2022
Exports
$146MWorld Rnk 14 / 97
Flag Rnk 158 / 1200
2022
PRODUCT COMPLEXITY IN Cobalt
-1.74Rnk 975 / 1025
2022
Imports
$20.4MWorld Rnk 26 / 159
Flag Rnk 650 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $146M in Cobalt, making it the 14th largest exporter of Cobalt in the world. At the same year, Cobalt was the 158th most exported product in Russia. The main destination of Cobalt exports from Russia are: Netherlands ($50.4M), Turkey ($26.6M), United States ($20M), Germany ($13.2M), and Brazil ($9.24M).

The fastest growing export markets for Cobalt of Russia between 2021 and 2022 were Turkey ($25.7M), Germany ($13M), and Brazil ($8.7M).

Imports In 2022, Russia imported $20.4M in Cobalt, becoming the 26th largest importer of Cobalt in the world. At the same year, Cobalt was the 650th most imported product in Russia. Russia imports Cobalt primarily from: Turkey ($7.63M), China ($5.27M), Canada ($3.82M), Belgium ($1.34M), and Lithuania ($1.15M).

The fastest growing import markets in Cobalt for Russia between 2021 and 2022 were Turkey ($7.6M), China ($4.45M), and Canada ($2.65M).

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)$146M
IMPORTS (2022)$20.4M
NET TRADE (2022)$126M

In 2022, Russia exported $146M in Cobalt. The main destinations of Russia exports on Cobalt were Netherlands ($50.4M), Turkey ($26.6M), United States ($20M), Germany ($13.2M), and Brazil ($9.24M).

In 2022, Russia imported $20.4M in Cobalt, mainly from Turkey ($7.63M), China ($5.27M), Canada ($3.82M), Belgium ($1.34M), and Lithuania ($1.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Turkey$25.7M (3.1k%)
Germany$13M (5.84k%)
Brazil$8.7M (1.61k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Russia WERE (2021 - 2022):
United States-$14.1M (-41.3%)
Belgium-$11.9M (-100%)
Switzerland-$10.4M (-99.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Cobalt were:
In 2022, Russia'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 POTENTIALChina+ $17.1M
TOP IMPORT POTENTIALChina+ $2.19M

Cobalt’s highest export potential is China. With an export gap of $17.1M.   Cobalt’s highest import potential is China with an import gap of $2.19M.

See methodology.

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