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Exports In 2022, South Korea exported $595k in Cobalt Ore, making it the 10th largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1025th most exported product in South Korea. The main destination of Cobalt Ore exports from South Korea are: Malaysia ($435k), South Africa ($160k), and Netherlands ($88).

The fastest growing export markets for Cobalt Ore of South Korea between 2021 and 2022 were Malaysia ($435k) and South Africa ($19.2k).

Imports In 2022, South Korea imported $110k in Cobalt Ore, becoming the 18th largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1193rd most imported product in South Korea. South Korea imports Cobalt Ore primarily from: United Kingdom ($95.4k), France ($7.09k), United States ($6.84k), Germany ($588), and Democratic Republic of the Congo ($59).

The fastest growing import markets in Cobalt Ore for South Korea between 2021 and 2022 were United Kingdom ($95.4k), United States ($6.75k), and France ($6.66k).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
MAIN DESTINATION (August 2024)

This section shows Cobalt Ore's exports and imports data at subnational level for South Korea. 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)$595k
IMPORTS (2022)$110k
NET TRADE (2022)$485k

In 2022, South Korea exported $595k in Cobalt Ore. The main destinations of South Korea exports on Cobalt Ore were Malaysia ($435k), South Africa ($160k), and Netherlands ($88).

In 2022, South Korea imported $110k in Cobalt Ore, mainly from United Kingdom ($95.4k), France ($7.09k), United States ($6.84k), Germany ($588), and Democratic Republic of the Congo ($59).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Malaysia$435k (1%)
South Africa$19.2k (13.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Ore BY South Korea WERE (2021 - 2022):
Saudi Arabia-$10.8k (-100%)
Netherlands-$793 (-90%)
Chile-$240 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Cobalt Ore were:
In 2022, South Korea'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
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TOP EXPORT POTENTIALChina+ $1.69k
TOP IMPORT POTENTIALDemocratic Republic of the Congo+ $1.59k

Cobalt Ore’s highest export potential is China. With an export gap of $1.69k.   Cobalt Ore’s highest import potential is Democratic Republic of the Congo with an import gap of $1.59k.

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