2023
Exports
$174MWorld Rnk 5 / 98
Flag Rnk 346 / 1209
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$291MWorld Rnk 3 / 151
Flag Rnk 309 / 1209
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $174M in Cobalt, making it the 5th largest exporter of Cobalt in the world. At the same year, Cobalt was the 346th most exported product in Japan. The main destination of Cobalt exports from Japan are: United States ($61M), China ($28.2M), Belgium ($17.3M), Singapore ($12.7M), and South Korea ($8.61M).

The fastest growing export markets for Cobalt of Japan between 2022 and 2023 were China ($12.4M), Singapore ($11.7M), and Belgium ($4.55M).

Imports In 2023, Japan imported $291M in Cobalt, becoming the 3rd largest importer of Cobalt in the world. At the same year, Cobalt was the 309th most imported product in Japan. Japan imports Cobalt primarily from: Finland ($129M), Madagascar ($24.8M), Norway ($24.3M), China ($18.4M), and Canada ($17.9M).

The fastest growing import markets in Cobalt for Japan between 2022 and 2023 were United States ($2.75M), France ($882k), and Chinese Taipei ($443k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-404M(-29.6%)
IMPORT GROWTH (November 2023 - November 2024)¥-1.84B(-48.4%)
MAIN EXPORTER (November 2024)Hyōgo¥1.1B
MAIN DESTINATION (November 2024)United States¥400M

This section shows Cobalt's exports and imports data at subnational level for Japan. 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
EXPORTS (2023)$174M
IMPORTS (2023)$291M
NET TRADE (2023)-$117M

In 2023, Japan exported $174M in Cobalt. The main destinations of Japan exports on Cobalt were United States ($61M), China ($28.2M), Belgium ($17.3M), Singapore ($12.7M), and South Korea ($8.61M).

In 2023, Japan imported $291M in Cobalt, mainly from Finland ($129M), Madagascar ($24.8M), Norway ($24.3M), China ($18.4M), and Canada ($17.9M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Japan WERE (2022 - 2023):
China$12.4M (78.5%)
Singapore$11.7M (1.2k%)
Belgium$4.55M (35.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Japan WERE (2022 - 2023):
South Korea-$22M (-71.9%)
United States-$20.8M (-25.4%)
Germany-$8.98M (-76.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Cobalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $19.1M
TOP IMPORT POTENTIALChina+ $7.42M

Cobalt’s highest export potential is China. With an export gap of $19.1M.   Cobalt’s highest import potential is China with an import gap of $7.42M.

See methodology.

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