2023
Exports
$62.8kWorld Rnk 63 / 98
Flag Rnk 951 / 1148
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$2.6MWorld Rnk 46 / 151
Flag Rnk 953 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $62.8k in Cobalt, making it the 63rd largest exporter of Cobalt in the world. At the same year, Cobalt was the 951st most exported product in Saudi Arabia. The main destination of Cobalt exports from Saudi Arabia are: Hungary ($28.7k), India ($20k), China ($6.62k), Bahrain ($4.98k), and Indonesia ($2.19k).

The fastest growing export markets for Cobalt of Saudi Arabia between 2022 and 2023 were India ($20k), Hungary ($9.96k), and China ($6.62k).

Imports In 2023, Saudi Arabia imported $2.6M in Cobalt, becoming the 46th largest importer of Cobalt in the world. At the same year, Cobalt was the 953rd most imported product in Saudi Arabia. Saudi Arabia imports Cobalt primarily from: United States ($1.98M), Australia ($172k), India ($130k), Germany ($128k), and United Arab Emirates ($77.1k).

The fastest growing import markets in Cobalt for Saudi Arabia between 2022 and 2023 were United States ($700k), Australia ($123k), and United Arab Emirates ($67.6k).

Latest Trends

Jan 2025

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)$62.8k
IMPORTS (2023)$2.6M
NET TRADE (2023)-$2.54M

In 2023, Saudi Arabia exported $62.8k in Cobalt. The main destinations of Saudi Arabia exports on Cobalt were Hungary ($28.7k), India ($20k), China ($6.62k), Bahrain ($4.98k), and Indonesia ($2.19k).

In 2023, Saudi Arabia imported $2.6M in Cobalt, mainly from United States ($1.98M), Australia ($172k), India ($130k), Germany ($128k), and United Arab Emirates ($77.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
India$20k (1%)
Hungary$9.96k (53.2%)
China$6.62k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Saudi Arabia WERE (2022 - 2023):
Germany-$107k (-100%)
United States-$1.8k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Cobalt were:
In 2023, Saudi Arabia'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 POTENTIALGermany+ $37.4k
TOP IMPORT POTENTIALGermany+ $120k

Cobalt’s highest export potential is Germany. With an export gap of $37.4k.   Cobalt’s highest import potential is Germany with an import gap of $120k.

See methodology.

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