2022
Exports
$43MWorld Rnk 19 / 97
Flag Rnk 529 / 1213
2022
PRODUCT COMPLEXITY IN Cobalt
-1.74Rnk 975 / 1025
2022
Imports
$56.4MWorld Rnk 18 / 159
Flag Rnk 478 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $43M in Cobalt, making it the 19th largest exporter of Cobalt in the world. At the same year, Cobalt was the 529th most exported product in Turkey. The main destination of Cobalt exports from Turkey are: Spain ($21.9M), Russia ($7.63M), United Kingdom ($6.25M), Netherlands ($3.45M), and India ($1.75M).

The fastest growing export markets for Cobalt of Turkey between 2021 and 2022 were Russia ($7.6M), India ($1.02M), and Netherlands ($789k).

Imports In 2022, Turkey imported $56.4M in Cobalt, becoming the 18th largest importer of Cobalt in the world. At the same year, Cobalt was the 478th most imported product in Turkey. Turkey imports Cobalt primarily from: Russia ($26.6M), Australia ($6.69M), Canada ($4.8M), United States ($3.48M), and Germany ($3.12M).

The fastest growing import markets in Cobalt for Turkey between 2021 and 2022 were Russia ($25.7M), Canada ($4.14M), and Madagascar ($2.02M).

Latest Trends

Oct 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)$43M
IMPORTS (2022)$56.4M
NET TRADE (2022)-$13.5M

In 2022, Turkey exported $43M in Cobalt. The main destinations of Turkey exports on Cobalt were Spain ($21.9M), Russia ($7.63M), United Kingdom ($6.25M), Netherlands ($3.45M), and India ($1.75M).

In 2022, Turkey imported $56.4M in Cobalt, mainly from Russia ($26.6M), Australia ($6.69M), Canada ($4.8M), United States ($3.48M), and Germany ($3.12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Russia$7.6M (25.8k%)
India$1.02M (140%)
Netherlands$789k (29.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Turkey WERE (2021 - 2022):
Finland-$21.7M (-100%)
Spain-$16M (-42.2%)
United Kingdom-$13.1M (-67.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Cobalt were:
In 2022, Turkey'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 POTENTIALUnited States+ $1.54M
TOP IMPORT POTENTIALMadagascar+ $1.47M

Cobalt’s highest export potential is United States. With an export gap of $1.54M.   Cobalt’s highest import potential is Madagascar with an import gap of $1.47M.

See methodology.

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