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2023
Exports $2.4BWorld Rnk 1 / 98
Flag Rnk 2 / 683
2023
Destination $1.9M China
2022 - 2023
FASTEST GROWING MARKET $1.9MBelgium
2023
PRODUCT COMPLEXITY IN Cobalt-1.98Rnk 996 / 1025
2023
Imports $11.3kWorld Rnk 122 / 151
Flag Rnk 994 / 1127
2023
Origin $5.18k Belgium
2022 - 2023
FASTEST GROWING ORIGIN $5.18kBelgium
2023
ECONOMIC COMPLEXITY of Democratic Republic of the Congo-1.94Rnk 130 / 132

About

Exports In 2023, Democratic Republic of the Congo exported $2.4B in Cobalt, making it the 1st largest exporter of Cobalt in the world. At the same year, Cobalt was the 2nd most exported product in Democratic Republic of the Congo. The main destination of Cobalt exports from Democratic Republic of the Congo are: China ($2.4B), Belgium ($1.9M), and Canada ($10).

The fastest growing export markets for Cobalt of Democratic Republic of the Congo between 2022 and 2023 were Belgium ($1.9M) and Canada ($10).

Imports In 2023, Democratic Republic of the Congo imported $11.3k in Cobalt, becoming the 122nd largest importer of Cobalt in the world. At the same year, Cobalt was the 994th most imported product in Democratic Republic of the Congo. Democratic Republic of the Congo imports Cobalt primarily from: Belgium ($5.18k), China ($4.75k), South Africa ($810), and France ($541).

The fastest growing import markets in Cobalt for Democratic Republic of the Congo between 2022 and 2023 were Belgium ($5.18k), China ($4.75k), and France ($541).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cobalt. Countries are shown based on data availability.

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.4B
IMPORTS (2023)$11.3k
NET TRADE (2023)$2.4B

In 2023, Democratic Republic of the Congo exported $2.4B in Cobalt. The main destinations of Democratic Republic of the Congo exports on Cobalt were China ($2.4B), Belgium ($1.9M), and Canada ($10).

In 2023, Democratic Republic of the Congo imported $11.3k in Cobalt, mainly from Belgium ($5.18k), China ($4.75k), South Africa ($810), and France ($541).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Democratic Republic of the Congo WERE (2022 - 2023):
Belgium$1.9M (1%)
Canada$10 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Democratic Republic of the Congo WERE (2022 - 2023):
China-$3.35B (-58.3%)
Singapore-$151M (-100%)
South Korea-$82.4M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Democratic Republic of the Congo's main exporting competitors in Cobalt were:
Canada $456M
United States $416M
In 2023, Democratic Republic of the Congo's main importing competitors in Cobalt were:
China $2.71B
United States $385M
Japan $291M

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Trade Value of Cobalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $11.6M
TOP IMPORT POTENTIALSouth Africa+ $3.2k

Cobalt’s highest export potential is South Korea. With an export gap of $11.6M.   Cobalt’s highest import potential is South Africa with an import gap of $3.2k.

See methodology.

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