Cobalt in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $177M in Cobalt, making it the 12th largest exporter of Cobalt in the world. At the same year, Cobalt was the 298th most exported product in United Kingdom. The main destination of Cobalt exports from United Kingdom are: United States ($44.7M), France ($24.5M), Germany ($18.4M), India ($17.7M), and China ($12.9M).

The fastest growing export markets for Cobalt of United Kingdom between 2021 and 2022 were United States ($23.3M), France ($11.5M), and India ($8.87M).

Imports In 2022, United Kingdom imported $172M in Cobalt, becoming the 9th largest importer of Cobalt in the world. At the same year, Cobalt was the 483rd most imported product in United Kingdom. United Kingdom imports Cobalt primarily from: United States ($39.6M), Canada ($20.4M), Netherlands ($18.4M), Germany ($16.6M), and China ($9.15M).

The fastest growing import markets in Cobalt for United Kingdom between 2021 and 2022 were Canada ($15.7M), United States ($11.7M), and Morocco ($8.86M).

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Cobalt exports accounted up to £14M and imports accounted up to £12.6M, resulting in a positive trade balance of £1.37M. Between August 2023 and August 2024 the exports of United Kingdom's Cobalt have increased by £935k (7.17%) from £13.1M to £14M, while imports increased by £4.1M (48.1%) from £8.52M to £12.6M.

Destinations In August 2024, Cobalt were exported mostly to United States (£3.7M), Netherlands (£1.95M), Germany (£1.95M), France (£1.39M), and Singapore (£1.31M), and were imported mostly from United States (£3.7M), Netherlands (£3.32M), China (£1.19M), Canada (£1.13M), and Germany (£1.01M).

Growth In August 2024, the increase in Cobalt's year-by-year exports was explained primarily by an increase in exports to China (£1.78M or 238%), Germany (£1.26M or 130%), and India (£1.01M or 130%). In August 2024, the increase in Cobalt's year-by-year imports was explained primarily by an increase in imports from Netherlands (£1.99M or 56.7%), United States (£1.68M or 67.7%), and Canada (£492k or 44.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)£935k(7.17%)

IMPORT GROWTH (August 2023 - August 2024)£4.1M(48.1%)

MAIN EXPORTER (August 2024)Dover Eurotunnel£5.63M

MAIN DESTINATION (August 2024)United States£3.7M

This section shows Cobalt's exports and imports data at subnational level for United Kingdom. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$177M

IMPORTS (2022)$172M

NET TRADE (2022)$5.2M

In 2022, United Kingdom exported $177M in Cobalt. The main destinations of United Kingdom exports on Cobalt were United States ($44.7M), France ($24.5M), Germany ($18.4M), India ($17.7M), and China ($12.9M).

In 2022, United Kingdom imported $172M in Cobalt, mainly from United States ($39.6M), Canada ($20.4M), Netherlands ($18.4M), Germany ($16.6M), and China ($9.15M).

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