Cobalt in Philippines | The Observatory of Economic Complexity

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Exports In 2022, Philippines exported $4.45M in Cobalt, making it the 38th largest exporter of Cobalt in the world. At the same year, Cobalt was the 418th most exported product in Philippines. The main destination of Cobalt exports from Philippines are: China ($4.26M), Germany ($190k), and Japan ($3.06k).

The fastest growing export markets for Cobalt of Philippines between 2021 and 2022 were China ($1.87M) and Japan ($3.06k).

Imports In 2022, Philippines imported $3.15M in Cobalt, becoming the 44th largest importer of Cobalt in the world. At the same year, Cobalt was the 880th most imported product in Philippines. Philippines imports Cobalt primarily from: India ($2.34M), Japan ($565k), Germany ($101k), United States ($83.3k), and China ($19.2k).

The fastest growing import markets in Cobalt for Philippines between 2021 and 2022 were India ($2.34M), United States ($82.4k), and Germany ($24.1k).

Latest Trends

September 2024

About

Overview In September 2024 Philippines' Cobalt exports accounted up to $5.41M and imports accounted up to $668, resulting in a positive trade balance of $5.41M. Between September 2023 and September 2024 the exports of Philippines' Cobalt have increased by $4.13M (324%) from $1.28M to $5.41M, while imports decreased by $-789 (-54.2%) from $1.46k to $668.

Destinations In September 2024, Cobalt were exported mostly to China ($5.09M), Cambodia ($318k), and Germany ($6.02k), and were imported mostly from United Kingdom ($668).

Growth In September 2024, the increase in Cobalt's year-by-year exports was explained primarily by an increase in exports to . In September 2024, the decrease in Cobalt's year-by-year imports was explained primarily by a decrease in imports from Japan ($-11.4k or -16.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$4.13M(324%)

IMPORT GROWTH (May 2023 - September 2024)$-789(-54.2%)

MAIN DESTINATION (September 2024)China$5.09M

This section shows Cobalt's exports and imports data at subnational level for Philippines. 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)$4.45M

IMPORTS (2022)$3.15M

NET TRADE (2022)$1.31M

In 2022, Philippines exported $4.45M in Cobalt. The main destinations of Philippines exports on Cobalt were China ($4.26M), Germany ($190k), and Japan ($3.06k).

In 2022, Philippines imported $3.15M in Cobalt, mainly from India ($2.34M), Japan ($565k), Germany ($101k), United States ($83.3k), and China ($19.2k).

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