2023
Exports
$57.9MWorld Rnk 19 / 98
Flag Rnk 468 / 1215
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$26.4MWorld Rnk 23 / 151
Flag Rnk 644 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $57.9M in Cobalt, making it the 19th largest exporter of Cobalt in the world. At the same year, Cobalt was the 468th most exported product in Turkey. The main destination of Cobalt exports from Turkey are: Russia ($23.7M), Spain ($17.7M), United Kingdom ($8.97M), Netherlands ($4.77M), and India ($885k).

The fastest growing export markets for Cobalt of Turkey between 2022 and 2023 were Russia ($16M), Netherlands ($2.94M), and Italy ($647k).

Imports In 2023, Turkey imported $26.4M in Cobalt, becoming the 23rd largest importer of Cobalt in the world. At the same year, Cobalt was the 644th most imported product in Turkey. Turkey imports Cobalt primarily from: United States ($7.04M), Canada ($3.36M), Germany ($2.79M), Australia ($2.72M), and United Kingdom ($2.36M).

The fastest growing import markets in Cobalt for Turkey between 2022 and 2023 were United States ($2.93M), China ($1.08M), and United Kingdom ($564k).

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)$57.9M
IMPORTS (2023)$26.4M
NET TRADE (2023)$31.5M

In 2023, Turkey exported $57.9M in Cobalt. The main destinations of Turkey exports on Cobalt were Russia ($23.7M), Spain ($17.7M), United Kingdom ($8.97M), Netherlands ($4.77M), and India ($885k).

In 2023, Turkey imported $26.4M in Cobalt, mainly from United States ($7.04M), Canada ($3.36M), Germany ($2.79M), Australia ($2.72M), and United Kingdom ($2.36M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Russia$16M (210%)
Netherlands$2.94M (160%)
Italy$647k (29k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Turkey WERE (2022 - 2023):
United Kingdom-$23.6M (-72.4%)
Spain-$4.22M (-19.2%)
India-$910k (-50.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Cobalt were:
In 2023, Turkey'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+ $1.54M
TOP IMPORT POTENTIALMadagascar+ $1.47M

Cobalt’s highest export potential is United States. With an export gap of $1.54M.   Cobalt’s highest import potential is Madagascar with an import gap of $1.47M.

See methodology.

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