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Cobalt oxides and hydroxides; commercial cobalt oxides

2822 (Harmonized System 1992 for 4-digit)

2023
World Trade $692MRnk 991 / 1217
2023
Top Exporter | Top Importer $163M | $79.5MFinland | Belgium
2023
Product Complexity -2.45Rnk 1032 / 1044
2022 - 2023
Export Growth (CAGR) -66.2%Rnk 1211 / 1217
2023
Share of World Trade 0.0031%Rnk 991 / 1217

About

Overview This page contains the latest trade data of Cobalt Oxides and Hydroxides. In 2023, Cobalt Oxides and Hydroxides were the world's 991st most traded product, with a total trade of $692M. Between 2022 and 2023 the exports of Cobalt Oxides and Hydroxides decreased by -66.2%, from $2.05B to $692M. Trade in Cobalt Oxides and Hydroxides represent 0.0031% of total world trade.

Cobalt Oxides and Hydroxides are a part of Inorganic chemicals. They include Cobalt oxides and hydroxides.

Exports In 2023 the top exporters of Cobalt Oxides and Hydroxides  were Finland ($163M), Democratic Republic of the Congo ($131M), China ($99.3M), South Africa ($75M), and Belgium ($70.2M).

Imports In 2023 the top importers of Cobalt Oxides and Hydroxides were Belgium ($79.5M), South Korea ($77.2M), China ($73.2M), Namibia ($61.7M), and Zambia ($61.7M).

Ranking Cobalt Oxides and Hydroxides ranks 1032nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Cobalt Oxides and Hydroxides. 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)Finland$163M
Top Destination (2023)Belgium$79.5M

In 2023 Cobalt Oxides and Hydroxides were the world's 991st most traded product (out of 1,217).

In 2023, the top exporters of Cobalt Oxides and Hydroxides were Finland ($163M), Democratic Republic of the Congo ($131M), China ($99.3M), South Africa ($75M), and Belgium ($70.2M).

In 2023, the top importers of Cobalt Oxides and Hydroxides were Belgium ($79.5M), South Korea ($77.2M), China ($73.2M), Namibia ($61.7M), and Zambia ($61.7M).

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Exporters of Cobalt Oxides and Hydroxides (2023)
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Importers of Cobalt Oxides and Hydroxides (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Republic of the Congo$16.9M
Top Destination Growth (2022 -  2023)South Africa$50.5M

Between 2022 and 2023, the exports of Cobalt Oxides and Hydroxides grew the fastest in Republic of the Congo ($16.9M), Brazil ($8.01M), Malaysia ($7.12M), Italy ($1.36M), and United States ($1.16M).

Between 2022 and 2023, the fastest growing importers of Cobalt Oxides and Hydroxides were South Africa ($50.5M), Malaysia ($14.7M), Turkey ($5.55M), China ($4.7M), and Saudi Arabia ($1.29M).

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Exporters of Cobalt Oxides and Hydroxides (2022 - 2023)

Importers of Cobalt Oxides and Hydroxides (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Cobalt Oxides and Hydroxides.

In 2023, market concentration measured using Shannon Entropy, was 3.28. This means that most of the exports of Cobalt Oxides and Hydroxides are explained by 9 countries.

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Value of Exports in Cobalt Oxides and Hydroxides

Net Trade

TOP NET EXPORTER (2023)Finland$151M
TOP NET IMPORTER (2023)South Korea$76.9M

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

In 2023, the countries that had a largest trade value in exports than in imports of Cobalt Oxides and Hydroxides were Finland ($151M), Democratic Republic of the Congo ($131M), China ($26M), South Africa ($24.4M), and Republic of the Congo ($16.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Cobalt Oxides and Hydroxides were South Korea ($76.9M), Namibia ($50.6M), United States ($34.9M), Spain ($25.8M), and Germany ($25M).

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 Oxides and Hydroxides.
It is possible to select the main countries that export or import Cobalt Oxides and Hydroxides in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Cobalt Oxides and Hydroxides by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALSouth Korea+ $4.85M
TOP IMPORT POTENTIALSouth Africa+ $3.07k

Cobalt Oxides and Hydroxides’s highest export potential is South Korea. With an export gap of $4.85M.  Cobalt Oxides and Hydroxides’s highest import potential is South Africa with an import gap of $3.07k.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Cobalt Oxides and Hydroxides.

Country by Relatedness

The following visualization shows the relatedness of Cobalt Oxides and Hydroxides to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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