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2023
Exports $87.4MWorld Rnk 5 / 110
Flag Rnk 731 / 1217
2023
Destination $7.98M Mauritius
2022 - 2023
FASTEST GROWING MARKET $7.98MNamibia
2023
PRODUCT COMPLEXITY IN Magnesium Carbonate-0.47Rnk 689 / 1025
2023
Imports $235MWorld Rnk 1 / 168
Flag Rnk 704 / 1215
2023
Origin $7.43M China
2022 - 2023
FASTEST GROWING ORIGIN $7.43MBrazil
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $87.4M in Magnesium Carbonate, making it the 5th largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 731st most exported product in United States. The main destination of Magnesium Carbonate exports from United States are: Mauritius ($37.8M), Namibia ($17.4M), Canada ($5.97M), China ($3.33M), and Zambia ($3.08M).

The fastest growing export markets for Magnesium Carbonate of United States between 2022 and 2023 were Namibia ($7.98M), Zambia ($3.08M), and United Arab Emirates ($1.22M).

Imports In 2023, United States imported $235M in Magnesium Carbonate, becoming the 1st largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 704th most imported product in United States. United States imports Magnesium Carbonate primarily from: China ($110M), Brazil ($29.1M), Canada ($26.5M), Israel ($25M), and Japan ($10.4M).

The fastest growing import markets in Magnesium Carbonate for United States between 2022 and 2023 were Brazil ($7.43M), Mexico ($6.03M), and United Kingdom ($2.44M).

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

Latest Trends

November 2024

About

Overview In November 2024 United States' Magnesium Carbonate exports accounted up to $3.22M and imports accounted up to $19M, resulting in a negative trade balance of $15.8M. Between November 2023 and November 2024 the exports of United States'   Magnesium Carbonate have decreased by $-523k (-14%) from $3.74M to $3.22M, while imports increased by $10.9M (134%) from $8.11M to $19M.

Destinations In November 2024, Magnesium Carbonate were exported mostly to Canada ($736k), Mexico ($453k), South Korea ($283k), Netherlands ($253k), and China ($225k), and were imported mostly from China ($8.83M), Brazil ($3.49M), Canada ($1.97M), Israel ($1.68M), and Japan ($1.16M).

Growth In November 2024, the decrease in Magnesium Carbonate's year-by-year exports was explained primarily by a decrease in exports to Mauritius ($-763k or -16.9%), China ($-112k or -29.7%), and Canada ($-61.9k or -6.23%). In November 2024, the increase in Magnesium Carbonate's year-by-year imports was explained primarily by an increase in imports from China ($13.7M or 107%), Canada ($250k or 11%), and Spain ($93.1k or 60.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-523k(-14%)
IMPORT GROWTH (November 2023 - November 2024)$10.9M(134%)
MAIN EXPORTER (November 2024)Michigan$1.77M
MAIN DESTINATION (November 2024)Canada$736k

This section shows Magnesium Carbonate's exports and imports data at subnational level for United States. 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)$87.4M
IMPORTS (2023)$235M
NET TRADE (2023)-$147M

In 2023, United States exported $87.4M in Magnesium Carbonate. The main destinations of United States exports on Magnesium Carbonate were Mauritius ($37.8M), Namibia ($17.4M), Canada ($5.97M), China ($3.33M), and Zambia ($3.08M).

In 2023, United States imported $235M in Magnesium Carbonate, mainly from China ($110M), Brazil ($29.1M), Canada ($26.5M), Israel ($25M), and Japan ($10.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR United States WERE (2022 - 2023):
Namibia$7.98M (84.8%)
Zambia$3.08M (1%)
United Arab Emirates$1.22M (500%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Carbonate BY United States WERE (2022 - 2023):
Democratic Republic of the Congo-$87.1M (-100%)
Mauritius-$15M (-28.4%)
Japan-$1.89M (-76.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.65M
TOP IMPORT POTENTIALCanada+ $6.56M

Magnesium Carbonate’s highest export potential is India. With an export gap of $1.65M.   Magnesium Carbonate’s highest import potential is Canada with an import gap of $6.56M.

See methodology.

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