Cobalt in South Africa | The Observatory of Economic Complexity

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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

February 2024

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Overview In February 2024 South Africa's Cobalt exports accounted up to ZAR13M and imports accounted up to ZAR425k, resulting in a positive trade balance of ZAR12.6M. Between February 2023 and February 2024 the exports of South Africa's Cobalt have increased by ZAR2.25M (20.9%) from ZAR10.8M to ZAR13M, while imports decreased by ZAR-4.19M (-90.8%) from ZAR4.61M to ZAR425k.

Destinations In February 2024, Cobalt were exported mostly to Ireland (ZAR3.59M), Japan (ZAR2.6M), Netherlands (ZAR2.54M), Belgium (ZAR1.91M), and Zambia (ZAR1.17M), and were imported mostly from Germany (ZAR204k), China (ZAR135k), United States (ZAR86.7k), and Namibia (ZAR168).

Growth In February 2024, the increase in Cobalt's year-by-year exports was explained primarily by an increase in exports to Ireland (ZAR954k or 46.3%), Netherlands (ZAR853k or 56.5%), and Japan (ZAR208k or 27.2%). In February 2024, the decrease in Cobalt's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)ZAR2.25M(20.9%)

IMPORT GROWTH (February 2023 - February 2024)ZAR-4.19M(-90.8%)

MAIN EXPORTER (February 2024)DurbanZAR7.66M

MAIN DESTINATION (February 2024)IrelandZAR3.59M

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

Trade Value

Growth

Growth (%)

Year

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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