HS Icon Cobalt Oxides and Hydroxides

2822 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Cobalt Oxides and Hydroxides. In 2019, Cobalt Oxides and Hydroxides were the world's 977th most traded product, with a total trade of $668M. Between 2018 and 2019 the exports of Cobalt Oxides and Hydroxides decreased by -55.7%, from $1.51B to $668M. Trade in Cobalt Oxides and Hydroxides represent 0.0037% of total world trade.

Exports In 2019 the top exporters of Cobalt Oxides and Hydroxides  were China ($202M), Finland ($191M), Belgium ($87.4M), Democratic Republic of the Congo ($75.6M), and United Kingdom ($27.4M).

Imports In 2019 the top importers of Cobalt Oxides and Hydroxides were South Korea ($236M), Zambia ($68.2M), Spain ($54.4M), United States ($46.8M), and China ($42.2M).

Tariffs In 2018 the average tariff for Cobalt Oxides and Hydroxides was 3.66%, making it the 1056th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Cobalt Oxides and Hydroxides are Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Cobalt Oxides and Hydroxides ranks 579th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $202M

Top Destination (2019): South Korea, $236M

Cobalt Oxides and Hydroxides are the world's 977th most traded product.

In 2019, the top exporters of Cobalt Oxides and Hydroxides were China ($202M), Finland ($191M), Belgium ($87.4M), Democratic Republic of the Congo ($75.6M), and United Kingdom ($27.4M).

In 2019, the top importers of Cobalt Oxides and Hydroxides were South Korea ($236M), Zambia ($68.2M), Spain ($54.4M), United States ($46.8M), and China ($42.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Democratic Republic of the Congo, $18.2M

Top Destination Growth (2018 - 2019): Zambia, $68.2M

Between 2018 and 2019, the exports of Cobalt Oxides and Hydroxides grew the fastest in Democratic Republic of the Congo ($18.2M), Malaysia ($5.83M), France ($3.42M), Germany ($2.12M), and South Korea ($2.05M).

Between 2018 and 2019, the fastest growing importers of Cobalt Oxides and Hydroxides were Zambia ($68.2M), Malaysia ($5.34M), Turkey ($3.83M), Saudi Arabia ($3.08M), and Mexico ($3M).

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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 Oxides and Hydroxides.

In 2019,  market concentration measured using Shannon Entropy, was 2.83. This means that most of the exports of Cobalt Oxides and Hydroxides are explained by 7 countries.

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TOP NET EXPORTER (2019): Finland, $191M

TOP NET IMPORTER (2019): South Korea, $224M

This map shows which countries export or import more of Cobalt Oxides and Hydroxides. Each country is colored based on the difference in exports and imports of Cobalt Oxides and Hydroxides during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Cobalt Oxides and Hydroxides were Finland ($191M), China ($160M), Belgium ($83.8M), Democratic Republic of the Congo ($75.6M), and United Kingdom ($23.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Cobalt Oxides and Hydroxides were South Korea ($224M), Zambia ($68M), Spain ($51.7M), United States ($43M), and Germany ($31.5M).

Disaggregation

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Value

In 2019, the world most traded Cobalt Oxides and Hydroxides, disaggragated by their HS6 level were Cobalt oxides and hydroxides ($668M)

Import Tariffs

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In 2018, the average tariff for importing Cobalt Oxides and Hydroxides was 3.66%. The countries with the highest tariffs for importing Cobalt Oxides and Hydroxides were Bahamas (40.2%), Bermuda (25%), Romania (17.2%), Maldives (14.7%), and Algeria (12.2%).

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 Oxides and Hydroxides to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.