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2022
Exports $4.45MWorld Rnk 38 / 97
Flag Rnk 418 / 1127
2022
Destination $1.87MN/A
2021 - 2022
FASTEST GROWING MARKET $1.87MChina
2022
PRODUCT COMPLEXITY IN Cobalt-1.74Rnk 975 / 1025
2022
Imports $3.15MWorld Rnk 44 / 159
Flag Rnk 880 / 1201
2022
Origin $2.34M India
2021 - 2022
FASTEST GROWING ORIGIN $2.34MIndia
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

The fastest growing export markets for Cobalt of Philippines between 2021 and 2022 were China ($1.87M) and Japan ($3.06k).

Imports In 2022, Philippines imported $3.15M in Cobalt, becoming the 44th largest importer of Cobalt in the world. At the same year, Cobalt was the 880th most imported product in Philippines. Philippines imports Cobalt primarily from: India ($2.34M), Japan ($565k), Germany ($101k), United States ($83.3k), and China ($19.2k).

The fastest growing import markets in Cobalt for Philippines between 2021 and 2022 were India ($2.34M), United States ($82.4k), and Germany ($24.1k).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Cobalt exports accounted up to $2.55M and imports accounted up to $90k, resulting in a positive trade balance of $2.46M. Between June 2023 and June 2024 the exports of Philippines'   Cobalt have increased by $1.75M (219%) from $799k to $2.55M, while imports increased by $43.8k (94.8%) from $46.2k to $90k.

Destinations In June 2024, Cobalt were exported mostly to China ($1.59M), Cambodia ($477k), Thailand ($318k), Malaysia ($159k), and Germany ($4.62k), and were imported mostly from Japan ($87.4k), United States ($1.98k), and United Kingdom ($663).

Growth In June 2024, the increase in Cobalt's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Cobalt's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.75M(219%)
IMPORT GROWTH (March 2023 - June 2024)$43.8k(94.8%)
MAIN DESTINATION (June 2024)China$1.59M

This section shows Cobalt's exports and imports data at subnational level for Philippines. 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)$4.45M
IMPORTS (2022)$3.15M
NET TRADE (2022)$1.31M

In 2022, Philippines imported $3.15M in Cobalt, mainly from India ($2.34M), Japan ($565k), Germany ($101k), United States ($83.3k), and China ($19.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
China$1.87M (78.4%)
Japan$3.06k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Philippines WERE (2021 - 2022):
Germany-$27.2k (-12.5%)
United States-$11.6k (-100%)
Singapore-$427 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Cobalt were:
Democratic Republic of the Congo $5.99B
Canada $628M
United States $398M
In 2022, Philippines'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 POTENTIALChina+ $3.82M
TOP IMPORT POTENTIALJapan+ $207k

Cobalt’s highest export potential is China. With an export gap of $3.82M.   Cobalt’s highest import potential is Japan with an import gap of $207k.

See methodology.

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