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2022
Exports $76.4MWorld Rnk 1 / 67
Flag Rnk 2553 / 4606
2022
Destination $40.1M Indonesia
2021 - 2022
FASTEST GROWING MARKET $40.1MIndonesia
2022
Imports $1.49MWorld Rnk 12 / 123
Flag Rnk 3818 / 4539
2022
Origin $122k Russia
2021 - 2022
FASTEST GROWING ORIGIN $122kChina
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $76.4M in Natural magnesium carbonate (magnesite), making it the 1st largest exporter of Natural magnesium carbonate (magnesite) in the world. At the same year, Natural magnesium carbonate (magnesite) was the 2553rd most exported product in China. The main destination of Natural magnesium carbonate (magnesite) exports from China are: Indonesia ($52.5M), Japan ($14.7M), United States ($3.07M), New Zealand ($1.14M), and Canada ($789k).

The fastest growing export markets for Natural magnesium carbonate (magnesite) of China between 2021 and 2022 were Indonesia ($40.1M), Japan ($3.42M), and New Zealand ($573k).

Imports In 2018, China imported $1.49M in Natural magnesium carbonate (magnesite), becoming the 12th largest importer of Natural magnesium carbonate (magnesite) in the world. At the same year, Natural magnesium carbonate (magnesite) was the 3818th most imported product in China. China imports Natural magnesium carbonate (magnesite) primarily from: Russia ($541k), Turkey ($434k), Pakistan ($321k), China ($122k), and South Africa ($39.4k).

The fastest growing import markets in Natural magnesium carbonate (magnesite) for China between 2021 and 2022 were China ($122k), Pakistan ($60.5k), and South Africa ($37.9k).

COMPANIES In 2023, leading companies such as CrimsonLogic (98.6k), IKEA Group (48.7k), and Itourscm (19.1k) were at the forefront of shipping Natural magnesium carbonate (magnesite) from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Natural magnesium carbonate (magnesite) exports accounted up to $2.09M and imports accounted up to $59.3k, resulting in a positive trade balance of $2.03M. Between July 2023 and July 2024 the exports of China's   Natural magnesium carbonate (magnesite) have decreased by $-592k (-22%) from $2.69M to $2.09M, while imports decreased by $-58.9k (-49.8%) from $118k to $59.3k.

Destinations In July 2024, Natural magnesium carbonate (magnesite) were exported mostly to Indonesia ($1.55M), Japan ($367k), Philippines ($105k), United States ($57k), and Australia ($11.4k), and were imported mostly from Turkey ($46.1k), Pakistan ($9.53k), Australia ($2.42k), and Czechia ($1.27k).

Growth In July 2024, the decrease in Natural magnesium carbonate (magnesite)'s year-by-year exports was explained primarily by a decrease in exports to New Zealand ($-17.5k or -63.8%). In July 2024, the decrease in Natural magnesium carbonate (magnesite)'s year-by-year imports was explained primarily by a decrease in imports from Pakistan ($-15k or -62.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-592k(-22%)
IMPORT GROWTH (July 2023 - July 2024)$-58.9k(-49.8%)
MAIN EXPORTER (July 2024)Guangdong Province$3.46M
MAIN DESTINATION (July 2024)Indonesia$1.55M

This section shows Natural magnesium carbonate (magnesite)'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 Natural magnesium carbonate (magnesite) over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Natural magnesium carbonate (magnesite) 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
EXPORTS (2022)$76.4M
IMPORTS (2022)$1.49M
NET TRADE (2022)$74.9M

In 2022, China exported $76.4M in Natural magnesium carbonate (magnesite). The main destinations of China exports on Natural magnesium carbonate (magnesite) were Indonesia ($52.5M), Japan ($14.7M), United States ($3.07M), New Zealand ($1.14M), and Canada ($789k).

In 2022, China imported $1.49M in Natural magnesium carbonate (magnesite), mainly from Russia ($541k), Turkey ($434k), Pakistan ($321k), China ($122k), and South Africa ($39.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural magnesium carbonate (magnesite) EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$40.1M (324%)
Japan$3.42M (30.4%)
New Zealand$573k (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural magnesium carbonate (magnesite) BY China WERE (2021 - 2022):
United States-$3.67M (-54.4%)
Russia-$2.4M (-100%)
South Africa-$991k (-56%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Natural magnesium carbonate (magnesite) were:
Spain $17.4M
Turkey $6M
In 2022, China's main importing competitors in Natural magnesium carbonate (magnesite) were:
Indonesia $52.6M
Japan $14.7M
France $7.13M

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Trade Value of Natural magnesium carbonate (magnesite) by Exporters

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