2023
Exports
$146MWorld Rnk 8 / 98
Flag Rnk 678 / 1215
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$152MWorld Rnk 7 / 151
Flag Rnk 651 / 1215
2023
ECONOMIC COMPLEXITY of Germany
1.79Rnk 5 / 132

About

Exports In 2023, Germany exported $146M in Cobalt, making it the 8th largest exporter of Cobalt in the world. At the same year, Cobalt was the 678th most exported product in Germany. The main destination of Cobalt exports from Germany are: United States ($17.1M), Italy ($14.2M), United Kingdom ($12.3M), Switzerland ($11.5M), and France ($10.2M).

The fastest growing export markets for Cobalt of Germany between 2022 and 2023 were Norway ($2.03M), Malaysia ($1.99M), and India ($1.79M).

Imports In 2023, Germany imported $152M in Cobalt, becoming the 7th largest importer of Cobalt in the world. At the same year, Cobalt was the 651st most imported product in Germany. Germany imports Cobalt primarily from: United States ($27.4M), Canada ($19.6M), United Kingdom ($18.6M), Belgium ($16.1M), and Austria ($12.9M).

The fastest growing import markets in Cobalt for Germany between 2022 and 2023 were Morocco ($7.39M), United States ($2.57M), and Costa Rica ($1.56M).

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)$146M
IMPORTS (2023)$152M
NET TRADE (2023)-$5.75M

In 2023, Germany exported $146M in Cobalt. The main destinations of Germany exports on Cobalt were United States ($17.1M), Italy ($14.2M), United Kingdom ($12.3M), Switzerland ($11.5M), and France ($10.2M).

In 2023, Germany imported $152M in Cobalt, mainly from United States ($27.4M), Canada ($19.6M), United Kingdom ($18.6M), Belgium ($16.1M), and Austria ($12.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Germany WERE (2022 - 2023):
Norway$2.03M (2.23k%)
Malaysia$1.99M (312%)
India$1.79M (49%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Germany WERE (2022 - 2023):
Netherlands-$9.93M (-65.1%)
Slovakia-$7.84M (-47.5%)
Austria-$5.72M (-68.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Germany's main exporting competitors in Cobalt were:
In 2023, Germany'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 POTENTIALChina+ $10.7M
TOP IMPORT POTENTIALBelgium+ $6.65M

Cobalt’s highest export potential is China. With an export gap of $10.7M.   Cobalt’s highest import potential is Belgium with an import gap of $6.65M.

See methodology.

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