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260500 (Harmonized System 1992 for 6-digit)

2023
World Trade $97.4MRnk 4071 / 4644
2023
Top Exporter | Top Importer $67.1M | $39.1MDemocratic Republic of the Congo | China
2023
Product Complexity -2.75Rnk 4637 / 4656
2022 - 2023
Export Growth (CAGR) -55.1%Rnk 4545 / 4644
2023
Share of World Trade 0.00043%Rnk 4071 / 4644

About

Overview This page contains the latest trade data of Cobalt ores and concentrates. In 2023, Cobalt ores and concentrates were the world's 4071st most traded product, with a total trade of $97.4M. Between 2022 and 2023 the exports of Cobalt ores and concentrates decreased by -55.1%, from $217M to $97.4M. Trade in Cobalt ores and concentrates represent 0.00043% of total world trade.

Cobalt ores and concentrates are a part of Cobalt Ore.

Exports In 2023 the top exporters of Cobalt ores and concentrates  were Democratic Republic of the Congo ($67.1M), Austria ($11.1M), Italy ($5.93M), Chinese Taipei ($5.5M), and Germany ($1.74M).

Imports In 2023 the top importers of Cobalt ores and concentrates were China ($39.1M), Chinese Taipei ($19.9M), Finland ($16.7M), Morocco ($8.56M), and France ($5.75M).

Ranking Cobalt ores and concentrates ranks 4637th in the Product Complexity Index (PCI).

Description Cobalt ores are used as catalysts for the production of polyester, polyvinyl chloride, and other organic chemicals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Cobalt ores and concentrates. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Democratic Republic of the Congo$67.1M
Top Destination (2023)China$39.1M

In 2023 Cobalt ores and concentrates were the world's 4071st most traded product (out of 4,644).

In 2023, the top exporters of Cobalt ores and concentrates were Democratic Republic of the Congo ($67.1M), Austria ($11.1M), Italy ($5.93M), Chinese Taipei ($5.5M), and Germany ($1.74M).

In 2023, the top importers of Cobalt ores and concentrates were China ($39.1M), Chinese Taipei ($19.9M), Finland ($16.7M), Morocco ($8.56M), and France ($5.75M).

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Exporters of Cobalt ores and concentrates (2023)
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Importers of Cobalt ores and concentrates (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Chinese Taipei$5.45M
Top Destination Growth (2022 -  2023)Chinese Taipei$4.2M

Between 2022 and 2023, the exports of Cobalt ores and concentrates grew the fastest in Chinese Taipei ($5.45M), Italy ($3.76M), Malaysia ($1.29M), Madagascar ($322k), and United States ($219k).

Between 2022 and 2023, the fastest growing importers of Cobalt ores and concentrates were Chinese Taipei ($4.2M), France ($3.54M), Germany ($1.39M), South Korea ($503k), and Vietnam ($381k).

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Exporters of Cobalt ores and concentrates (2022 - 2023)

Importers of Cobalt ores and concentrates (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cobalt ores and concentrates.

In 2023, market concentration measured using Shannon Entropy, was 1.77. This means that most of the exports of Cobalt ores and concentrates are explained by 3 countries.

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Value of Exports in Cobalt ores and concentrates

Net Trade

TOP NET EXPORTER (2023)Democratic Republic of the Congo$67.1M
TOP NET IMPORTER (2023)China$38.9M

This map shows which countries export or import more of Cobalt ores and concentrates. Each country is colored based on the difference in exports and imports of Cobalt ores and concentrates during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Cobalt ores and concentrates were Democratic Republic of the Congo ($67.1M), Austria ($11.1M), Italy ($4.77M), Netherlands ($1.02M), and Sweden ($715k).

In 2023, the countries that had a largest trade value in imports than in exports of Cobalt ores and concentrates were China ($38.9M), Chinese Taipei ($14.4M), Morocco ($8.56M), France ($5.72M), and United States ($688k).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Cobalt ores and concentrates.
It is possible to select the main countries that export or import Cobalt ores and concentrates in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Cobalt ores and concentrates by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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