The global export of cobalt shows Canada leading with 9.7972 million kilograms, exhibiting a slight decrease over the previous year. The United States and China follow, both showing growth, with China seeing a 2.29% year-on-year increase. Madagascar and South Korea also display substantial growth, with year-on-year increases of 5.23% and 9.01% respectively. Belgium's export has declined by 5.5%, and Australia also sees a reduction of 7.88%. Countries like Mexico and Belarus show significant growth percentages, although from smaller bases. Over the last five years, the CAGR indicates stable growth for several countries, suggesting consistent demand for cobalt exports.
Future trends in cobalt exportation should focus on technological advancements in battery production and electric vehicles. The demand for sustainable and ethical mining practices will influence export trends, especially from African countries. Monitoring geopolitical shifts and trade policies will also be crucial, as they could significantly impact global cobalt trade dynamics.
Top countries in Export of Cobalt by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 9,797,200 | 2023 | +0.96% | -0.63% | View data |
| 2 | 2 United States | 8,033,400 | 2023 | +3.97% | +3.11% | View data |
| 3 | 3 China | 5,548,100 | 2023 | +3.45% | +2.29% | View data |
| 4 | 4 Russia | 5,086,500 | 2023 | -3.7% | -4.66% | View data |
| 5 | 5 Japan | 3,931,800 | 2023 | +1.53% | +0.05% | View data |
| 6 | 6 Madagascar | 3,620,500 | 2023 | +3.82% | +5.23% | View data |
| 7 | 7 South Korea | 3,546,900 | 2023 | +4.31% | +9.01% | View data |
| 8 | 8 United Kingdom | 3,261,100 | 2023 | +3.61% | +1.72% | View data |
| 9 | 9 Belgium | 2,035,200 | 2023 | +1.62% | -5.5% | View data |
| 10 | 10 Morocco | 2,006,100 | 2023 | +1.55% | +2.65% | View data |
