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2023
Exports $3.51MWorld Rnk 30 / 110
Flag Rnk 1073 / 1216
2023
Destination $309k United States
2022 - 2023
FASTEST GROWING MARKET $309kUnited States
2023
PRODUCT COMPLEXITY IN Magnesium Carbonate-0.47Rnk 689 / 1025
2023
Imports $33.7MWorld Rnk 18 / 168
Flag Rnk 818 / 1213
2023
Origin $931k Austria
2022 - 2023
FASTEST GROWING ORIGIN $931kSlovakia
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $3.51M in Magnesium Carbonate, making it the 30th largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 1073rd most exported product in Italy. The main destination of Magnesium Carbonate exports from Italy are: United States ($548k), Slovakia ($349k), China ($275k), France ($268k), and Spain ($235k).

The fastest growing export markets for Magnesium Carbonate of Italy between 2022 and 2023 were United States ($309k), Slovakia ($215k), and Morocco ($71k).

Imports In 2023, Italy imported $33.7M in Magnesium Carbonate, becoming the 18th largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 818th most imported product in Italy. Italy imports Magnesium Carbonate primarily from: Austria ($6.23M), China ($4.84M), Greece ($4.71M), Slovakia ($2.98M), and Germany ($2.93M).

The fastest growing import markets in Magnesium Carbonate for Italy between 2022 and 2023 were Slovakia ($931k), Austria ($594k), and Spain ($326k).

COMPANIES In 2023, leading companies such as RHI Magnesita (1) were at the forefront of shipping Magnesium Carbonate from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Magnesium Carbonate exports accounted up to €560k and imports accounted up to €4.42M, resulting in a negative trade balance of €3.86M. Between October 2023 and October 2024 the exports of Italy's   Magnesium Carbonate have increased by €421k (304%) from €139k to €560k, while imports increased by €1.23M (38.5%) from €3.19M to €4.42M.

Destinations In October 2024, Magnesium Carbonate were exported mostly to United States (€196k), China (€80.8k), Germany (€47.8k), Slovakia (€36.6k), and France (€27.2k), and were imported mostly from China (€2.01M), Austria (€624k), Germany (€551k), Greece (€432k), and Mexico (€233k).

Growth In October 2024, the increase in Magnesium Carbonate's year-by-year exports was explained primarily by an increase in exports to Spain (€21.5k or 110%), France (€9.57k or 40.3%), and Poland (€6.6k or 109%). In October 2024, the increase in Magnesium Carbonate's year-by-year imports was explained primarily by an increase in imports from Spain (€207k or 321%), Greece (€174k or 44.8%), and Germany (€102k or 30.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€421k(304%)
IMPORT GROWTH (October 2023 - October 2024)€1.23M(38.5%)
MAIN DESTINATION (October 2024)United States€196k

This section shows Magnesium Carbonate's exports and imports data at subnational level for Italy. 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 (2023)$3.51M
IMPORTS (2023)$33.7M
NET TRADE (2023)-$30.2M

In 2023, Italy exported $3.51M in Magnesium Carbonate. The main destinations of Italy exports on Magnesium Carbonate were United States ($548k), Slovakia ($349k), China ($275k), France ($268k), and Spain ($235k).

In 2023, Italy imported $33.7M in Magnesium Carbonate, mainly from Austria ($6.23M), China ($4.84M), Greece ($4.71M), Slovakia ($2.98M), and Germany ($2.93M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR Italy WERE (2022 - 2023):
United States$309k (129%)
Slovakia$215k (160%)
Morocco$71k (88.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Carbonate BY Italy WERE (2022 - 2023):
Poland-$479k (-69.8%)
Norway-$209k (-86.1%)
France-$120k (-31%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Magnesium Carbonate were:
China $1.05B
Brazil $122M
Turkey $114M
In 2023, Italy's main importing competitors in Magnesium Carbonate were:
United States $235M
Germany $192M
India $171M

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Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $354k
TOP IMPORT POTENTIALChina+ $3.86M

Magnesium Carbonate’s highest export potential is France. With an export gap of $354k.   Magnesium Carbonate’s highest import potential is China with an import gap of $3.86M.

See methodology.

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