2023
Exports
$143MWorld Rnk 9 / 98
Flag Rnk 82 / 1199
2023
PRODUCT COMPLEXITY IN Cobalt
-1.98Rnk 996 / 1025
2023
Imports
$81.7MWorld Rnk 12 / 151
Flag Rnk 231 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $143M in Cobalt, making it the 9th largest exporter of Cobalt in the world. At the same year, Cobalt was the 82nd most exported product in Norway. The main destination of Cobalt exports from Norway are: United States ($89.3M), Japan ($24.3M), Netherlands ($11.5M), United Kingdom ($7.36M), and India ($5.5M).

The fastest growing export markets for Cobalt of Norway between 2022 and 2023 were Singapore ($1.61M), Chinese Taipei ($327k), and United Kingdom ($325k).

Imports In 2023, Norway imported $81.7M in Cobalt, becoming the 12th largest importer of Cobalt in the world. At the same year, Cobalt was the 231st most imported product in Norway. Norway imports Cobalt primarily from: Canada ($78.2M), Germany ($2.13M), United States ($556k), Malaysia ($412k), and United Kingdom ($167k).

The fastest growing import markets in Cobalt for Norway between 2022 and 2023 were Germany ($2.03M), United States ($438k), and Malaysia ($412k).

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)$143M
IMPORTS (2023)$81.7M
NET TRADE (2023)$61.5M

In 2023, Norway exported $143M in Cobalt. The main destinations of Norway exports on Cobalt were United States ($89.3M), Japan ($24.3M), Netherlands ($11.5M), United Kingdom ($7.36M), and India ($5.5M).

In 2023, Norway imported $81.7M in Cobalt, mainly from Canada ($78.2M), Germany ($2.13M), United States ($556k), Malaysia ($412k), and United Kingdom ($167k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Singapore$1.61M (1%)
Chinese Taipei$327k (167%)
United Kingdom$325k (4.63%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Norway WERE (2022 - 2023):
United States-$81.5M (-47.7%)
Japan-$25M (-50.7%)
Netherlands-$8.72M (-43.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Cobalt were:
In 2023, Norway'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 POTENTIALGermany+ $2.54M
TOP IMPORT POTENTIALGermany+ $319k

Cobalt’s highest export potential is Germany. With an export gap of $2.54M.   Cobalt’s highest import potential is Germany with an import gap of $319k.

See methodology.

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