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2022
Exports $111MWorld Rnk 16 / 97
Flag Rnk 129 / 1213
2022
Destination $52.7M Malaysia
2021 - 2022
FASTEST GROWING MARKET $52.7MMalaysia
2022
PRODUCT COMPLEXITY IN Cobalt-1.74Rnk 975 / 1025
2022
Imports $9.02MWorld Rnk 33 / 159
Flag Rnk 669 / 1213
2022
Origin $1.26M Madagascar
2021 - 2022
FASTEST GROWING ORIGIN $1.26MMadagascar
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $111M in Cobalt, making it the 16th largest exporter of Cobalt in the world. At the same year, Cobalt was the 129th most exported product in South Africa. The main destination of Cobalt exports from South Africa are: Malaysia ($58.4M), Netherlands ($30.7M), Canada ($9.44M), United States ($2.05M), and Ireland ($2.04M).

The fastest growing export markets for Cobalt of South Africa between 2021 and 2022 were Malaysia ($52.7M), Netherlands ($26.4M), and Canada ($8.84M).

Imports In 2022, South Africa imported $9.02M in Cobalt, becoming the 33rd largest importer of Cobalt in the world. At the same year, Cobalt was the 669th most imported product in South Africa. South Africa imports Cobalt primarily from: Madagascar ($8.22M), United States ($156k), France ($154k), Norway ($144k), and Germany ($138k).

The fastest growing import markets in Cobalt for South Africa between 2021 and 2022 were Madagascar ($1.26M), Netherlands ($85.8k), and France ($52.9k).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Cobalt exports accounted up to ZAR4.89M and imports accounted up to ZAR150k, resulting in a positive trade balance of ZAR4.74M. Between August 2023 and August 2024 the exports of South Africa's   Cobalt have decreased by ZAR-70.9M (-93.5%) from ZAR75.8M to ZAR4.89M, while imports decreased by ZAR-116k (-43.6%) from ZAR265k to ZAR150k.

Destinations In August 2024, Cobalt were exported mostly to United States (ZAR2.94M), Japan (ZAR1.21M), Ireland (ZAR736k), Germany (ZAR617), and Sweden (ZAR237), and were imported mostly from United States (ZAR65.8k), Japan (ZAR47.4k), Germany (ZAR23k), Belgium (ZAR8.08k), and China (ZAR5.27k).

Growth In August 2024, the decrease in Cobalt's year-by-year exports was explained primarily by a decrease in exports to Sweden (ZAR-24.1k or -98.9%) and Democratic Republic of the Congo (ZAR-20.5k or -86.3%). In August 2024, the decrease in Cobalt's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR-70.9M(-93.5%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-116k(-43.6%)
MAIN EXPORTER (August 2024)DurbanZAR13.7M
MAIN DESTINATION (August 2024)United StatesZAR2.94M

This section shows Cobalt's exports and imports data at subnational level for South Africa. 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
EXPORTS (2022)$111M
IMPORTS (2022)$9.02M
NET TRADE (2022)$102M

In 2022, South Africa exported $111M in Cobalt. The main destinations of South Africa exports on Cobalt were Malaysia ($58.4M), Netherlands ($30.7M), Canada ($9.44M), United States ($2.05M), and Ireland ($2.04M).

In 2022, South Africa imported $9.02M in Cobalt, mainly from Madagascar ($8.22M), United States ($156k), France ($154k), Norway ($144k), and Germany ($138k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cobalt EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Malaysia$52.7M (926%)
Netherlands$26.4M (608%)
Canada$8.84M (1.47k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cobalt BY South Africa WERE (2021 - 2022):
China-$6.84M (-89.1%)
Japan-$2.96M (-71.6%)
Chile-$1.31M (-60.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Cobalt were:
Democratic Republic of the Congo $5.99B
Canada $628M
United States $398M
In 2022, South Africa's main importing competitors in Cobalt were:
China $6.07B
Japan $585M
United States $523M

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Trade Value of Cobalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.75M
TOP IMPORT POTENTIALUnited States+ $226k

Cobalt’s highest export potential is China. With an export gap of $2.75M.   Cobalt’s highest import potential is United States with an import gap of $226k.

See methodology.

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