2023
Exports
$571kWorld Rnk 44 / 98
Flag Rnk 917 / 1203
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$2.15MWorld Rnk 47 / 151
Flag Rnk 972 / 1213
2023
ECONOMIC COMPLEXITY of Romania
1.02Rnk 28 / 132

About

Exports In 2023, Romania exported $571k in Cobalt, making it the 44th largest exporter of Cobalt in the world. At the same year, Cobalt was the 917th most exported product in Romania. The main destination of Cobalt exports from Romania are: Hungary ($240k), Switzerland ($155k), Moldova ($96.5k), United Kingdom ($54k), and Bulgaria ($15.3k).

The fastest growing export markets for Cobalt of Romania between 2022 and 2023 were Switzerland ($39.9k), Moldova ($32.1k), and Italy ($4.19k).

Imports In 2023, Romania imported $2.15M in Cobalt, becoming the 47th largest importer of Cobalt in the world. At the same year, Cobalt was the 972nd most imported product in Romania. Romania imports Cobalt primarily from: Germany ($1.15M), Italy ($305k), United States ($231k), China ($221k), and Turkey ($71.9k).

The fastest growing import markets in Cobalt for Romania between 2022 and 2023 were China ($203k), Turkey ($61.9k), and Austria ($57.2k).

Latest Trends

Dec 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 (2023)$571k
IMPORTS (2023)$2.15M
NET TRADE (2023)-$1.58M

In 2023, Romania exported $571k in Cobalt. The main destinations of Romania exports on Cobalt were Hungary ($240k), Switzerland ($155k), Moldova ($96.5k), United Kingdom ($54k), and Bulgaria ($15.3k).

In 2023, Romania imported $2.15M in Cobalt, mainly from Germany ($1.15M), Italy ($305k), United States ($231k), China ($221k), and Turkey ($71.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Romania WERE (2022 - 2023):
Switzerland$39.9k (34.5%)
Moldova$32.1k (49.8%)
Italy$4.19k (360%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Romania WERE (2022 - 2023):
United Kingdom-$1.1M (-95.3%)
United States-$644k (-100%)
Singapore-$42.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Romania's main exporting competitors in Cobalt were:
In 2023, Romania'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 POTENTIALUnited States+ $366k
TOP IMPORT POTENTIALChina+ $90k

Cobalt’s highest export potential is United States. With an export gap of $366k.   Cobalt’s highest import potential is China with an import gap of $90k.

See methodology.

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