2023
Exports
$139MWorld Rnk 10 / 98
Flag Rnk 9 / 810
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$17.8kWorld Rnk 113 / 151
Flag Rnk 923 / 1110
2023
ECONOMIC COMPLEXITY of Madagascar
-1.15Rnk 117 / 132

About

Exports In 2023, Madagascar exported $139M in Cobalt, making it the 10th largest exporter of Cobalt in the world. At the same year, Cobalt was the 9th most exported product in Madagascar. The main destination of Cobalt exports from Madagascar are: United States ($31.4M), Netherlands ($28M), Japan ($24.8M), Singapore ($18.9M), and South Korea ($14.1M).

The fastest growing export markets for Cobalt of Madagascar between 2022 and 2023 were Singapore ($18.9M), South Korea ($14.1M), and United States ($11.2M).

Imports In 2023, Madagascar imported $17.8k in Cobalt, becoming the 113th largest importer of Cobalt in the world. At the same year, Cobalt was the 923rd most imported product in Madagascar. Madagascar imports Cobalt primarily from: France ($15.6k) and United States ($2.17k).

The fastest growing import markets in Cobalt for Madagascar between 2022 and 2023 were France ($5.99k).

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)$139M
IMPORTS (2023)$17.8k
NET TRADE (2023)$139M

In 2023, Madagascar exported $139M in Cobalt. The main destinations of Madagascar exports on Cobalt were United States ($31.4M), Netherlands ($28M), Japan ($24.8M), Singapore ($18.9M), and South Korea ($14.1M).

In 2023, Madagascar imported $17.8k in Cobalt, mainly from France ($15.6k) and United States ($2.17k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Madagascar WERE (2022 - 2023):
Singapore$18.9M (1%)
South Korea$14.1M (1%)
United States$11.2M (55.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Madagascar WERE (2022 - 2023):
Chinese Taipei-$46M (-86.1%)
Japan-$33.8M (-57.7%)
China-$11.6M (-68.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Madagascar's main exporting competitors in Cobalt were:
In 2023, Madagascar'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+ $26.2M
TOP IMPORT POTENTIALUnited States+ $10.8k

Cobalt’s highest export potential is China. With an export gap of $26.2M.   Cobalt’s highest import potential is United States with an import gap of $10.8k.

See methodology.

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