2023
Exports
$20.2MWorld Rnk 21 / 98
Flag Rnk 749 / 1212
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$108MWorld Rnk 11 / 151
Flag Rnk 426 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $20.2M in Cobalt, making it the 21st largest exporter of Cobalt in the world. At the same year, Cobalt was the 749th most exported product in India. The main destination of Cobalt exports from India are: South Korea ($5.95M), Philippines ($2.33M), Morocco ($2.24M), Thailand ($1.68M), and Hungary ($1.24M).

The fastest growing export markets for Cobalt of India between 2022 and 2023 were Morocco ($2.24M), Thailand ($1.68M), and Netherlands ($789k).

Imports In 2023, India imported $108M in Cobalt, becoming the 11th largest importer of Cobalt in the world. At the same year, Cobalt was the 426th most imported product in India. India imports Cobalt primarily from: China ($24.6M), United Kingdom ($23.4M), United States ($21.3M), Japan ($8.44M), and Norway ($5.5M).

The fastest growing import markets in Cobalt for India between 2022 and 2023 were United States ($10M), China ($9.22M), and United Kingdom ($4.7M).

Latest Trends

Jan 2025

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)$20.2M
IMPORTS (2023)$108M
NET TRADE (2023)-$88M

In 2023, India exported $20.2M in Cobalt. The main destinations of India exports on Cobalt were South Korea ($5.95M), Philippines ($2.33M), Morocco ($2.24M), Thailand ($1.68M), and Hungary ($1.24M).

In 2023, India imported $108M in Cobalt, mainly from China ($24.6M), United Kingdom ($23.4M), United States ($21.3M), Japan ($8.44M), and Norway ($5.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR India WERE (2022 - 2023):
Morocco$2.24M (3.34M%)
Thailand$1.68M (1%)
Netherlands$789k (10.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY India WERE (2022 - 2023):
South Korea-$8.98M (-60.1%)
Malaysia-$1.18M (-63.6%)
Turkey-$730k (-99.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Cobalt were:
In 2023, India'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+ $2.58M
TOP IMPORT POTENTIALChina+ $8.11M

Cobalt’s highest export potential is China. With an export gap of $2.58M.   Cobalt’s highest import potential is China with an import gap of $8.11M.

See methodology.

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