2022
Exports
$224MWorld Rnk 8 / 97
Flag Rnk 4 / 803
2022
PRODUCT COMPLEXITY IN Cobalt
-1.74Rnk 975 / 1025
2022
Imports
$52.9kWorld Rnk 93 / 159
Flag Rnk 829 / 1117
2022
ECONOMIC COMPLEXITY of Madagascar
-1.08Rnk 115 / 133

About

Exports In 2022, Madagascar exported $224M in Cobalt, making it the 8th largest exporter of Cobalt in the world. At the same year, Cobalt was the 4th most exported product in Madagascar. The main destination of Cobalt exports from Madagascar are: Netherlands ($72.7M), Japan ($54.4M), Chinese Taipei ($44.6M), United States ($19.1M), and China ($16.3M).

The fastest growing export markets for Cobalt of Madagascar between 2021 and 2022 were Chinese Taipei ($36.7M), Japan ($24.5M), and Netherlands ($21.7M).

Imports In 2022, Madagascar imported $52.9k in Cobalt, becoming the 93rd largest importer of Cobalt in the world. At the same year, Cobalt was the 829th most imported product in Madagascar. Madagascar imports Cobalt primarily from: United States ($34.7k), France ($15.9k), United Arab Emirates ($1.23k), and Germany ($1.13k).

The fastest growing import markets in Cobalt for Madagascar between 2021 and 2022 were United States ($13.3k), France ($13.3k), and United Arab Emirates ($1.23k).

Latest Trends

Aug 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. 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 (2022)$224M
IMPORTS (2022)$52.9k
NET TRADE (2022)$224M

In 2022, Madagascar exported $224M in Cobalt. The main destinations of Madagascar exports on Cobalt were Netherlands ($72.7M), Japan ($54.4M), Chinese Taipei ($44.6M), United States ($19.1M), and China ($16.3M).

In 2022, Madagascar imported $52.9k in Cobalt, mainly from United States ($34.7k), France ($15.9k), United Arab Emirates ($1.23k), and Germany ($1.13k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Madagascar WERE (2021 - 2022):
Chinese Taipei$36.7M (461%)
Japan$24.5M (81.8%)
Netherlands$21.7M (42.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Madagascar WERE (2021 - 2022):
Belgium-$6.28M (-100%)
Germany-$3.78M (-93.5%)
Canada-$2.06M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Madagascar's main exporting competitors in Cobalt were:
In 2022, Madagascar's main importing competitors in Cobalt were:

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Trade Value of Cobalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $26.2M
TOP IMPORT POTENTIALUnited States+ $10.8k

Cobalt’s highest export potential is China. With an export gap of $26.2M.   Cobalt’s highest import potential is United States with an import gap of $10.8k.

See methodology.

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