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HS Icon Cobalt

Cobalt; mattes and other intermediate products of cobalt metallurgy, cobalt and articles thereof, including waste and scrap

8105 (Harmonized System 1992 for 4-digit)

2021
World Trade: $7.71B, Rnk 422 / 1217

2021
Top Exporter | Top Importer: $4.44B | $4.82B, Democratic Republic of the Congo | China

2021
Product Complexity: -1.72, Rnk 972 / 1024

2020 - 2021
Export Growth (CAGR): 54.6%, Rnk 86 / 1217

2018
Mean Tariff: 3.08%, Rnk 1138 / 1259

2021
Share of World Trade: 0.037%, Rnk 422 / 1217

About

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Overview This page contains the latest trade data of Cobalt. In 2021, Cobalt were the world's 422nd most traded product, with a total trade of $7.71B. Between 2020 and 2021 the exports of Cobalt grew by 54.6%, from $4.99B to $7.71B. Trade in Cobalt represent 0.037% of total world trade.

Cobalt are a part of Cermet articles. They include Cobalt, unwrought, matte, waste or scrap, powders and Cobalt, articles thereof, nes.

Exports In 2021 the top exporters of Cobalt  were Democratic Republic of the Congo ($4.44B), Canada ($460M), United States ($335M), Finland ($289M), and Norway ($241M).

Imports In 2021 the top importers of Cobalt were China ($4.82B), Japan ($481M), United States ($389M), Netherlands ($295M), and Belgium ($189M).

Tariffs In 2018 the average tariff for Cobalt was 3.08%, making it the 1138th lowest tariff using the HS4 product classification.

Ranking Cobalt ranks 972nd in the Product Complexity Index (PCI).

Description Cobalt is a metal that is used in the production of batteries, catalysts, and other products. Cobalt waste and scrap are byproducts of the production of cobalt.

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Latest Data

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View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Cobalt. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Democratic Republic of the Congo, $4.44B

Top Destination (2021): China, $4.82B

Cobalt are the world's 422nd most traded product.

In 2021, the top exporters of Cobalt were Democratic Republic of the Congo ($4.44B), Canada ($460M), United States ($335M), Finland ($289M), and Norway ($241M).

In 2021, the top importers of Cobalt were China ($4.82B), Japan ($481M), United States ($389M), Netherlands ($295M), and Belgium ($189M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Democratic Republic of the Congo, $2.05B

Top Destination Growth (2020 -  2021): China, $2.19B

Between 2020 and 2021, the exports of Cobalt grew the fastest in Democratic Republic of the Congo ($2.05B), Canada ($160M), Finland ($90M), China ($77.8M), and United States ($74.3M).

Between 2020 and 2021, the fastest growing importers of Cobalt were China ($2.19B), Japan ($154M), Chinese Taipei ($111M), Belgium ($72.4M), and South Korea ($71.3M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Cobalt.

In 2021, market concentration measured using Shannon Entropy, was 2.85. This means that most of the exports of Cobalt are explained by 7 countries.

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Net Trade

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TOP NET EXPORTER (2021): Democratic Republic of the Congo, $4.44B

TOP NET IMPORTER (2021): China, $4.67B

This map shows which countries export or import more of Cobalt. Each country is colored based on the difference in exports and imports of Cobalt during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Cobalt were Democratic Republic of the Congo ($4.44B), Canada ($393M), Finland ($261M), Australia ($142M), and Madagascar ($119M).

In 2021, the countries that had a largest trade value in imports than in exports of Cobalt were China ($4.67B), Japan ($331M), Chinese Taipei ($149M), Netherlands ($142M), and South Korea ($133M).

Disaggregation

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Value

In 2021, the world most traded Cobalt, disaggragated by their HS6 level were Cobalt, unwrought, matte, waste or scrap,... ($7.11B) and Cobalt, articles thereof, nes ($603M)

Country Comparison

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Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Cobalt.
It is possible to select the main countries that export or import Cobalt in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

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This visualization shows products that are likely to be exported by countries that export Cobalt.

Country by Relatedness

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The following visualization shows the relatedness of Cobalt to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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