2022
Exports
$272MWorld Rnk 5 / 97
Flag Rnk 39 / 1197
2022
PRODUCT COMPLEXITY IN Cobalt
-1.74Rnk 975 / 1025
2022
Imports
$163MWorld Rnk 11 / 159
Flag Rnk 139 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $272M in Cobalt, making it the 5th largest exporter of Cobalt in the world. At the same year, Cobalt was the 39th most exported product in Norway. The main destination of Cobalt exports from Norway are: United States ($171M), Japan ($49.3M), Netherlands ($17.6M), India ($12.7M), and United Kingdom ($7.03M).

The fastest growing export markets for Cobalt of Norway between 2021 and 2022 were United States ($23.9M), Japan ($12.4M), and United Kingdom ($6.29M).

Imports In 2022, Norway imported $163M in Cobalt, becoming the 11th largest importer of Cobalt in the world. At the same year, Cobalt was the 139th most imported product in Norway. Norway imports Cobalt primarily from: Canada ($163M), Germany ($126k), United States ($110k), United Kingdom ($100k), and United Arab Emirates ($53.1k).

The fastest growing import markets in Cobalt for Norway between 2021 and 2022 were Canada ($30.7M), United Kingdom ($45.6k), and United States ($26.8k).

Latest Trends

Aug 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 (2022)$272M
IMPORTS (2022)$163M
NET TRADE (2022)$109M

In 2022, Norway exported $272M in Cobalt. The main destinations of Norway exports on Cobalt were United States ($171M), Japan ($49.3M), Netherlands ($17.6M), India ($12.7M), and United Kingdom ($7.03M).

In 2022, Norway imported $163M in Cobalt, mainly from Canada ($163M), Germany ($126k), United States ($110k), United Kingdom ($100k), and United Arab Emirates ($53.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United States$23.9M (16.2%)
Japan$12.4M (33.5%)
United Kingdom$6.29M (846%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Norway WERE (2021 - 2022):
Netherlands-$11.7M (-39.8%)
China-$2.59M (-100%)
Germany-$1.06M (-14.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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