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Pricing

2022
Exports $173kWorld Rnk 14 / 56
Flag Rnk 4457 / 4606
2022
Destination $3.7kN/A
2021 - 2022
FASTEST GROWING MARKET $3.7kMalaysia
2022
Imports $134MWorld Rnk 1 / 66
Flag Rnk 1014 / 4539
2022
Origin $56.3M Democratic Republic of the Congo
2021 - 2022
FASTEST GROWING ORIGIN $56.3MDemocratic Republic of the Congo
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

The fastest growing export markets for Cobalt ores and concentrates of China between 2021 and 2022 were Malaysia ($3.7k), Kuwait ($1.1k), and Switzerland ($477).

Imports In 2022, China imported $134M in Cobalt ores and concentrates, becoming the 1st largest importer of Cobalt ores and concentrates in the world. At the same year, Cobalt ores and concentrates was the 1014th most imported product in China. China imports Cobalt ores and concentrates primarily from: Democratic Republic of the Congo ($133M), Zambia ($159k), Tanzania ($47.3k), United Kingdom ($35k), and France ($31.2k).

The fastest growing import markets in Cobalt ores and concentrates for China between 2021 and 2022 were Democratic Republic of the Congo ($56.3M), Zambia ($97.6k), and France ($31.2k).

COMPANIES In 2023, leading companies such as CrimsonLogic (98.6k), IKEA Group (48.7k), and Itourscm (19.1k) were at the forefront of shipping Cobalt ores and concentrates from China to the United States.

Latest Trends

December 2023

About

Overview In December 2023 China's Cobalt ores and concentrates exports accounted up to $210 and imports accounted up to $1.42k, resulting in a negative trade balance of $1.21k. Between March 2022 and December 2023 the exports of China's   Cobalt ores and concentrates have increased by $145 (223%) from $65 to $210, while imports decreased by $-2.86M (-100%) from $2.86M to $1.42k.

Destinations In December 2023, Cobalt ores and concentrates were exported mostly to , and were imported mostly from South Africa ($1.42k).

Growth In December 2023, the increase in Cobalt ores and concentrates's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Cobalt ores and concentrates's year-by-year imports was explained primarily by a decrease in imports from Democratic Republic of the Congo ($-22.2M or -98.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2022 - December 2023)$145(223%)
IMPORT GROWTH (March 2023 - July 2024)$-2.86M(-100%)
MAIN EXPORTER (December 2023)
MAIN DESTINATION (December 2023)

This section shows Cobalt ores and concentrates's exports and imports data at subnational level for China. 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 ores and concentrates over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Cobalt ores and concentrates throughout time. Products without a clear unit are excluded.

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$173k
IMPORTS (2022)$134M
NET TRADE (2022)-$133M

In 2022, China imported $134M in Cobalt ores and concentrates, mainly from Democratic Republic of the Congo ($133M), Zambia ($159k), Tanzania ($47.3k), United Kingdom ($35k), and France ($31.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt ores and concentrates EXPORT MARKETS FOR China WERE (2021 - 2022):
Malaysia$3.7k (1%)
Kuwait$1.1k (1%)
Switzerland$477 (287%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt ores and concentrates BY China WERE (2021 - 2022):
United States-$201k (-55.5%)
United Kingdom-$73.1k (-93.3%)
Hong Kong-$3.97k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Cobalt ores and concentrates were:
Democratic Republic of the Congo $175M
Austria $16M
South Africa $5.57M
In 2022, China's main importing competitors in Cobalt ores and concentrates were:
Morocco $25.5M
Finland $16.2M

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Trade Value of Cobalt ores and concentrates by Exporters

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