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Cobalt ores and concentrates

2605 (Harmonized System 1992 for 4-digit)

2023
World Trade $97.4MRnk 1173 / 1217
2023
Top Exporter | Top Importer $67.1M | $39.1MDemocratic Republic of the Congo | China
2022 - 2023
Export Growth (CAGR) -55.1%Rnk 1209 / 1217
2023
Share of World Trade 0.00043%Rnk 1173 / 1217

About

Overview This page contains the latest trade data of Cobalt Ore. In 2023, Cobalt Ore were the world's 1173rd most traded product, with a total trade of $97.4M. Between 2022 and 2023 the exports of Cobalt Ore decreased by -55.1%, from $217M to $97.4M. Trade in Cobalt Ore represent 0.00043% of total world trade.

Cobalt Ore are a part of Ores, slag and ash. They include Cobalt ores and concentrates.

Exports In 2023 the top exporters of Cobalt Ore  were Democratic Republic of the Congo ($67.1M), Austria ($11.1M), Italy ($5.93M), Chinese Taipei ($5.5M), and Germany ($1.74M).

Imports In 2023 the top importers of Cobalt Ore were China ($39.1M), Chinese Taipei ($19.9M), Finland ($16.7M), Morocco ($8.56M), and France ($5.75M).

Latest Trends

Latest Data

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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.

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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)Democratic Republic of the Congo$67.1M
Top Destination (2023)China$39.1M

In 2023 Cobalt Ore were the world's 1173rd most traded product (out of 1,217).

In 2023, the top exporters of Cobalt Ore were Democratic Republic of the Congo ($67.1M), Austria ($11.1M), Italy ($5.93M), Chinese Taipei ($5.5M), and Germany ($1.74M).

In 2023, the top importers of Cobalt Ore were China ($39.1M), Chinese Taipei ($19.9M), Finland ($16.7M), Morocco ($8.56M), and France ($5.75M).

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Exporters of Cobalt Ore (2023)
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Importers of Cobalt Ore (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Chinese Taipei$5.45M
Top Destination Growth (2022 -  2023)Chinese Taipei$4.2M

Between 2022 and 2023, the exports of Cobalt Ore grew the fastest in Chinese Taipei ($5.45M), Italy ($3.76M), Malaysia ($1.29M), Madagascar ($322k), and United States ($219k).

Between 2022 and 2023, the fastest growing importers of Cobalt Ore were Chinese Taipei ($4.2M), France ($3.54M), Germany ($1.39M), South Korea ($503k), and Vietnam ($381k).

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Exporters of Cobalt Ore (2022 - 2023)

Importers of Cobalt Ore (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 1.77. This means that most of the exports of Cobalt Ore are explained by 3 countries.

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Value of Exports in Cobalt Ore

Net Trade

TOP NET EXPORTER (2023)Democratic Republic of the Congo$67.1M
TOP NET IMPORTER (2023)China$38.9M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Cobalt Ore were Democratic Republic of the Congo ($67.1M), Austria ($11.1M), Italy ($4.77M), Netherlands ($1.02M), and Sweden ($715k).

In 2023, the countries that had a largest trade value in imports than in exports of Cobalt Ore were China ($38.9M), Chinese Taipei ($14.4M), Morocco ($8.56M), France ($5.72M), and United States ($688k).

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 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.

Top 10 Exporters Countries of Cobalt Ore by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALZambia+ $184k
TOP IMPORT POTENTIALAustria+ $438

Cobalt Ore’s highest export potential is Zambia. With an export gap of $184k.  Cobalt Ore’s highest import potential is Austria with an import gap of $438.

See methodology.

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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)

Related Products

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

Country by Relatedness

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

Relative Relatedness by Country (2023)

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