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Exports In 2023, Malaysia exported $1.31M in Cobalt Ore, making it the 6th largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 925th most exported product in Malaysia. The main destination of Cobalt Ore exports from Malaysia are: South Korea ($603k), Vietnam ($381k), China ($259k), India ($62.2k), and Singapore ($1.89k).

The fastest growing export markets for Cobalt Ore of Malaysia between 2022 and 2023 were South Korea ($603k), Vietnam ($381k), and China ($238k).

Imports In 2023, Malaysia imported $608k in Cobalt Ore, becoming the 10th largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1101st most imported product in Malaysia. Malaysia imports Cobalt Ore primarily from: United States ($337k), Mexico ($218k), Australia ($17.8k), Japan ($13.4k), and Belgium ($13.2k).

The fastest growing import markets in Cobalt Ore for Malaysia between 2022 and 2023 were United States ($254k), Mexico ($218k), and Singapore ($8.14k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cobalt Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.31M
IMPORTS (2023)$608k
NET TRADE (2023)$698k

In 2023, Malaysia exported $1.31M in Cobalt Ore. The main destinations of Malaysia exports on Cobalt Ore were South Korea ($603k), Vietnam ($381k), China ($259k), India ($62.2k), and Singapore ($1.89k).

In 2023, Malaysia imported $608k in Cobalt Ore, mainly from United States ($337k), Mexico ($218k), Australia ($17.8k), Japan ($13.4k), and Belgium ($13.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
South Korea$603k (1%)
Vietnam$381k (1%)
China$238k (1.16k%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Malaysia's main exporting competitors in Cobalt Ore were:
In 2023, Malaysia's main importing competitors in Cobalt Ore were:

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Trade Value of Cobalt Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $19.2k
TOP IMPORT POTENTIALChina+ $3.08k

Cobalt Ore’s highest export potential is China. With an export gap of $19.2k.   Cobalt Ore’s highest import potential is China with an import gap of $3.08k.

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