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Cobalt oxides: top exporters and importers (2024)

In 2024, world trade in cobalt oxides totaled $769 million (71 thousand tonnes). The top exporters were the Democratic Republic of the Congo (29%), Finland (18%) and Namibia (15%); the top importers were Namibia (19%), China (11%) and South Korea (11%). Compared with 2019, the value fell 59%.

Summary

World trade
$769million
Tonnes
71thousand tonnes
Price per tonne
$10,792
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Democratic Republic of the Congo$222 million · 28.9%
  2. Finland$140 million · 18.2%
  3. Namibia$119 million · 15.5%
  4. China$90 million · 11.7%
  5. Zambia$82 million · 10.7%
  6. Belgium$59 million · 7.6%
    re-exports
  7. United Kingdom$14 million · 1.9%
  8. Taiwan$13 million · 1.7%
  9. Germany$5 million · 0.69%
  10. Brazil$3 million · 0.41%
  11. Italy$3 million · 0.39%
  12. United States$3 million · 0.39%
  13. India$2 million · 0.28%
  14. Netherlands$2 million · 0.25%
    re-exports
  15. Spain$2 million · 0.23%
  16. South Africa$2 million · 0.23%
  17. Malaysia$1 million · 0.17%
  18. Sweden$1 million · 0.16%
  19. South Korea$1 million · 0.15%
  20. Hong Kong$860 thousand · 0.11%
    re-exports

Top importers

  1. Namibia$144 million · 18.7%
  2. China$88 million · 11.5%
  3. South Korea$82 million · 10.7%
  4. South Africa$79 million · 10.3%
  5. Zambia$67 million · 8.7%
  6. Belgium$58 million · 7.6%
    re-exports
  7. United States$38 million · 4.9%
  8. Germany$26 million · 3.4%
  9. Spain$19 million · 2.4%
  10. Japan$17 million · 2.3%
  11. Saudi Arabia$17 million · 2.2%
  12. Switzerland$15 million · 2%
  13. Taiwan$14 million · 1.9%
  14. Italy$11 million · 1.4%
  15. India$9 million · 1.2%
  16. France$9 million · 1.2%
  17. Netherlands$9 million · 1.1%
    re-exports
  18. Malaysia$8 million · 1.1%
  19. Turkey$8 million · 1%
  20. Mexico$7 million · 0.96%

Trend

Who sells it

The Democratic Republic of the Congo has been the top exporter since 2015

Value in USD billions. The five largest exporters in 2024.

  • Democratic Republic of the Congo 0.22
  • Finland 0.14
  • Namibia 0.12
  • China 0.09
  • Zambia 0.08

Source: CEPII BACI

Show the numbers
Country19952024
Democratic Republic of the Congo< 0.010.22
Finland0.060.14
Namibia00.12
China0.010.09
Zambia< 0.010.08

Price

Implied price

The price per tonne fell 63% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $10,792

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$29,406
1996$30,077
1997$21,356
1998$29,038
1999$12,266
2000$21,837
2001$16,843
2002$3,874
2003$15,827
2004$31,222
2005$22,807
2006$17,970
2007$19,405
2008$54,647
2009$22,613
2010$26,160
2011$21,771
2012$20,942
2013$21,572
2014$16,119
2015$13,147
2016$10,048
2017$16,705
2018$21,209
2019$11,055
2020$9,958
2021$14,431
2022$23,716
2023$10,331
2024$10,792

What it includes

  • 2822 · Cobalt oxides

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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