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

June 2024

About

Overview In June 2024 Malaysia's Cobalt exports accounted up to MYR38.7M and imports accounted up to MYR938k, resulting in a positive trade balance of MYR37.7M. Between June 2023 and June 2024 the exports of Malaysia's Cobalt have increased by MYR22.6M (141%) from MYR16M to MYR38.7M, while imports decreased by MYR-1.37M (-59.4%) from MYR2.31M to MYR938k.

Destinations In June 2024, Cobalt were exported mostly to China (MYR38.5M), Thailand (MYR90.8k), and Netherlands (MYR19.8k), and were imported mostly from Russia (MYR444k), Australia (MYR164k), United States (MYR135k), France (MYR104k), and China (MYR54.8k).

Growth In June 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 June 2024, the decrease in Cobalt's year-by-year imports was explained primarily by a decrease in imports from United States (MYR-375k or -66.9%), China (MYR-361k or -91.7%), and Germany (MYR-4.38k or -79.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)MYR22.6M(141%)

IMPORT GROWTH (June 2023 - June 2024)MYR-1.37M(-59.4%)

MAIN DESTINATION (June 2024)ChinaMYR38.5M

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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