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Pricing

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

8105 (Harmonized System 1992 for 4-digit)

2022
World Trade $10.1BRnk 373 / 1218
2022
Top Exporter | Top Importer $5.99B | $6.07BDemocratic Republic of the Congo | China
2022
Product Complexity -2.45Rnk 1021 / 1033
2021 - 2022
Export Growth (CAGR) 27.9%Rnk 104 / 1218
2022
Share of World Trade 0.043%Rnk 373 / 1218

About

Overview This page contains the latest trade data of Cobalt. In 2022, Cobalt were the world's 373rd most traded product, with a total trade of $10.1B. Between 2021 and 2022 the exports of Cobalt grew by 27.9%, from $7.9B to $10.1B. Trade in Cobalt represent 0.043% 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 2022 the top exporters of Cobalt  were Democratic Republic of the Congo ($5.99B), Canada ($628M), United States ($398M), Finland ($339M), and Norway ($272M).

Imports In 2022 the top importers of Cobalt were China ($6.07B), Japan ($585M), United States ($523M), Netherlands ($397M), and Chinese Taipei ($322M).

Ranking Cobalt ranks 1021st 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.

Latest Trends

Latest Data

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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.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Democratic Republic of the Congo$5.99B
Top Destination (2022)China$6.07B

In 2022 Cobalt were the world's 373rd most traded product (out of 1,218).

In 2022, the top exporters of Cobalt were Democratic Republic of the Congo ($5.99B), Canada ($628M), United States ($398M), Finland ($339M), and Norway ($272M).

In 2022, the top importers of Cobalt were China ($6.07B), Japan ($585M), United States ($523M), Netherlands ($397M), and Chinese Taipei ($322M).

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Exporters of Cobalt (2022)
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Importers of Cobalt (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Democratic Republic of the Congo$1.4B
Top Destination Growth (2021 -  2022)China$1.23B

Between 2021 and 2022, the exports of Cobalt grew the fastest in Democratic Republic of the Congo ($1.4B), Canada ($166M), Madagascar ($102M), Australia ($102M), and China ($85.6M).

Between 2021 and 2022, the fastest growing importers of Cobalt were China ($1.23B), Chinese Taipei ($154M), United States ($134M), Japan ($103M), and Netherlands ($99.5M).

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Exporters of Cobalt (2021 - 2022)

Importers of Cobalt (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 2.73. This means that most of the exports of Cobalt are explained by 6 countries.

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Value of Exports in Cobalt

Net Trade

TOP NET EXPORTER (2022)Democratic Republic of the Congo$5.99B
TOP NET IMPORTER (2022)China$5.82B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Cobalt were Democratic Republic of the Congo ($5.99B), Canada ($531M), Finland ($323M), Australia ($234M), and Madagascar ($224M).

In 2022, the countries that had a largest trade value in imports than in exports of Cobalt were China ($5.82B), Japan ($393M), Chinese Taipei ($295M), Netherlands ($237M), and South Korea ($194M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Cobalt, disaggragated by their HS6 level were Cobalt, unwrought, matte, waste or scrap,... ($9.25B) and Cobalt, articles thereof, nes ($851M)

HS6 Disaggregation for Cobalt (2022)
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Country Comparison

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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.

Top 10 Exporters Countries of Cobalt by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2022)

Related Products

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

Country by Relatedness

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.

Relative Relatedness by Country (2022)

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