Cobalt in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $398M in Cobalt, making it the 3rd largest exporter of Cobalt in the world. At the same year, Cobalt was the 446th most exported product in United States. The main destination of Cobalt exports from United States are: China ($75.1M), Ireland ($45.9M), United Kingdom ($39.6M), Canada ($38.2M), and Germany ($30.3M).

The fastest growing export markets for Cobalt of United States between 2021 and 2022 were China ($11.9M), United Kingdom ($11.7M), and United Arab Emirates ($10.7M).

Imports In 2022, United States imported $523M in Cobalt, becoming the 3rd largest importer of Cobalt in the world. At the same year, Cobalt was the 528th most imported product in United States. United States imports Cobalt primarily from: Norway ($171M), Canada ($67.1M), Japan ($63.9M), United Kingdom ($44.7M), and Finland ($26M).

The fastest growing import markets in Cobalt for United States between 2021 and 2022 were Norway ($23.9M), United Kingdom ($23.3M), and Japan ($21.2M).

Latest Trends

August 2024

About

Overview In August 2024 United States' Cobalt exports accounted up to $33.9M and imports accounted up to $27.3M, resulting in a positive trade balance of $6.65M. Between August 2023 and August 2024 the exports of United States' Cobalt have increased by $2.38M (7.56%) from $31.5M to $33.9M, while imports increased by $5.08M (22.9%) from $22.2M to $27.3M.

Destinations In August 2024, Cobalt were exported mostly to United Kingdom ($4.08M), France ($3.65M), Ireland ($3.64M), China ($2.91M), and Singapore ($2.38M), and were imported mostly from Canada ($7.12M), Japan ($4.11M), United Kingdom ($3.82M), Norway ($2.63M), and Germany ($2.55M).

Growth In August 2024, the increase in Cobalt's year-by-year exports was explained primarily by an increase in exports to Singapore ($4.39M or 667%), South Korea ($2.19M or 659%), and France ($1.86M or 142%). In August 2024, the increase in Cobalt's year-by-year imports was explained primarily by an increase in imports from Canada ($4.42M or 134%), Finland ($2.72M or 131%), and United Kingdom ($1.25M or 30.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$2.38M(7.56%)

IMPORT GROWTH (August 2023 - August 2024)$5.08M(22.9%)

MAIN EXPORTER (August 2024)Indiana$13.2M

MAIN DESTINATION (August 2024)United Kingdom$4.08M

This section shows Cobalt's exports and imports data at subnational level for United States. 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)$398M

IMPORTS (2022)$523M

NET TRADE (2022)-$125M

In 2022, United States exported $398M in Cobalt. The main destinations of United States exports on Cobalt were China ($75.1M), Ireland ($45.9M), United Kingdom ($39.6M), Canada ($38.2M), and Germany ($30.3M).

In 2022, United States imported $523M in Cobalt, mainly from Norway ($171M), Canada ($67.1M), Japan ($63.9M), United Kingdom ($44.7M), and Finland ($26M).

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