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2022
Exports $196MWorld Rnk 9 / 97
Flag Rnk 305 / 1213
2022
Destination $10.7M Germany
2021 - 2022
FASTEST GROWING MARKET $10.7MFrance
2022
PRODUCT COMPLEXITY IN Cobalt-1.74Rnk 975 / 1025
2022
Imports $256MWorld Rnk 6 / 159
Flag Rnk 307 / 1214
2022
Origin $24.7M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $24.7MCanada
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $196M in Cobalt, making it the 9th largest exporter of Cobalt in the world. At the same year, Cobalt was the 305th most exported product in Belgium. The main destination of Cobalt exports from Belgium are: Germany ($27.9M), France ($26.1M), Japan ($17.7M), Brazil ($14.1M), and United States ($12.8M).

The fastest growing export markets for Cobalt of Belgium between 2021 and 2022 were France ($10.7M), Hong Kong ($9.25M), and Finland ($8.28M).

Imports In 2022, Belgium imported $256M in Cobalt, becoming the 6th largest importer of Cobalt in the world. At the same year, Cobalt was the 307th most imported product in Belgium. Belgium imports Cobalt primarily from: Netherlands ($55.9M), Canada ($51.2M), Luxembourg ($50M), Japan ($36.4M), and Morocco ($25.4M).

The fastest growing import markets in Cobalt for Belgium between 2021 and 2022 were Canada ($24.7M), Luxembourg ($23.6M), and Japan ($21.7M).

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Cobalt exports accounted up to €8.81M and imports accounted up to €5.12M, resulting in a positive trade balance of €3.69M. Between July 2023 and July 2024 the exports of Belgium's   Cobalt have decreased by €-1.17M (-11.7%) from €9.98M to €8.81M, while imports increased by €325k (6.77%) from €4.8M to €5.12M.

Destinations In July 2024, Cobalt were exported mostly to France (€2.63M), Germany (€1.41M), India (€1.04M), Japan (€990k), and Brazil (€781k), and were imported mostly from Finland (€1.84M), United States (€1.13M), Canada (€1.03M), Democratic Republic of the Congo (€515k), and Netherlands (€297k).

Growth In July 2024, the decrease in Cobalt's year-by-year exports was explained primarily by a decrease in exports to Canada (€-1.32M or -100%), Chinese Taipei (€-1.19M or -99.4%), and Japan (€-656k or -51.9%). In July 2024, the increase in Cobalt's year-by-year imports was explained primarily by an increase in imports from United States (€734k or 41.4%), Japan (€79k or 711%), and Switzerland (€14.2k or 84.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-1.17M(-11.7%)
IMPORT GROWTH (July 2023 - July 2024)€325k(6.77%)
MAIN DESTINATION (July 2024)France€2.63M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$196M
IMPORTS (2022)$256M
NET TRADE (2022)-$60.1M

In 2022, Belgium exported $196M in Cobalt. The main destinations of Belgium exports on Cobalt were Germany ($27.9M), France ($26.1M), Japan ($17.7M), Brazil ($14.1M), and United States ($12.8M).

In 2022, Belgium imported $256M in Cobalt, mainly from Netherlands ($55.9M), Canada ($51.2M), Luxembourg ($50M), Japan ($36.4M), and Morocco ($25.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$10.7M (69.7%)
Hong Kong$9.25M (1.64k%)
Finland$8.28M (290%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Belgium WERE (2021 - 2022):
United Kingdom-$6.69M (-85.5%)
Chinese Taipei-$5.79M (-34.5%)
China-$3.85M (-63.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Cobalt were:
Democratic Republic of the Congo $5.99B
Canada $628M
United States $398M
In 2022, Belgium's main importing competitors in Cobalt were:
China $6.07B
Japan $585M
United States $523M

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Trade Value of Cobalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.65M
TOP IMPORT POTENTIALGermany+ $4.91M

Cobalt’s highest export potential is Germany. With an export gap of $6.65M.   Cobalt’s highest import potential is Germany with an import gap of $4.91M.

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