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2023
Exports $510kWorld Rnk 9 / 46
Flag Rnk 1194 / 1217
2023
Destination $254k Malaysia
2022 - 2023
FASTEST GROWING MARKET $254kMalaysia
2023
Imports $1.2MWorld Rnk 7 / 62
Flag Rnk 1191 / 1215
2023
Origin $331k Germany
2022 - 2023
FASTEST GROWING ORIGIN $331kGermany
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $510k in Cobalt Ore, making it the 9th largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1194th most exported product in United States. The main destination of Cobalt Ore exports from United States are: Malaysia ($337k), China ($72.2k), Saudi Arabia ($47.3k), Ireland ($31.7k), and Colombia ($7.86k).

The fastest growing export markets for Cobalt Ore of United States between 2022 and 2023 were Malaysia ($254k), China ($72.2k), and Saudi Arabia ($27.4k).

Imports In 2023, United States imported $1.2M in Cobalt Ore, becoming the 7th largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1191st most imported product in United States. United States imports Cobalt Ore primarily from: Germany ($920k), China ($157k), and United Kingdom ($121k).

The fastest growing import markets in Cobalt Ore for United States between 2022 and 2023 were Germany ($331k) and United Kingdom ($121k).

Latest Trends

November 2024

About

Overview In November 2024 United States' Cobalt Ore exports accounted up to $0 and imports accounted up to $38.7k, resulting in a negative trade balance of $38.7k. Between June 2023 and November 2024 the exports of United States'   Cobalt Ore have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-29.3k (-43%) from $68k to $38.7k.

Destinations In November 2024, Cobalt Ore were exported mostly to South Korea ($0), and were imported mostly from Germany ($38.7k), China ($0), and Canada ($0).

Growth In November 2024, the change in Cobalt Ore's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the decrease in Cobalt Ore's year-by-year imports was explained primarily by a decrease in imports from China ($-91.5k or -84.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (November 2023 - November 2024)$-29.3k(-43%)
MAIN EXPORTER (November 2024)New Jersey$31.8k
MAIN DESTINATION (November 2024)South Korea$0

This section shows Cobalt Ore's exports and imports data at subnational level for United States. 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 (2023)$510k
IMPORTS (2023)$1.2M
NET TRADE (2023)-$688k

In 2023, United States exported $510k in Cobalt Ore. The main destinations of United States exports on Cobalt Ore were Malaysia ($337k), China ($72.2k), Saudi Arabia ($47.3k), Ireland ($31.7k), and Colombia ($7.86k).

In 2023, United States imported $1.2M in Cobalt Ore, mainly from Germany ($920k), China ($157k), and United Kingdom ($121k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR United States WERE (2022 - 2023):
Malaysia$254k (307%)
China$72.2k (1%)
Saudi Arabia$27.4k (138%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Ore BY United States WERE (2022 - 2023):
Ireland-$125k (-79.7%)
Germany-$10k (-78.6%)
South Africa-$9.24k (-100%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Cobalt Ore were:
Democratic Republic of the Congo $67.1M
Austria $11.1M
Italy $5.93M
In 2023, United States's main importing competitors in Cobalt Ore were:
China $39.1M
Chinese Taipei $19.9M
Finland $16.7M

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Trade Value of Cobalt Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.34k
TOP IMPORT POTENTIALCanada+ $15.1k

Cobalt Ore’s highest export potential is China. With an export gap of $1.34k.   Cobalt Ore’s highest import potential is Canada with an import gap of $15.1k.

See methodology.

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