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810590 (Harmonized System 1992 for 6-digit)

2023
World Trade $705MRnk 2491 / 4644
2023
Top Exporter | Top Importer $251M | $70.9MUnited States | China
2023
Product Complexity -0.46Rnk 3174 / 4656
2022 - 2023
Export Growth (CAGR) -18.8%Rnk 3598 / 4644
2023
Share of World Trade 0.0031%Rnk 2491 / 4644

About

Overview This page contains the latest trade data of Cobalt, articles thereof, nes. In 2023, Cobalt, articles thereof, nes were the world's 2491st most traded product, with a total trade of $705M. Between 2022 and 2023 the exports of Cobalt, articles thereof, nes decreased by -18.8%, from $869M to $705M. Trade in Cobalt, articles thereof, nes represent 0.0031% of total world trade.

Cobalt, articles thereof, nes are a part of Cobalt.

Exports In 2023 the top exporters of Cobalt, articles thereof, nes  were United States ($251M), United Kingdom ($110M), Germany ($91.7M), China ($41.3M), and France ($32.8M).

Imports In 2023 the top importers of Cobalt, articles thereof, nes were China ($70.9M), India ($62.7M), France ($54M), United States ($53.5M), and Germany ($47.9M).

Ranking Cobalt, articles thereof, nes ranks 3174th in the Product Complexity Index (PCI).

Description Cobalt is used in the production of high-performance alloys and superalloys. Cobalt is also used in the production of glass and ceramic compounds, as well as in the production of graphite.

Latest Trends

Latest Data

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

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

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* 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 (2023)United States$251M
Top Destination (2023)China$70.9M

In 2023 Cobalt, articles thereof, nes were the world's 2491st most traded product (out of 4,644).

In 2023, the top exporters of Cobalt, articles thereof, nes were United States ($251M), United Kingdom ($110M), Germany ($91.7M), China ($41.3M), and France ($32.8M).

In 2023, the top importers of Cobalt, articles thereof, nes were China ($70.9M), India ($62.7M), France ($54M), United States ($53.5M), and Germany ($47.9M).

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Exporters of Cobalt, articles thereof, nes (2023)
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Importers of Cobalt, articles thereof, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$29.3M
Top Destination Growth (2022 -  2023)India$16.9M

Between 2022 and 2023, the exports of Cobalt, articles thereof, nes grew the fastest in United States ($29.3M), United Kingdom ($20.4M), Malaysia ($7.85M), Finland ($7.1M), and Belgium ($4.15M).

Between 2022 and 2023, the fastest growing importers of Cobalt, articles thereof, nes were India ($16.9M), Switzerland ($9.25M), Malaysia ($7.95M), Finland ($7.02M), and Italy ($6.89M).

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Exporters of Cobalt, articles thereof, nes (2022 - 2023)

Importers of Cobalt, articles thereof, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cobalt, articles thereof, nes.

In 2023, market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Cobalt, articles thereof, nes are explained by 9 countries.

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Value of Exports in Cobalt, articles thereof, nes

Net Trade

TOP NET EXPORTER (2023)United States$197M
TOP NET IMPORTER (2023)India$59.1M

This map shows which countries export or import more of Cobalt, articles thereof, nes. Each country is colored based on the difference in exports and imports of Cobalt, articles thereof, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Cobalt, articles thereof, nes were United States ($197M), United Kingdom ($67.6M), Germany ($43.8M), Norway ($23.6M), and Austria ($13.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Cobalt, articles thereof, nes were India ($59.1M), China ($29.6M), Switzerland ($25.3M), Singapore ($23.7M), and France ($21.2M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Cobalt, articles thereof, nes 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 (2023)

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