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2022
Exports $43.6kWorld Rnk 24 / 56
Flag Rnk 1175 / 1213
2022
Destination $43.2k Malaysia
2021 - 2022
FASTEST GROWING MARKET $43.2kMalaysia
2022
Imports $119kWorld Rnk 16 / 66
Flag Rnk 1167 / 1211
2022
Origin $69k Germany
2021 - 2022
FASTEST GROWING ORIGIN $69kGermany
2022
ECONOMIC COMPLEXITY of Turkey0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $43.6k in Cobalt Ore, making it the 24th largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1175th most exported product in Turkey. The main destination of Cobalt Ore exports from Turkey are: Malaysia ($43.2k), Netherlands ($268), France ($86), and Liberia ($46).

The fastest growing export markets for Cobalt Ore of Turkey between 2021 and 2022 were Malaysia ($43.2k), Netherlands ($268), and France ($86).

Imports In 2022, Turkey imported $119k in Cobalt Ore, becoming the 16th largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1167th most imported product in Turkey. Turkey imports Cobalt Ore primarily from: Germany ($69k), United Kingdom ($49.9k), South Africa ($29), Switzerland ($28), and China ($24).

The fastest growing import markets in Cobalt Ore for Turkey between 2021 and 2022 were Germany ($69k), United Kingdom ($49.9k), and South Africa ($29).

Latest Trends

Sep 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 (2022)$43.6k
IMPORTS (2022)$119k
NET TRADE (2022)-$75.3k

In 2022, Turkey exported $43.6k in Cobalt Ore. The main destinations of Turkey exports on Cobalt Ore were Malaysia ($43.2k), Netherlands ($268), France ($86), and Liberia ($46).

In 2022, Turkey imported $119k in Cobalt Ore, mainly from Germany ($69k), United Kingdom ($49.9k), South Africa ($29), Switzerland ($28), and China ($24).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Malaysia$43.2k (1%)
Netherlands$268 (1%)
France$86 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Ore BY Turkey WERE (2021 - 2022):Germany-$13 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Cobalt Ore were:
Democratic Republic of the Congo $175M
Austria $16M
South Africa $5.57M
In 2022, Turkey'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+ $1.01k
TOP IMPORT POTENTIALDemocratic Republic of the Congo+ $1.27k

Cobalt Ore’s highest export potential is China. With an export gap of $1.01k.   Cobalt Ore’s highest import potential is Democratic Republic of the Congo with an import gap of $1.27k.

See methodology.

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