Cobalt ores and concentrates260500 (Harmonized System 1992 for 6-digit)
2020 World Trade: $138M, Rnk 3836 / 4613
2020 Top Exporter | Top Importer: $123M | $91.1M, Democratic Republic of the Congo | China
2020 Product Complexity: -1.94, Rnk 4648 / 4783
2019 - 2020 Export Growth (CAGR): -34.2%, Rnk 4357 / 4613
2018 Mean Tariff: 2.22%, Rnk 6199 / 6538
2020 Share of World Trade: 0.00082%, Rnk 3836 / 4613
Overview This page contains the latest trade data of Cobalt ores and concentrates. In 2020, Cobalt ores and concentrates were the world's 3836th most traded product, with a total trade of $138M. Between 2019 and 2020 the exports of Cobalt ores and concentrates decreased by -34.2%, from $210M to $138M. Trade in Cobalt ores and concentrates represent 0.00082% of total world trade.
Cobalt ores and concentrates are a part of Cobalt Ore.
Exports In 2020 the top exporters of Cobalt ores and concentrates were Democratic Republic of the Congo ($123M), Austria ($6.63M), Turkey ($2.98M), Netherlands ($1.36M), and Hong Kong ($1.03M).
Imports In 2020 the top importers of Cobalt ores and concentrates were China ($91.1M), Morocco ($26.1M), United Arab Emirates ($8.86M), Finland ($6.62M), and Belgium ($1.79M).
Tariffs In 2018 the average tariff for Cobalt ores and concentrates was 2.22%, making it the 6199th lowest tariff using the HS6 product classification.
Ranking Cobalt ores and concentrates ranks 4648th in the Product Complexity Index (PCI).
Description Cobalt ores are used as catalysts for the production of polyester, polyvinyl chloride, and other organic chemicals.
The following visualization shows the latest trends on Cobalt ores and concentrates. 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 (2020): Democratic Republic of the Congo, $123M
Top Destination (2020): China, $91.1M
Cobalt ores and concentrates are the world's 3836th most traded product.
In 2020, the top exporters of Cobalt ores and concentrates were Democratic Republic of the Congo ($123M), Austria ($6.63M), Turkey ($2.98M), Netherlands ($1.36M), and Hong Kong ($1.03M).
In 2020, the top importers of Cobalt ores and concentrates were China ($91.1M), Morocco ($26.1M), United Arab Emirates ($8.86M), Finland ($6.62M), and Belgium ($1.79M).
Trade by country
Top Origin Growth (2019 - 2020): Turkey, $2.96M
Top Destination Growth (2019 - 2020): Chinese Taipei, $934k
Between 2019 and 2020, the exports of Cobalt ores and concentrates grew the fastest in Turkey ($2.96M), Hong Kong ($857k), India ($72.6k), Slovakia ($49.9k), and Australia ($10.3k).
Between 2019 and 2020, the fastest growing importers of Cobalt ores and concentrates were Chinese Taipei ($934k), Belgium ($565k), Hong Kong ($530k), Mauritius ($89.4k), and Saudi Arabia ($22k).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Cobalt ores and concentrates.
In 2020, market concentration measured using Shannon Entropy, was 0.81. This means that most of the exports of Cobalt ores and concentrates are explained by 1 countries.
TOP NET EXPORTER (2020): Democratic Republic of the Congo, $123M
TOP NET IMPORTER (2020): China, $90.1M
This map shows which countries export or import more of Cobalt ores and concentrates. Each country is colored based on the difference in exports and imports of Cobalt ores and concentrates during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Cobalt ores and concentrates were Democratic Republic of the Congo ($123M), Austria ($6.63M), Turkey ($2.97M), Netherlands ($1.36M), and Germany ($255k).
In 2020, the countries that had a largest trade value in imports than in exports of Cobalt ores and concentrates were China ($90.1M), Morocco ($26.1M), Finland ($6.62M), Chinese Taipei ($907k), and Spain ($148k).
This visualization shows the countries that have an important ratio of their trade related to Cobalt ores and concentrates. It is possible to select the main countries that export or import Cobalt ores and concentrates 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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