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2023
Exports $11.4MWorld Rnk 9 / 67
Flag Rnk 815 / 1216
2023
Destination $1.34M United States
2022 - 2023
FASTEST GROWING MARKET $1.34MSaudi Arabia
2023
PRODUCT COMPLEXITY IN Cobalt Oxides and Hydroxides-1.74Rnk 978 / 1025
2023
Imports $3.87MWorld Rnk 24 / 118
Flag Rnk 1099 / 1214
2023
Origin $120k Finland
2022 - 2023
FASTEST GROWING ORIGIN $120kNetherlands
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $11.4M in Cobalt Oxides and Hydroxides, making it the 9th largest exporter of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 815th most exported product in United Kingdom. The main destination of Cobalt Oxides and Hydroxides exports from United Kingdom are: United States ($4.11M), France ($2.29M), Saudi Arabia ($1.34M), Denmark ($1.25M), and China ($732k).

The fastest growing export markets for Cobalt Oxides and Hydroxides of United Kingdom between 2022 and 2023 were Saudi Arabia ($1.34M), Denmark ($615k), and Japan ($451k).

Imports In 2023, United Kingdom imported $3.87M in Cobalt Oxides and Hydroxides, becoming the 24th largest importer of Cobalt Oxides and Hydroxides in the world. At the same year, Cobalt Oxides and Hydroxides was the 1099th most imported product in United Kingdom. United Kingdom imports Cobalt Oxides and Hydroxides primarily from: Finland ($1.76M), Italy ($1.08M), Belgium ($315k), Spain ($271k), and China ($240k).

The fastest growing import markets in Cobalt Oxides and Hydroxides for United Kingdom between 2022 and 2023 were Netherlands ($120k), Belgium ($99.8k), and Japan ($6.99k).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Cobalt Oxides and Hydroxides exports accounted up to £806k and imports accounted up to £137k, resulting in a positive trade balance of £669k. Between December 2023 and December 2024 the exports of United Kingdom's   Cobalt Oxides and Hydroxides have increased by £563k (232%) from £243k to £806k, while imports decreased by £-153k (-52.7%) from £290k to £137k.

Destinations In December 2024, Cobalt Oxides and Hydroxides were exported mostly to United States (£433k), France (£254k), China (£100k), Italy (£16.5k), and Luxembourg (£1.95k), and were imported mostly from Finland (£115k), Zambia (£18.8k), and Germany (£3.76k).

Growth In December 2024, the increase in Cobalt Oxides and Hydroxides's year-by-year exports was explained primarily by an increase in exports to France (£48.2k or 17.2%) and Italy (£23.5k or 53.1%). In December 2024, the decrease in Cobalt Oxides and Hydroxides's year-by-year imports was explained primarily by a decrease in imports from Finland (£-184k or -81.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£563k(232%)
IMPORT GROWTH (December 2023 - December 2024)£-153k(-52.7%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States£433k

This section shows Cobalt Oxides and Hydroxides's exports and imports data at subnational level for United Kingdom. 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)$11.4M
IMPORTS (2023)$3.87M
NET TRADE (2023)$7.49M

In 2023, United Kingdom exported $11.4M in Cobalt Oxides and Hydroxides. The main destinations of United Kingdom exports on Cobalt Oxides and Hydroxides were United States ($4.11M), France ($2.29M), Saudi Arabia ($1.34M), Denmark ($1.25M), and China ($732k).

In 2023, United Kingdom imported $3.87M in Cobalt Oxides and Hydroxides, mainly from Finland ($1.76M), Italy ($1.08M), Belgium ($315k), Spain ($271k), and China ($240k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt Oxides and Hydroxides EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Saudi Arabia$1.34M (1%)
Denmark$615k (96.7%)
Japan$451k (228%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt Oxides and Hydroxides BY United Kingdom WERE (2022 - 2023):
United States-$19.2M (-82.4%)
France-$2.12M (-48.2%)
Mexico-$639k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Cobalt Oxides and Hydroxides were:
Finland $163M
Democratic Republic of the Congo $131M
China $99.3M
In 2023, United Kingdom'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 POTENTIALChina+ $653k
TOP IMPORT POTENTIALChina+ $543k

Cobalt Oxides and Hydroxides’s highest export potential is China. With an export gap of $653k.   Cobalt Oxides and Hydroxides’s highest import potential is China with an import gap of $543k.

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