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2022
Exports $158kWorld Rnk 15 / 56
Flag Rnk 1176 / 1213
2022
Destination $41.6k Malaysia
2021 - 2022
FASTEST GROWING MARKET $41.6kSingapore
2022
Imports $3.28MWorld Rnk 6 / 66
Flag Rnk 1085 / 1214
2022
Origin $2.21M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.21MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $158k in Cobalt Ore, making it the 15th largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1176th most exported product in Belgium. The main destination of Cobalt Ore exports from Belgium are: Malaysia ($53.7k), Singapore ($41.6k), Germany ($13.6k), Poland ($13.4k), and China ($12.2k).

The fastest growing export markets for Cobalt Ore of Belgium between 2021 and 2022 were Singapore ($41.6k), Germany ($13.6k), and Poland ($13.4k).

Imports In 2022, Belgium imported $3.28M in Cobalt Ore, becoming the 6th largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1085th most imported product in Belgium. Belgium imports Cobalt Ore primarily from: Germany ($2.21M), Netherlands ($907k), United Kingdom ($144k), France ($26k), and Zambia ($68).

The fastest growing import markets in Cobalt Ore for Belgium between 2021 and 2022 were Germany ($2.21M), United Kingdom ($144k), and France ($26k).

Latest Trends

February 2024

About

Overview In February 2024 Belgium's Cobalt Ore exports accounted up to €49 and imports accounted up to €126k, resulting in a negative trade balance of €126k. Between May 2018 and February 2024 the exports of Belgium's   Cobalt Ore have decreased by €-227k (-100%) from €227k to €49, while imports decreased by €-4.66k (-3.57%) from €130k to €126k.

Destinations In February 2024, Cobalt Ore were exported mostly to , and were imported mostly from .

Growth In February 2024, the decrease in Cobalt Ore's year-by-year exports was explained primarily by a decrease in exports to . In March 2023, the decrease in Cobalt Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2018 - February 2024)€-227k(-100%)
IMPORT GROWTH (June 2021 - March 2023)€-4.66k(-3.57%)
MAIN DESTINATION (February 2024)

This section shows Cobalt Ore's exports and imports data at subnational level for Belgium. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cobalt Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$158k
IMPORTS (2022)$3.28M
NET TRADE (2022)-$3.13M

In 2022, Belgium exported $158k in Cobalt Ore. The main destinations of Belgium exports on Cobalt Ore were Malaysia ($53.7k), Singapore ($41.6k), Germany ($13.6k), Poland ($13.4k), and China ($12.2k).

In 2022, Belgium imported $3.28M in Cobalt Ore, mainly from Germany ($2.21M), Netherlands ($907k), United Kingdom ($144k), France ($26k), and Zambia ($68).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Singapore$41.6k (1%)
Germany$13.6k (1%)
Poland$13.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Ore BY Belgium WERE (2021 - 2022):Turkey-$3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Cobalt Ore were:
Democratic Republic of the Congo $175M
Austria $16M
South Africa $5.57M
In 2022, Belgium's main importing competitors in Cobalt Ore were:
China $134M
Morocco $25.5M
Finland $16.2M

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Trade Value of Cobalt Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $20.6k
TOP IMPORT POTENTIALFrance+ $6.58k

Cobalt Ore’s highest export potential is China. With an export gap of $20.6k.   Cobalt Ore’s highest import potential is France with an import gap of $6.58k.

See methodology.

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