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2022
Exports $1.24BWorld Rnk 1 / 116
Flag Rnk 393 / 1216
2022
Destination $51.8M United States
2021 - 2022
FASTEST GROWING MARKET $51.8MIndonesia
2022
PRODUCT COMPLEXITY IN Magnesium Carbonate-0.46Rnk 685 / 1025
2022
Imports $46.3MWorld Rnk 18 / 172
Flag Rnk 796 / 1212
2022
Origin $2.74M Japan
2021 - 2022
FASTEST GROWING ORIGIN $2.74MMexico
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.24B in Magnesium Carbonate, making it the 1st largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 393rd most exported product in China. The main destination of Magnesium Carbonate exports from China are: United States ($197M), Japan ($165M), Netherlands ($126M), India ($110M), and Indonesia ($110M).

The fastest growing export markets for Magnesium Carbonate of China between 2021 and 2022 were Indonesia ($51.8M), United States ($48M), and Germany ($37.9M).

Imports In 2022, China imported $46.3M in Magnesium Carbonate, becoming the 18th largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 796th most imported product in China. China imports Magnesium Carbonate primarily from: Japan ($23.4M), Russia ($4.42M), Mexico ($4.16M), Israel ($3.66M), and United States ($2.8M).

The fastest growing import markets in Magnesium Carbonate for China between 2021 and 2022 were Mexico ($2.74M), Germany ($1.26M), and Tanzania ($530k).

Latest Trends

September 2024

About

Overview In September 2024 China's Magnesium Carbonate exports accounted up to $65.5M and imports accounted up to $4.42M, resulting in a positive trade balance of $61.1M. Between September 2023 and September 2024 the exports of China's   Magnesium Carbonate have increased by $2.16M (3.41%) from $63.3M to $65.5M, while imports decreased by $-60.4k (-1.35%) from $4.48M to $4.42M.

Destinations In September 2024, Magnesium Carbonate were exported mostly to Japan ($10.2M), India ($10.2M), United States ($8.24M), Indonesia ($5.51M), and Netherlands ($4.91M), and were imported mostly from Japan ($3.12M), Mexico ($641k), United States ($289k), Israel ($188k), and Turkey ($46.2k).

Growth In September 2024, the increase in Magnesium Carbonate's year-by-year exports was explained primarily by an increase in exports to Indonesia ($3.44M or 30.4%), South Africa ($1.76M or 151%), and Serbia ($1.12M or 16.3k%). In September 2024, the decrease in Magnesium Carbonate's year-by-year imports was explained primarily by a decrease in imports from Japan ($-828k or -26.9%), Russia ($-512k or -58.7%), and United States ($-320k or -78%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$2.16M(3.41%)
IMPORT GROWTH (September 2023 - September 2024)$-60.4k(-1.35%)
MAIN EXPORTER (September 2024)Liaoning Province$50.3M
MAIN DESTINATION (September 2024)Japan$10.2M

This section shows Magnesium Carbonate'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 Carbonate over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.24B
IMPORTS (2022)$46.3M
NET TRADE (2022)$1.19B

In 2022, China exported $1.24B in Magnesium Carbonate. The main destinations of China exports on Magnesium Carbonate were United States ($197M), Japan ($165M), Netherlands ($126M), India ($110M), and Indonesia ($110M).

In 2022, China imported $46.3M in Magnesium Carbonate, mainly from Japan ($23.4M), Russia ($4.42M), Mexico ($4.16M), Israel ($3.66M), and United States ($2.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$51.8M (89.6%)
United States$48M (32.1%)
Germany$37.9M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Carbonate BY China WERE (2021 - 2022):
Austria-$18.4M (-59.3%)
Brazil-$17.7M (-67.1%)
South Korea-$15.4M (-16.1%)
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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 Carbonate were:
United States $185M
Netherlands $119M
In 2022, China's main importing competitors in Magnesium Carbonate were:
United States $334M
Germany $230M
Democratic Republic of the Congo $214M

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Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $38.3M
TOP IMPORT POTENTIALRussia+ $2.12M

Magnesium Carbonate’s highest export potential is India. With an export gap of $38.3M.   Magnesium Carbonate’s highest import potential is Russia with an import gap of $2.12M.

See methodology.

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