HS Icon Cobalt

Cobalt; mattes and other intermediate products of cobalt metallurgy, cobalt and articles thereof, including waste and scrap

8105 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Cobalt. In 2020, Cobalt were the world's 476th most traded product, with a total trade of $4.96B. Between 2019 and 2020 the exports of Cobalt grew by 0.81%, from $4.93B to $4.96B. Trade in Cobalt represent 0.03% of total world trade.

Cobalt are a part of Metals; n.e.s., cermets and articles thereof. They include Cobalt, unwrought, matte, waste or scrap, powders and Cobalt, articles thereof, nes.

Exports In 2020 the top exporters of Cobalt  were Democratic Republic of the Congo ($2.36B), Canada ($300M), United States ($261M), Norway ($249M), and Finland ($199M).

Imports In 2020 the top importers of Cobalt were China ($2.6B), United States ($381M), Japan ($327M), Netherlands ($322M), and Singapore ($174M).

Ranking Cobalt ranks 945th in the Product Complexity Index (PCI).

Description Cobalt is a metal that is used in the production of batteries, catalysts, and other products. Cobalt waste and scrap are byproducts of the production of cobalt.

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The following visualization shows the latest trends on Cobalt. 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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Democratic Republic of the Congo, $2.36B

Top Destination (2020): China, $2.6B

Cobalt are the world's 476th most traded product.

In 2020, the top exporters of Cobalt were Democratic Republic of the Congo ($2.36B), Canada ($300M), United States ($261M), Norway ($249M), and Finland ($199M).

In 2020, the top importers of Cobalt were China ($2.6B), United States ($381M), Japan ($327M), Netherlands ($322M), and Singapore ($174M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Democratic Republic of the Congo, $413M

Top Destination Growth (2019 - 2020): China, $476M

Between 2019 and 2020, the exports of Cobalt grew the fastest in Democratic Republic of the Congo ($413M), Norway ($68.1M), Turkey ($52.9M), Malaysia ($43M), and Netherlands ($28M).

Between 2019 and 2020, the fastest growing importers of Cobalt were China ($476M), Singapore ($116M), Finland ($20.3M), Slovakia ($11.5M), and Chinese Taipei ($10.8M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Cobalt are explained by 9 countries.

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TOP NET EXPORTER (2020): Democratic Republic of the Congo, $2.36B

TOP NET IMPORTER (2020): China, $2.53B

This map shows which countries export or import more of Cobalt. Each country is colored based on the difference in exports and imports of Cobalt during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Cobalt were Democratic Republic of the Congo ($2.36B), Canada ($263M), Norway ($175M), Finland ($169M), and Australia ($143M).

In 2020, the countries that had a largest trade value in imports than in exports of Cobalt were China ($2.53B), Japan ($190M), Netherlands ($186M), Singapore ($145M), and United States ($121M).

Disaggregation

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Value

In 2020, the world most traded Cobalt, disaggragated by their HS6 level were Cobalt, unwrought, matte, waste or scrap,... ($4.22B) and Cobalt, articles thereof, nes ($747M)

Country Comparison

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Ranking

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

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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