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260500 (Harmonized System 1992 for 6-digit)

2022
World Trade $208MRnk 3688 / 4648
2022
Top Exporter | Top Importer $175M | $134MDemocratic Republic of the Congo | China
2022
Product Complexity -2.52Rnk 4614 / 4653
2021 - 2022
Export Growth (CAGR) 80.5%Rnk 76 / 4648
2022
Share of World Trade 0.00088%Rnk 3688 / 4648

About

Overview This page contains the latest trade data of Cobalt ores and concentrates. In 2022, Cobalt ores and concentrates were the world's 3688th most traded product, with a total trade of $208M. Between 2021 and 2022 the exports of Cobalt ores and concentrates grew by 80.5%, from $115M to $208M. Trade in Cobalt ores and concentrates represent 0.00088% of total world trade.

Cobalt ores and concentrates are a part of Cobalt Ore.

Exports In 2022 the top exporters of Cobalt ores and concentrates  were Democratic Republic of the Congo ($175M), Austria ($16M), South Africa ($5.57M), Germany ($3.15M), and Italy ($2.17M).

Imports In 2022 the top importers of Cobalt ores and concentrates were China ($134M), Morocco ($25.5M), Finland ($16.2M), Chinese Taipei ($15.7M), and Spain ($5.54M).

Ranking Cobalt ores and concentrates ranks 4614th in the Product Complexity Index (PCI).

Description Cobalt ores are used as catalysts for the production of polyester, polyvinyl chloride, and other organic chemicals.

Latest Trends

Latest Data

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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.

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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 (2022)Democratic Republic of the Congo$175M
Top Destination (2022)China$134M

In 2022 Cobalt ores and concentrates were the world's 3688th most traded product (out of 4,648).

In 2022, the top exporters of Cobalt ores and concentrates were Democratic Republic of the Congo ($175M), Austria ($16M), South Africa ($5.57M), Germany ($3.15M), and Italy ($2.17M).

In 2022, the top importers of Cobalt ores and concentrates were China ($134M), Morocco ($25.5M), Finland ($16.2M), Chinese Taipei ($15.7M), and Spain ($5.54M).

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Exporters of Cobalt ores and concentrates (2022)
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Importers of Cobalt ores and concentrates (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Democratic Republic of the Congo$86.5M
Top Destination Growth (2021 -  2022)China$55.7M

Between 2021 and 2022, the exports of Cobalt ores and concentrates grew the fastest in Democratic Republic of the Congo ($86.5M), South Africa ($5.31M), Germany ($1.42M), Sweden ($880k), and Italy ($854k).

Between 2021 and 2022, the fastest growing importers of Cobalt ores and concentrates were China ($55.7M), Morocco ($25.5M), Chinese Taipei ($8.22M), Spain ($5.1M), and Belgium ($2.27M).

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Exporters of Cobalt ores and concentrates (2021 - 2022)

Importers of Cobalt ores and concentrates (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cobalt ores and concentrates.

In 2022, market concentration measured using Shannon Entropy, was 1.05. This means that most of the exports of Cobalt ores and concentrates are explained by 2 countries.

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Value of Exports in Cobalt ores and concentrates

Net Trade

TOP NET EXPORTER (2022)Democratic Republic of the Congo$175M
TOP NET IMPORTER (2022)China$133M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Cobalt ores and concentrates were Democratic Republic of the Congo ($175M), Austria ($15.9M), South Africa ($5.39M), Germany ($3.03M), and Italy ($1.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Cobalt ores and concentrates were China ($133M), Morocco ($25.5M), Finland ($16.2M), Chinese Taipei ($15.6M), and Spain ($5.49M).

Net Trade (2022)

Country Comparison

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Ranking

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.

Top 10 Exporters Countries of Cobalt ores and concentrates 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)

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