Cobalt Ore in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $173k in Cobalt Ore, making it the 14th largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1208th most exported product in China. The main destination of Cobalt Ore exports from China are: United States ($161k), United Kingdom ($5.21k), Malaysia ($3.7k), Kuwait ($1.1k), and Switzerland ($643).

The fastest growing export markets for Cobalt Ore of China between 2021 and 2022 were Malaysia ($3.7k), Kuwait ($1.1k), and Switzerland ($477).

Imports In 2022, China imported $134M in Cobalt Ore, becoming the 1st largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 593rd most imported product in China. China imports Cobalt Ore primarily from: Democratic Republic of the Congo ($133M), Zambia ($159k), Tanzania ($47.3k), United Kingdom ($35k), and France ($31.2k).

The fastest growing import markets in Cobalt Ore for China between 2021 and 2022 were Democratic Republic of the Congo ($56.3M), Zambia ($97.6k), and France ($31.2k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Cobalt Ore from China to the United States.

Latest Trends

December 2023

About

Overview In December 2023 China's Cobalt Ore exports accounted up to $210 and imports accounted up to $239, resulting in a negative trade balance of $29. Between March 2022 and December 2023 the exports of China's Cobalt Ore have increased by $145 (223%) from $65 to $210, while imports decreased by $-4.54M (-100%) from $4.54M to $239.

Destinations In December 2023, Cobalt Ore were exported mostly to , and were imported mostly from .

Growth In December 2023, the increase in Cobalt Ore's year-by-year exports was explained primarily by an increase in exports to . In January 2024, the decrease in Cobalt Ore's year-by-year imports was explained primarily by a decrease in imports from Democratic Republic of the Congo ($-22.2M or -98.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2022 - December 2023)$145(223%)

IMPORT GROWTH (November 2022 - January 2024)$-4.54M(-100%)

MAIN EXPORTER (December 2023)

MAIN DESTINATION (December 2023)

This section shows Cobalt Ore's exports and imports data at subnational level for China. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$173k

IMPORTS (2022)$134M

NET TRADE (2022)-$133M

In 2022, China exported $173k in Cobalt Ore. The main destinations of China exports on Cobalt Ore were United States ($161k), United Kingdom ($5.21k), Malaysia ($3.7k), Kuwait ($1.1k), and Switzerland ($643).

In 2022, China imported $134M in Cobalt Ore, mainly from Democratic Republic of the Congo ($133M), Zambia ($159k), Tanzania ($47.3k), United Kingdom ($35k), and France ($31.2k).

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