2022
Exports
$951kWorld Rnk 51 / 97
Flag Rnk 919 / 1176
2022
PRODUCT COMPLEXITY IN Cobalt
-1.74Rnk 975 / 1025
2022
Imports
$11.4MWorld Rnk 31 / 159
Flag Rnk 823 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $951k in Cobalt, making it the 51st largest exporter of Cobalt in the world. At the same year, Cobalt was the 919th most exported product in Vietnam. The main destination of Cobalt exports from Vietnam are: Poland ($554k), China ($169k), United States ($118k), Japan ($110k), and South Korea ($10).

The fastest growing export markets for Cobalt of Vietnam between 2021 and 2022 were Poland ($170k), China ($167k), and United States ($111k).

Imports In 2022, Vietnam imported $11.4M in Cobalt, becoming the 31st largest importer of Cobalt in the world. At the same year, Cobalt was the 823rd most imported product in Vietnam. Vietnam imports Cobalt primarily from: China ($6.16M), Japan ($1.41M), Morocco ($1.29M), South Korea ($796k), and Russia ($635k).

The fastest growing import markets in Cobalt for Vietnam between 2021 and 2022 were Russia ($635k), South Korea ($324k), and South Africa ($227k).

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)$951k
IMPORTS (2022)$11.4M
NET TRADE (2022)-$10.4M

In 2022, Vietnam exported $951k in Cobalt. The main destinations of Vietnam exports on Cobalt were Poland ($554k), China ($169k), United States ($118k), Japan ($110k), and South Korea ($10).

In 2022, Vietnam imported $11.4M in Cobalt, mainly from China ($6.16M), Japan ($1.41M), Morocco ($1.29M), South Korea ($796k), and Russia ($635k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Poland$170k (44.2%)
China$167k (10.5k%)
United States$111k (1.56k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY Vietnam WERE (2021 - 2022):South Korea-$393k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Cobalt were:
In 2022, Vietnam'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+ $1.03M
TOP IMPORT POTENTIALChina+ $762k

Cobalt’s highest export potential is China. With an export gap of $1.03M.   Cobalt’s highest import potential is China with an import gap of $762k.

See methodology.

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