Cobalt OreCobalt ores and concentrates
2605 (Harmonized System 1992 for 4-digit)
2021 World Trade: $118M, Rnk 1167 / 1217
2021 Top Exporter | Top Importer: $92M | $89.2M, Democratic Republic of the Congo | China
2020 - 2021 Export Growth (CAGR): -15.2%, Rnk 1190 / 1217
2018 Mean Tariff: 2.22%, Rnk 1223 / 1259
2021 Share of World Trade: 0.00056%, Rnk 1167 / 1217
Overview This page contains the latest trade data of Cobalt Ore. In 2021, Cobalt Ore were the world's 1167th most traded product, with a total trade of $118M. Between 2020 and 2021 the exports of Cobalt Ore decreased by -15.2%, from $139M to $118M. Trade in Cobalt Ore represent 0.00056% of total world trade.
Cobalt Ore are a part of Ores, slag and ash. They include Cobalt ores and concentrates.
Exports In 2021 the top exporters of Cobalt Ore were Democratic Republic of the Congo ($92M), Austria ($15.3M), Republic of the Congo ($3.37M), Netherlands ($1.81M), and Germany ($1.73M).
Imports In 2021 the top importers of Cobalt Ore were China ($89.2M), Finland ($16.3M), Chinese Taipei ($7.12M), France ($1.3M), and Belgium ($1.02M).
Tariffs In 2018 the average tariff for Cobalt Ore was 2.22%, making it the 1223rd lowest tariff using the HS4 product classification.
The following visualization shows the latest trends on Cobalt Ore. 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.
Trade By Country
Top Origin (2021): Democratic Republic of the Congo, $92M
Top Destination (2021): China, $89.2M
Cobalt Ore are the world's 1167th most traded product.
In 2021, the top exporters of Cobalt Ore were Democratic Republic of the Congo ($92M), Austria ($15.3M), Republic of the Congo ($3.37M), Netherlands ($1.81M), and Germany ($1.73M).
In 2021, the top importers of Cobalt Ore were China ($89.2M), Finland ($16.3M), Chinese Taipei ($7.12M), France ($1.3M), and Belgium ($1.02M).
Trade by country
Top Origin Growth (2020 - 2021): Austria, $8.69M
Top Destination Growth (2020 - 2021): Finland, $9.67M
Between 2020 and 2021, the exports of Cobalt Ore grew the fastest in Austria ($8.69M), Republic of the Congo ($3.37M), Germany ($1.47M), Italy ($1.32M), and Netherlands ($448k).
Between 2020 and 2021, the fastest growing importers of Cobalt Ore were Finland ($9.67M), Chinese Taipei ($6.19M), France ($1.29M), Austria ($686k), and Malaysia ($339k).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Cobalt Ore.
In 2021, market concentration measured using Shannon Entropy, was 1.28. This means that most of the exports of Cobalt Ore are explained by 2 countries.
TOP NET EXPORTER (2021): Democratic Republic of the Congo, $92M
TOP NET IMPORTER (2021): China, $88.8M
This map shows which countries export or import more of Cobalt Ore. Each country is colored based on the difference in exports and imports of Cobalt Ore during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Cobalt Ore were Democratic Republic of the Congo ($92M), Austria ($14.6M), Republic of the Congo ($3.37M), Netherlands ($1.8M), and Germany ($1.42M).
In 2021, the countries that had a largest trade value in imports than in exports of Cobalt Ore were China ($88.8M), Finland ($16.3M), Chinese Taipei ($7.09M), France ($1.05M), and Belgium ($969k).
In 2021, the world most traded Cobalt Ore, disaggragated by their HS6 level were Cobalt ores and concentrates ($118M)
This visualization shows the countries that have an important ratio of their trade related to Cobalt Ore. It is possible to select the main countries that export or import Cobalt Ore in the world, or by continent, as well as select the measure of interest.
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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