2022
Exports
$191MWorld Rnk 10 / 97
Flag Rnk 332 / 1213
2022
PRODUCT COMPLEXITY IN Cobalt
-1.74Rnk 975 / 1025
2022
Imports
$585MWorld Rnk 2 / 159
Flag Rnk 207 / 1214
2022
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $191M in Cobalt, making it the 10th largest exporter of Cobalt in the world. At the same year, Cobalt was the 332nd most exported product in Japan. The main destination of Cobalt exports from Japan are: United States ($63.9M), Belgium ($36.4M), South Korea ($18.1M), Netherlands ($17.6M), and China ($16.4M).

The fastest growing export markets for Cobalt of Japan between 2021 and 2022 were Belgium ($21.7M), United States ($21.2M), and Netherlands ($7.97M).

Imports In 2022, Japan imported $585M in Cobalt, becoming the 2nd largest importer of Cobalt in the world. At the same year, Cobalt was the 207th most imported product in Japan. Japan imports Cobalt primarily from: Finland ($270M), Canada ($78.4M), Madagascar ($54.4M), Norway ($49.3M), and China ($32.6M).

The fastest growing import markets in Cobalt for Japan between 2021 and 2022 were Canada ($35.2M), Finland ($32.5M), and Madagascar ($24.5M).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)¥229M(18.7%)
IMPORT GROWTH (August 2023 - August 2024)¥-1.74B(-53.6%)
MAIN EXPORTER (August 2024)Hyōgo¥1.1B
MAIN DESTINATION (August 2024)United States¥425M

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 (2022)$191M
IMPORTS (2022)$585M
NET TRADE (2022)-$393M

In 2022, Japan exported $191M in Cobalt. The main destinations of Japan exports on Cobalt were United States ($63.9M), Belgium ($36.4M), South Korea ($18.1M), Netherlands ($17.6M), and China ($16.4M).

In 2022, Japan imported $585M in Cobalt, mainly from Finland ($270M), Canada ($78.4M), Madagascar ($54.4M), Norway ($49.3M), and China ($32.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Belgium$21.7M (149%)
United States$21.2M (49.6%)
Netherlands$7.97M (83%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Japan WERE (2021 - 2022):
China-$28.9M (-63.8%)
Australia-$2.16M (-40.8%)
Malaysia-$936k (-80.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Cobalt were:
In 2022, 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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