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2022
Exports $173kWorld Rnk 14 / 56
Flag Rnk 1208 / 1216
2022
Destination $3.7k United States
2021 - 2022
FASTEST GROWING MARKET $3.7kMalaysia
2022
Imports $134MWorld Rnk 1 / 66
Flag Rnk 593 / 1212
2022
Origin $56.3M Democratic Republic of the Congo
2021 - 2022
FASTEST GROWING ORIGIN $56.3MDemocratic Republic of the Congo
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

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).

Latest Trends

September 2024

About

Overview In September 2024 China's Cobalt Ore exports accounted up to $702 and imports accounted up to $2.2k, resulting in a negative trade balance of $1.5k. Between April 2022 and September 2024 the exports of China's   Cobalt Ore have increased by $686 (4.29k%) from $16 to $702, while imports decreased by $-19.5M (-100%) from $19.5M to $2.2k.

Destinations In September 2024, Cobalt Ore were exported mostly to South Korea ($702), and were imported mostly from .

Growth In September 2024, the increase in Cobalt Ore's year-by-year exports was explained primarily by an increase in exports to . In August 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
Flow
Color
EXPORT GROWTH (April 2022 - September 2024)$686(4.29k%)
IMPORT GROWTH (April 2023 - August 2024)$-19.5M(-100%)
MAIN EXPORTER (September 2024)Guangdong Province$702
MAIN DESTINATION (September 2024)South Korea$702

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR China WERE (2021 - 2022):
Malaysia$3.7k (1%)
Kuwait$1.1k (1%)
Switzerland$477 (287%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Ore BY China WERE (2021 - 2022):
United States-$201k (-55.5%)
United Kingdom-$73.1k (-93.3%)
Hong Kong-$3.97k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Cobalt Ore were:
Democratic Republic of the Congo $175M
Austria $16M
South Africa $5.57M
In 2022, China's main importing competitors in Cobalt Ore were:
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 POTENTIALMalaysia+ $3.08k
TOP IMPORT POTENTIALZambia+ $123k

Cobalt Ore’s highest export potential is Malaysia. With an export gap of $3.08k.   Cobalt Ore’s highest import potential is Zambia with an import gap of $123k.

See methodology.

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