2023
Exports
$70.9MWorld Rnk 15 / 98
Flag Rnk 204 / 1200
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$44.9MWorld Rnk 17 / 151
Flag Rnk 491 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $70.9M in Cobalt, making it the 15th largest exporter of Cobalt in the world. At the same year, Cobalt was the 204th most exported product in Russia. The main destination of Cobalt exports from Russia are: China ($58.7M), Germany ($4.32M), Netherlands ($2.23M), Austria ($1.97M), and United States ($1.86M).

The fastest growing export markets for Cobalt of Russia between 2022 and 2023 were China ($50M), India ($57k), and Indonesia ($7.63k).

Imports In 2023, Russia imported $44.9M in Cobalt, becoming the 17th largest importer of Cobalt in the world. At the same year, Cobalt was the 491st most imported product in Russia. Russia imports Cobalt primarily from: Turkey ($23.7M), China ($20.2M), Germany ($895k), Slovenia ($107k), and Kazakhstan ($43.3k).

The fastest growing import markets in Cobalt for Russia between 2022 and 2023 were Turkey ($16M), China ($14.9M), and Germany ($493k).

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)$70.9M
IMPORTS (2023)$44.9M
NET TRADE (2023)$26M

In 2023, Russia exported $70.9M in Cobalt. The main destinations of Russia exports on Cobalt were China ($58.7M), Germany ($4.32M), Netherlands ($2.23M), Austria ($1.97M), and United States ($1.86M).

In 2023, Russia imported $44.9M in Cobalt, mainly from Turkey ($23.7M), China ($20.2M), Germany ($895k), Slovenia ($107k), and Kazakhstan ($43.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Russia WERE (2022 - 2023):
China$50M (578%)
India$57k (1%)
Indonesia$7.63k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Russia WERE (2022 - 2023):
Netherlands-$48.1M (-95.6%)
Turkey-$26.3M (-98.8%)
United States-$18.2M (-90.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Cobalt were:
In 2023, Russia'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+ $17.1M
TOP IMPORT POTENTIALChina+ $2.19M

Cobalt’s highest export potential is China. With an export gap of $17.1M.   Cobalt’s highest import potential is China with an import gap of $2.19M.

See methodology.

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