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falsefalse Canada
2021 - 2022
FASTEST GROWING MARKETfalseTurkey
2022
ImportsfalseWorld Rnk 50 / 112
Flag Rnk 3543 / 4539
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported N/A in Magnesium unwrought > 99.8% pure, making it the 1st largest exporter of Magnesium unwrought > 99.8% pure in the world. At the same year, Magnesium unwrought > 99.8% pure was the 506th most exported product in China. The main destination of Magnesium unwrought > 99.8% pure exports from China are: Canada ($143M), India ($121M), Japan ($97.4M), Turkey ($82.4M), and United Arab Emirates ($81.3M).

The fastest growing export markets for Magnesium unwrought > 99.8% pure of China between 2021 and 2022 were Turkey ($63.3M), Canada ($58.2M), and India ($54.1M).

Imports In 2022, China imported $2.76M in Magnesium unwrought > 99.8% pure, becoming the 50th largest importer of Magnesium unwrought > 99.8% pure in the world. At the same year, Magnesium unwrought > 99.8% pure was the 3543rd most imported product in China. China imports Magnesium unwrought > 99.8% pure primarily from: Russia ($2.71M), South Korea ($19k), Norway ($11.4k), Canada ($6.9k), and Vietnam ($4.57k).

COMPANIES In 2023, leading companies such as CrimsonLogic (98.6k), IKEA Group (48.7k), and Itourscm (19.1k) were at the forefront of shipping Magnesium unwrought > 99.8% pure from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Magnesium unwrought > 99.8% pure exports accounted up to $49.9M and imports accounted up to $4.93k, resulting in a positive trade balance of $49.9M. Between July 2023 and July 2024 the exports of China's   Magnesium unwrought > 99.8% pure have decreased by $-7.03M (-12.3%) from $56.9M to $49.9M, while imports increased by $622 (14.4%) from $4.31k to $4.93k.

Destinations In July 2024, Magnesium unwrought > 99.8% pure were exported mostly to Netherlands ($10.9M), Canada ($5.8M), South Korea ($4.32M), India ($4.3M), and United Arab Emirates ($4.09M), and were imported mostly from South Korea ($4.93k).

Growth In July 2024, the decrease in Magnesium unwrought > 99.8% pure's year-by-year exports was explained primarily by a decrease in exports to Bahrain ($-6.77M or -90.9%), Canada ($-6.51M or -46.9%), and Russia ($-5.66M or -56.5%). In July 2024, the increase in Magnesium unwrought > 99.8% pure's year-by-year imports was explained primarily by an increase in imports from South Korea ($3.19k or 186%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-7.03M(-12.3%)
IMPORT GROWTH (May 2023 - July 2024)$622(14.4%)
MAIN EXPORTER (July 2024)Guangdong Province$42.9M
MAIN DESTINATION (July 2024)Netherlands$10.9M

This section shows Magnesium unwrought > 99.8% pure's exports and imports data at subnational level for China. 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 Magnesium unwrought > 99.8% pure over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Magnesium unwrought > 99.8% pure throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$2.76M

In N/A, China exported N/A in Magnesium unwrought > 99.8% pure. The main destinations of China exports on Magnesium unwrought > 99.8% pure were Canada ($143M), India ($121M), Japan ($97.4M), Turkey ($82.4M), and United Arab Emirates ($81.3M).

In 2022, China imported $2.76M in Magnesium unwrought > 99.8% pure, mainly from Russia ($2.71M), South Korea ($19k), Norway ($11.4k), Canada ($6.9k), and Vietnam ($4.57k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium unwrought > 99.8% pure EXPORT MARKETS FOR China WERE (2021 - 2022):
Turkey$63.3M (332%)
Canada$58.2M (68.4%)
India$54.1M (81.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium unwrought > 99.8% pure BY China WERE (2021 - 2022):
Germany-$13.5M (-52.3%)
Japan-$12.7M (-11.5%)
Saudi Arabia-$6.6M (-25.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Magnesium unwrought > 99.8% pure were:
Israel $161M
Turkey $127M
In 2022, China's main importing competitors in Magnesium unwrought > 99.8% pure were:
United States $294M
Canada $154M
India $133M

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Trade Value of Magnesium unwrought > 99.8% pure by Exporters

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