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2022
Exports $283MWorld Rnk 2 / 61
Flag Rnk 695 / 1216
2022
Destination $21.6M South Korea
2021 - 2022
FASTEST GROWING MARKET $21.6MSouth Korea
2022
PRODUCT COMPLEXITY IN Cobalt Oxides and Hydroxides-1.68Rnk 970 / 1025
2022
Imports $74.1MWorld Rnk 12 / 119
Flag Rnk 709 / 1212
2022
Origin $55.8M South Africa
2021 - 2022
FASTEST GROWING ORIGIN $55.8MSouth Africa
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $283M in Cobalt Oxides and Hydroxides, making it the 2nd largest exporter of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 695th most exported product in China. The main destination of Cobalt Oxides and Hydroxides exports from China are: South Korea ($177M), Spain ($26M), Netherlands ($17.7M), Belgium ($9.2M), and Japan ($7.88M).

The fastest growing export markets for Cobalt Oxides and Hydroxides of China between 2021 and 2022 were South Korea ($21.6M), Brazil ($4.06M), and United Arab Emirates ($2.57M).

Imports In 2022, China imported $74.1M in Cobalt Oxides and Hydroxides, becoming the 12th largest importer of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 709th most imported product in China. China imports Cobalt Oxides and Hydroxides primarily from: South Africa ($56.4M), South Korea ($3.38M), Hong Kong ($3.38M), China ($3.17M), and Namibia ($2.35M).

The fastest growing import markets in Cobalt Oxides and Hydroxides for China between 2021 and 2022 were South Africa ($55.8M), South Korea ($2.98M), and Finland ($1.73M).

Latest Trends

July 2024

About

Overview In July 2024 China's Cobalt Oxides and Hydroxides exports accounted up to $9.68M and imports accounted up to $218k, resulting in a positive trade balance of $9.46M. Between July 2023 and July 2024 the exports of China's   Cobalt Oxides and Hydroxides have decreased by $-2.64M (-21.4%) from $12.3M to $9.68M, while imports decreased by $-192k (-46.7%) from $410k to $218k.

Destinations In July 2024, Cobalt Oxides and Hydroxides were exported mostly to South Korea ($6.06M), Spain ($620k), Netherlands ($505k), Turkey ($360k), and Chinese Taipei ($348k), and were imported mostly from Finland ($136k), United States ($41.2k), China ($34.5k), Japan ($5k), and South Korea ($1.07k).

Growth In July 2024, the decrease in Cobalt Oxides and Hydroxides's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-14.1M or -57.8%), Japan ($-902k or -78.8%), and United Arab Emirates ($-395k or -77.3%). In July 2024, the decrease in Cobalt Oxides and Hydroxides's year-by-year imports was explained primarily by a decrease in imports from Belgium ($-282k or -96.6%) and South Korea ($-1.6k or -5.98%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.64M(-21.4%)
IMPORT GROWTH (July 2023 - July 2024)$-192k(-46.7%)
MAIN EXPORTER (July 2024)Jiangsu Province$4.82M
MAIN DESTINATION (July 2024)South Korea$6.06M

This section shows Cobalt Oxides and Hydroxides'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 Oxides and Hydroxides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$283M
IMPORTS (2022)$74.1M
NET TRADE (2022)$208M

In 2022, China exported $283M in Cobalt Oxides and Hydroxides. The main destinations of China exports on Cobalt Oxides and Hydroxides were South Korea ($177M), Spain ($26M), Netherlands ($17.7M), Belgium ($9.2M), and Japan ($7.88M).

In 2022, China imported $74.1M in Cobalt Oxides and Hydroxides, mainly from South Africa ($56.4M), South Korea ($3.38M), Hong Kong ($3.38M), China ($3.17M), and Namibia ($2.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt Oxides and Hydroxides EXPORT MARKETS FOR China WERE (2021 - 2022):
South Korea$21.6M (13.9%)
Brazil$4.06M (179%)
United Arab Emirates$2.57M (249%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Oxides and Hydroxides BY China WERE (2021 - 2022):
Belgium-$11.7M (-56%)
Spain-$9.6M (-27%)
Mexico-$1.97M (-54.8%)
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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 Oxides and Hydroxides were:
Democratic Republic of the Congo $899M
Finland $274M
In 2022, China's main importing competitors in Cobalt Oxides and Hydroxides were:
Zambia $250M
South Korea $247M
Finland $158M

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Trade Value of Cobalt Oxides and Hydroxides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $2.5M
TOP IMPORT POTENTIALFinland+ $1.53M

Cobalt Oxides and Hydroxides’s highest export potential is Japan. With an export gap of $2.5M.   Cobalt Oxides and Hydroxides’s highest import potential is Finland with an import gap of $1.53M.

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