2023
Exports
$39.7kWorld Rnk 66 / 98
Flag Rnk 944 / 1150
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$1.21MWorld Rnk 52 / 151
Flag Rnk 874 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $39.7k in Cobalt, making it the 66th largest exporter of Cobalt in the world. At the same year, Cobalt was the 944th most exported product in Colombia. The main destination of Cobalt exports from Colombia are: Mexico ($23.9k), United States ($15.2k), United Arab Emirates ($536), and Panama ($75).

The fastest growing export markets for Cobalt of Colombia between 2022 and 2023 were Mexico ($23.9k), United States ($15k), and United Arab Emirates ($536).

Imports In 2023, Colombia imported $1.21M in Cobalt, becoming the 52nd largest importer of Cobalt in the world. At the same year, Cobalt was the 874th most imported product in Colombia. Colombia imports Cobalt primarily from: Belgium ($549k), Canada ($343k), Netherlands ($130k), United States ($89.5k), and Brazil ($34.5k).

The fastest growing import markets in Cobalt for Colombia between 2022 and 2023 were Belgium ($549k), Netherlands ($129k), and Brazil ($13.5k).

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)$39.7k
IMPORTS (2023)$1.21M
NET TRADE (2023)-$1.17M

In 2023, Colombia exported $39.7k in Cobalt. The main destinations of Colombia exports on Cobalt were Mexico ($23.9k), United States ($15.2k), United Arab Emirates ($536), and Panama ($75).

In 2023, Colombia imported $1.21M in Cobalt, mainly from Belgium ($549k), Canada ($343k), Netherlands ($130k), United States ($89.5k), and Brazil ($34.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Mexico$23.9k (1%)
United States$15k (9.12k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Colombia WERE (2022 - 2023):
Germany-$5.56k (-100%)
Indonesia-$2.62k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Cobalt were:
In 2023, Colombia's main importing competitors in Cobalt were:

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Trade Value of Cobalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.58k
TOP IMPORT POTENTIALUnited States+ $177k

Cobalt’s highest export potential is Germany. With an export gap of $6.58k.   Cobalt’s highest import potential is United States with an import gap of $177k.

See methodology.

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