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2022
Exports $267kWorld Rnk 11 / 56
Flag Rnk 1204 / 1217
2022
Destination $115k Ireland
2021 - 2022
FASTEST GROWING MARKET $115kIreland
2022
Imports $1.55MWorld Rnk 8 / 66
Flag Rnk 1189 / 1216
2022
Origin $774k Russia
2021 - 2022
FASTEST GROWING ORIGIN $774kRussia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $267k in Cobalt Ore, making it the 11th largest exporter of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1204th most exported product in United States. The main destination of Cobalt Ore exports from United States are: Ireland ($156k), Malaysia ($82.6k), Germany ($12.1k), South Africa ($9.24k), and South Korea ($6.84k).

The fastest growing export markets for Cobalt Ore of United States between 2021 and 2022 were Ireland ($115k), Malaysia ($82.6k), and South Africa ($9.24k).

Imports In 2022, United States imported $1.55M in Cobalt Ore, becoming the 8th largest importer of Cobalt Ore in the world. At the same year, Cobalt Ore was the 1189th most imported product in United States. United States imports Cobalt Ore primarily from: Russia ($774k), Germany ($589k), China ($161k), and Canada ($28.7k).

The fastest growing import markets in Cobalt Ore for United States between 2021 and 2022 were Russia ($774k), Germany ($461k), and Canada ($28.7k).

Latest Trends

September 2024

About

Overview In September 2024 United States' Cobalt Ore exports accounted up to $0 and imports accounted up to $39.7k, resulting in a negative trade balance of $39.7k. Between April 2023 and September 2024 the exports of United States'   Cobalt Ore have decreased by $-20k (-100%) from $20k to $0, while imports decreased by $-251k (-86.3%) from $291k to $39.7k.

Destinations In September 2024, Cobalt Ore were exported mostly to South Korea ($0), and were imported mostly from Germany ($39.7k), China ($0), and Canada ($0).

Growth In September 2024, the decrease in Cobalt Ore's year-by-year exports was explained primarily by a decrease in exports to . In September 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
EXPORT GROWTH (April 2023 - September 2024)$-20k(-100%)
IMPORT GROWTH (September 2023 - September 2024)$-251k(-86.3%)
MAIN EXPORTER (September 2024)New Jersey$31.8k
MAIN DESTINATION (September 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 (2022)$267k
IMPORTS (2022)$1.55M
NET TRADE (2022)-$1.28M

In 2022, United States exported $267k in Cobalt Ore. The main destinations of United States exports on Cobalt Ore were Ireland ($156k), Malaysia ($82.6k), Germany ($12.1k), South Africa ($9.24k), and South Korea ($6.84k).

In 2022, United States imported $1.55M in Cobalt Ore, mainly from Russia ($774k), Germany ($589k), China ($161k), and Canada ($28.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Ore EXPORT MARKETS FOR United States WERE (2021 - 2022):
Ireland$115k (276%)
Malaysia$82.6k (1%)
South Africa$9.24k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Ore BY United States WERE (2021 - 2022):
United Kingdom-$17.5k (-100%)
Saudi Arabia-$11.6k (-100%)
Netherlands-$360 (-54.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Cobalt Ore were:
Democratic Republic of the Congo $175M
Austria $16M
South Africa $5.57M
In 2022, United States'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+ $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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