2023
Exports
$114MWorld Rnk 3 / 110
Flag Rnk 347 / 1215
2023
PRODUCT COMPLEXITY IN Magnesium Carbonate
-0.47Rnk 689 / 1025
2023
Imports
$58.6MWorld Rnk 12 / 168
Flag Rnk 478 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $114M in Magnesium Carbonate, making it the 3rd largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 347th most exported product in Turkey. The main destination of Magnesium Carbonate exports from Turkey are: Austria ($42.6M), Slovenia ($17M), Germany ($9.15M), India ($7.52M), and Ukraine ($6.79M).

The fastest growing export markets for Magnesium Carbonate of Turkey between 2022 and 2023 were Austria ($8.67M), Ukraine ($4.18M), and China ($780k).

Imports In 2023, Turkey imported $58.6M in Magnesium Carbonate, becoming the 12th largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 478th most imported product in Turkey. Turkey imports Magnesium Carbonate primarily from: China ($33.4M), Brazil ($5.36M), Mexico ($3.64M), Netherlands ($3.54M), and Greece ($2.95M).

The fastest growing import markets in Magnesium Carbonate for Turkey between 2022 and 2023 were Russia ($1.48M), Israel ($449k), and Germany ($301k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Magnesium Carbonate. Countries are shown based on data availability.

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$114M
IMPORTS (2023)$58.6M
NET TRADE (2023)$55M

In 2023, Turkey exported $114M in Magnesium Carbonate. The main destinations of Turkey exports on Magnesium Carbonate were Austria ($42.6M), Slovenia ($17M), Germany ($9.15M), India ($7.52M), and Ukraine ($6.79M).

In 2023, Turkey imported $58.6M in Magnesium Carbonate, mainly from China ($33.4M), Brazil ($5.36M), Mexico ($3.64M), Netherlands ($3.54M), and Greece ($2.95M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Austria$8.67M (25.6%)
Ukraine$4.18M (160%)
China$780k (72.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Carbonate BY Turkey WERE (2022 - 2023):
Slovenia-$9.21M (-35.1%)
Ireland-$6.06M (-86.9%)
India-$5.2M (-40.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Magnesium Carbonate were:
China $1.05B
In 2023, Turkey's main importing competitors in Magnesium Carbonate were:

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Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.89M
TOP IMPORT POTENTIALChina+ $1.66M

Magnesium Carbonate’s highest export potential is India. With an export gap of $2.89M.   Magnesium Carbonate’s highest import potential is China with an import gap of $1.66M.

See methodology.

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