2023
Exports
$10.6MWorld Rnk 25 / 98
Flag Rnk 502 / 1202
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$61.9MWorld Rnk 14 / 151
Flag Rnk 398 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $10.6M in Cobalt, making it the 25th largest exporter of Cobalt in the world. At the same year, Cobalt was the 502nd most exported product in Singapore. The main destination of Cobalt exports from Singapore are: Netherlands ($3.57M), United States ($2.7M), United Kingdom ($796k), Chinese Taipei ($782k), and South Korea ($648k).

The fastest growing export markets for Cobalt of Singapore between 2022 and 2023 were United States ($2.45M), Netherlands ($2.33M), and Chinese Taipei ($579k).

Imports In 2023, Singapore imported $61.9M in Cobalt, becoming the 14th largest importer of Cobalt in the world. At the same year, Cobalt was the 398th most imported product in Singapore. Singapore imports Cobalt primarily from: Madagascar ($18.9M), United States ($13.4M), Japan ($12.7M), Canada ($10.5M), and United Kingdom ($1.85M).

The fastest growing import markets in Cobalt for Singapore between 2022 and 2023 were Madagascar ($18.9M), Japan ($11.7M), and Canada ($5.88M).

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)$10.6M
IMPORTS (2023)$61.9M
NET TRADE (2023)-$51.3M

In 2023, Singapore exported $10.6M in Cobalt. The main destinations of Singapore exports on Cobalt were Netherlands ($3.57M), United States ($2.7M), United Kingdom ($796k), Chinese Taipei ($782k), and South Korea ($648k).

In 2023, Singapore imported $61.9M in Cobalt, mainly from Madagascar ($18.9M), United States ($13.4M), Japan ($12.7M), Canada ($10.5M), and United Kingdom ($1.85M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
United States$2.45M (959%)
Netherlands$2.33M (189%)
Chinese Taipei$579k (284%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Singapore WERE (2022 - 2023):
Malaysia-$1.88M (-94.2%)
India-$1.57M (-77.6%)
China-$1.09M (-77.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Cobalt were:
In 2023, Singapore'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+ $2.77M
TOP IMPORT POTENTIALChina+ $670k

Cobalt’s highest export potential is China. With an export gap of $2.77M.   Cobalt’s highest import potential is China with an import gap of $670k.

See methodology.

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