HS Icon Cobalt

8105 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.87B, Rnk 392 / 1225

Top Exporter (2018): $3.38B, Democratic Republic of the Congo

Top Importer (2018): $3.66B, China

Product Complexity (2018): -1.45, Rnk 930 / 1018

Export Growth (CAGR)(2017 - 2018): 51.6%, Rnk 65 / 1225

Mean Tariff (2018): 3.02%, Rnk 1133 / 1259

Share of World Trade (2018): 0.043%, Rnk 392 / 1225

Overview:  This page contains the latest trade data of Cobalt. In 2018, Cobalt were the world's 392nd most traded product, with a total trade of $7.87B. Between 2017 and 2018 the exports of Cobalt grew by 51.6%, from  $5.19B to $7.87B. Trade in Cobalt represent 0.043% of total world trade.

Exports: In 2018 the top exporters of Cobalt  were Democratic Republic of the Congo ($3.38B), Finland ($518M), Canada ($444M), Norway ($379M), and China ($342M).

Imports: In 2018 the top importers of Cobalt were China ($3.66B), Japan ($811M), Netherlands ($727M), United States ($708M), and Germany ($237M).

Tariffs: In 2018 the average tariff for Cobalt was 3.02%, been the 1133 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cobalt are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Nepal (14.8%), and Panama (13.3%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Cobalt ranks 930th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Democratic Republic of the Congo, $3.38B

Top Destination (2018): China, $3.66B

Cobalt are the world's 392nd most traded product.

In 2018, the top exporters of Cobalt were Democratic Republic of the Congo ($3.38B), Finland ($518M), Canada ($444M), Norway ($379M), and China ($342M).

In 2018, the top importers of Cobalt were China ($3.66B), Japan ($811M), Netherlands ($727M), United States ($708M), and Germany ($237M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Democratic Republic of the Congo, $1.49B

Top Destination Growth (2017 - 2018): China, $1.43B

Between 2017 and 2018, the exports of Cobalt grew the fastest in Democratic Republic of the Congo ($1.49B), China ($184M), Finland ($179M), Russia ($165M), and Madagascar ($90.8M).

Between 2017 and 2018, the fastest growing importers of Cobalt were China ($1.43B), Netherlands ($586M), Japan ($217M), Belgium-Luxembourg ($135M), and United States ($48.6M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.42. This means that most of the exports of Cobalt are explained by 10 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Democratic Republic of the Congo, $3.38B

TOP NET IMPORTER (2018): China, $3.32B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Cobalt were Democratic Republic of the Congo ($3.38B), Finland ($493M), Canada ($341M), Norway ($329M), and Russia ($278M).

In 2018, the countries that had a largest trade value in imports than in exports of Cobalt were China ($3.32B), Netherlands ($623M), Japan ($561M), United States ($384M), and South Korea ($130M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Cobalt. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Cobalt was 3.02%.  The countries with the highest tariffs for importing Cobalt were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Nepal (14.8%), and Panama (13.3%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.