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2022
Exports $946kWorld Rnk 7 / 56
Flag Rnk 1117 / 1216
2022
Destination $144k Ireland
2021 - 2022
FASTEST GROWING MARKET $144kBelgium
2022
Imports $114kWorld Rnk 17 / 66
Flag Rnk 1204 / 1214
2022
Origin $60.6k Zambia
2021 - 2022
FASTEST GROWING ORIGIN $60.6kZambia
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $946k in Cobalt Ore, making it the 7th largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1117th most exported product in United Kingdom. The main destination of Cobalt Ore exports from United Kingdom are: Ireland ($148k), Belgium ($144k), Netherlands ($113k), South Korea ($95.4k), and Italy ($85.1k).

The fastest growing export markets for Cobalt Ore of United Kingdom between 2021 and 2022 were Belgium ($144k), Netherlands ($110k), and South Korea ($95.4k).

Imports In 2022, United Kingdom imported $114k in Cobalt Ore, becoming the 17th largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1204th most imported product in United Kingdom. United Kingdom imports Cobalt Ore primarily from: Zambia ($60.6k), Netherlands ($45.9k), China ($5.21k), and Canada ($2.09k).

The fastest growing import markets in Cobalt Ore for United Kingdom between 2021 and 2022 were Zambia ($60.6k), Netherlands ($45.9k), and Canada ($2.09k).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Cobalt Ore exports accounted up to £1.68k and imports accounted up to £12.8k, resulting in a negative trade balance of £11.2k. Between September 2023 and September 2024 the exports of United Kingdom's   Cobalt Ore have decreased by £-3.18k (-65.5%) from £4.85k to £1.68k, while imports increased by £7.78k (154%) from £5.07k to £12.8k.

Destinations In September 2024, Cobalt Ore were exported mostly to India (£1.68k), and were imported mostly from .

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-3.18k(-65.5%)
IMPORT GROWTH (August 2020 - March 2024)£7.78k(154%)
MAIN EXPORTER (September 2024)Dover Eurotunnel£36.4k
MAIN DESTINATION (September 2024)India£1.68k

This section shows Cobalt Ore's exports and imports data at subnational level for United Kingdom. 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)$946k
IMPORTS (2022)$114k
NET TRADE (2022)$832k

In 2022, United Kingdom exported $946k in Cobalt Ore. The main destinations of United Kingdom exports on Cobalt Ore were Ireland ($148k), Belgium ($144k), Netherlands ($113k), South Korea ($95.4k), and Italy ($85.1k).

In 2022, United Kingdom imported $114k in Cobalt Ore, mainly from Zambia ($60.6k), Netherlands ($45.9k), China ($5.21k), and Canada ($2.09k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Belgium$144k (1%)
Netherlands$110k (3.78k%)
South Korea$95.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Ore BY United Kingdom WERE (2021 - 2022):
United States-$59.2k (-100%)
Slovakia-$22.4k (-77.7%)
China-$14.7k (-29.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Cobalt Ore were:
Democratic Republic of the Congo $175M
Austria $16M
South Africa $5.57M
In 2022, United Kingdom'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+ $62.3k
TOP IMPORT POTENTIALDemocratic Republic of the Congo+ $1.21k

Cobalt Ore’s highest export potential is China. With an export gap of $62.3k.   Cobalt Ore’s highest import potential is Democratic Republic of the Congo with an import gap of $1.21k.

See methodology.

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