratic Republic of the Congo ($5.74B), United States ($75.1M), Canada ($72.3M), Australia ($47.8M), and Malaysia ($18.4M).

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