Cobalt in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $20.8M in Cobalt, making it the 25th largest exporter of Cobalt in the world. At the same year, Cobalt was the 516th most exported product in Malaysia. The main destination of Cobalt exports from Malaysia are: China ($18.4M), India ($1.5M), Singapore ($569k), United States ($244k), and Netherlands ($14.1k).

The fastest growing export markets for Cobalt of Malaysia between 2021 and 2022 were India ($1.5M), United States ($244k), and Singapore ($237k).

Imports In 2022, Malaysia imported $98.5M in Cobalt, becoming the 13th largest importer of Cobalt in the world. At the same year, Cobalt was the 366th most imported product in Malaysia. Malaysia imports Cobalt primarily from: South Africa ($58.4M), Mozambique ($13M), South Korea ($8.99M), Malawi ($7.08M), and India ($2.86M).

The fastest growing import markets in Cobalt for Malaysia between 2021 and 2022 were South Africa ($52.7M), Malawi ($7.08M), and South Korea ($5.52M).

Latest Trends

October 2024

About

Overview In October 2024 Malaysia's Cobalt exports accounted up to MYR66.3M and imports accounted up to MYR53.7M, resulting in a positive trade balance of MYR12.6M. Between October 2023 and October 2024 the exports of Malaysia's Cobalt have increased by MYR15.4M (30.1%) from MYR51M to MYR66.3M, while imports increased by MYR52.2M (3.56k%) from MYR1.47M to MYR53.7M.

Destinations In October 2024, Cobalt were exported mostly to Finland (MYR36.1M), China (MYR29.7M), Thailand (MYR259k), Chinese Taipei (MYR138k), and Hong Kong (MYR69.1k), and were imported mostly from Republic of the Congo (MYR25.4M), Mozambique (MYR14.8M), South Africa (MYR12M), United States (MYR1.11M), and China (MYR274k).

Growth In October 2024, the increase in Cobalt's year-by-year exports was explained primarily by an increase in exports to China (MYR73.4k or 113%). In October 2024, the increase in Cobalt's year-by-year imports was explained primarily by an increase in imports from South Korea (MYR210k or 150%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)MYR15.4M(30.1%)

IMPORT GROWTH (October 2023 - October 2024)MYR52.2M(3.56k%)

MAIN DESTINATION (October 2024)FinlandMYR36.1M

This section shows Cobalt's exports and imports data at subnational level for Malaysia. 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)$20.8M

IMPORTS (2022)$98.5M

NET TRADE (2022)-$77.8M

In 2022, Malaysia exported $20.8M in Cobalt. The main destinations of Malaysia exports on Cobalt were China ($18.4M), India ($1.5M), Singapore ($569k), United States ($244k), and Netherlands ($14.1k).

In 2022, Malaysia imported $98.5M in Cobalt, mainly from South Africa ($58.4M), Mozambique ($13M), South Korea ($8.99M), Malawi ($7.08M), and India ($2.86M).

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