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2023
Exports $7.81kWorld Rnk 49 / 67
Flag Rnk 1189 / 1212
2023
Destination $5.24k United Kingdom
2022 - 2023
FASTEST GROWING MARKET $5.24kUnited Kingdom
2023
PRODUCT COMPLEXITY IN Cobalt Oxides and Hydroxides-1.74Rnk 978 / 1025
2023
Imports $2.1MWorld Rnk 28 / 118
Flag Rnk 1089 / 1211
2023
Origin $1.22M United States
2022 - 2023
FASTEST GROWING ORIGIN $1.22MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $7.81k in Cobalt Oxides and Hydroxides, making it the 49th largest exporter of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 1189th most exported product in Canada. The main destination of Cobalt Oxides and Hydroxides exports from Canada are: United Kingdom ($5.24k), Denmark ($1.5k), United Arab Emirates ($421), Ireland ($376), and Norway ($162).

The fastest growing export markets for Cobalt Oxides and Hydroxides of Canada between 2022 and 2023 were United Kingdom ($5.24k), Denmark ($1.5k), and United Arab Emirates ($421).

Imports In 2023, Canada imported $2.1M in Cobalt Oxides and Hydroxides, becoming the 28th largest importer of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 1089th most imported product in Canada. Canada imports Cobalt Oxides and Hydroxides primarily from: United States ($1.45M), Belgium ($604k), United Kingdom ($33.7k), China ($8.51k), and Australia ($7.59k).

The fastest growing import markets in Cobalt Oxides and Hydroxides for Canada between 2022 and 2023 were United States ($1.22M), Belgium ($601k), and United Kingdom ($7.38k).

Latest Trends

January 2024

About

Overview In January 2024 Canada's Cobalt Oxides and Hydroxides exports accounted up to C$9.57k and imports accounted up to C$20.7k, resulting in a negative trade balance of C$11.1k. Between August 2014 and January 2024 the exports of Canada's   Cobalt Oxides and Hydroxides have decreased by C$-3.89k (-28.9%) from C$13.5k to C$9.57k, while imports decreased by C$-483k (-95.9%) from C$504k to C$20.7k.

Destinations In January 2024, Cobalt Oxides and Hydroxides were exported mostly to , and were imported mostly from China (C$15.3k), United Kingdom (C$4.91k), and Malaysia (C$402).

Growth In January 2024, the decrease in Cobalt Oxides and Hydroxides's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the decrease in Cobalt Oxides and Hydroxides's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2014 - January 2024)C$-3.89k(-28.9%)
IMPORT GROWTH (December 2023 - December 2024)C$-483k(-95.9%)
MAIN EXPORTER (January 2024)
MAIN DESTINATION (January 2024)

This section shows Cobalt Oxides and Hydroxides's exports and imports data at subnational level for Canada. 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 Oxides and Hydroxides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.81k
IMPORTS (2023)$2.1M
NET TRADE (2023)-$2.1M

In 2023, Canada exported $7.81k in Cobalt Oxides and Hydroxides. The main destinations of Canada exports on Cobalt Oxides and Hydroxides were United Kingdom ($5.24k), Denmark ($1.5k), United Arab Emirates ($421), Ireland ($376), and Norway ($162).

In 2023, Canada imported $2.1M in Cobalt Oxides and Hydroxides, mainly from United States ($1.45M), Belgium ($604k), United Kingdom ($33.7k), China ($8.51k), and Australia ($7.59k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt Oxides and Hydroxides EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United Kingdom$5.24k (1%)
Denmark$1.5k (1%)
United Arab Emirates$421 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Oxides and Hydroxides BY Canada WERE (2022 - 2023):
Netherlands-$188 (-100%)
South Korea-$139 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Cobalt Oxides and Hydroxides were:
Finland $163M
Democratic Republic of the Congo $131M
China $99.3M
In 2023, Canada's main importing competitors in Cobalt Oxides and Hydroxides were:
Belgium $79.5M
South Korea $77.2M
China $73.2M

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Trade Value of Cobalt Oxides and Hydroxides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $659
TOP IMPORT POTENTIALFinland+ $132k

Cobalt Oxides and Hydroxides’s highest export potential is United States. With an export gap of $659.   Cobalt Oxides and Hydroxides’s highest import potential is Finland with an import gap of $132k.

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