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2022
Exports $5.99BWorld Rnk 1 / 97
Flag Rnk 2 / 790
falsefalse China
2021 - 2022
FASTEST GROWING MARKETfalseChina
2022
PRODUCT COMPLEXITY IN Cobalt-1.74Rnk 975 / 1025
2022
Imports $6.77kWorld Rnk 126 / 159
Flag Rnk 1072 / 1169
2021 - 2022
FASTEST GROWING ORIGINfalsefalse
2022
ECONOMIC COMPLEXITY of Democratic Republic of the Congo-1.81Rnk 130 / 133

About

Exports In 2022, Democratic Republic of the Congo exported $5.99B 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 ($5.74B), Singapore ($151M), South Korea ($82.4M), and United Arab Emirates ($12M).

The fastest growing export markets for Cobalt of Democratic Republic of the Congo between 2021 and 2022 were China ($1.34B), South Korea ($58M), and Singapore ($17.5M).

Imports In 2022, Democratic Republic of the Congo imported $6.77k in Cobalt, becoming the 126th largest importer of Cobalt in the world. At the same year, Cobalt was the 1072nd most imported product in Democratic Republic of the Congo. Democratic Republic of the Congo imports Cobalt primarily from: South Africa ($3.47k) and India ($3.3k).

Latest Trends

Oct 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 (2022)$5.99B
IMPORTS (2022)$6.77k
NET TRADE (2022)$5.99B

In 2022, Democratic Republic of the Congo exported $5.99B in Cobalt. The main destinations of Democratic Republic of the Congo exports on Cobalt were China ($5.74B), Singapore ($151M), South Korea ($82.4M), and United Arab Emirates ($12M).

In 2022, Democratic Republic of the Congo imported $6.77k in Cobalt, mainly from South Africa ($3.47k) and India ($3.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Democratic Republic of the Congo WERE (2021 - 2022):
China$1.34B (30.3%)
South Korea$58M (238%)
Singapore$17.5M (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Democratic Republic of the Congo WERE (2021 - 2022):
Zambia-$18.3M (-100%)
Belgium-$2.17M (-100%)
Turkey-$1.8M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Democratic Republic of the Congo's main exporting competitors in Cobalt were:
Canada $628M
United States $398M
In 2022, Democratic Republic of the Congo'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
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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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