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2022
Exports $4.9MWorld Rnk 37 / 100
Flag Rnk 961 / 1213
2022
Destination $703k France
2021 - 2022
FASTEST GROWING MARKET $703kUnited States
2022
PRODUCT COMPLEXITY IN Magnesium0.95Rnk 193 / 1025
2022
Imports $24.8MWorld Rnk 31 / 168
Flag Rnk 795 / 1214
2022
Origin $4.26M China
2021 - 2022
FASTEST GROWING ORIGIN $4.26MTurkey
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $4.9M in Magnesium, making it the 37th largest exporter of Magnesium in the world. At the same year, Magnesium was the 961st most exported product in Belgium. The main destination of Magnesium exports from Belgium are: France ($1.48M), United States ($792k), Netherlands ($789k), Mexico ($439k), and Germany ($425k).

The fastest growing export markets for Magnesium of Belgium between 2021 and 2022 were United States ($703k), Netherlands ($472k), and Mexico ($439k).

Imports In 2022, Belgium imported $24.8M in Magnesium, becoming the 31st largest importer of Magnesium in the world. At the same year, Magnesium was the 795th most imported product in Belgium. Belgium imports Magnesium primarily from: China ($8.06M), Turkey ($5.98M), Israel ($3.42M), Netherlands ($2.74M), and Austria ($1.13M).

The fastest growing import markets in Magnesium for Belgium between 2021 and 2022 were Turkey ($4.26M), China ($2.42M), and Netherlands ($1.8M).

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Magnesium exports accounted up to €59k and imports accounted up to €510k, resulting in a negative trade balance of €451k. Between July 2023 and July 2024 the exports of Belgium's   Magnesium have decreased by €-52.8k (-47.2%) from €112k to €59k, while imports decreased by €-64.5k (-11.2%) from €574k to €510k.

Destinations In July 2024, Magnesium were exported mostly to Germany (€27.2k), Netherlands (€17.6k), United States (€8.6k), France (€2.52k), and United Arab Emirates (€1.38k), and were imported mostly from Germany (€237k), United Kingdom (€133k), Netherlands (€79.2k), China (€33.4k), and Bulgaria (€13.6k).

Growth In July 2024, the decrease in Magnesium's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-163k or -100%), Germany (€-67.7k or -35.9%), and France (€-36.9k or -96.3%). In July 2024, the decrease in Magnesium's year-by-year imports was explained primarily by a decrease in imports from Turkey (€-632k or -100%), China (€-15.4k or -13.2%), and Italy (€-1.3k or -99.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-52.8k(-47.2%)
IMPORT GROWTH (July 2023 - July 2024)€-64.5k(-11.2%)
MAIN DESTINATION (July 2024)Germany€27.2k

This section shows Magnesium's exports and imports data at subnational level for Belgium. 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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.9M
IMPORTS (2022)$24.8M
NET TRADE (2022)-$19.9M

In 2022, Belgium exported $4.9M in Magnesium. The main destinations of Belgium exports on Magnesium were France ($1.48M), United States ($792k), Netherlands ($789k), Mexico ($439k), and Germany ($425k).

In 2022, Belgium imported $24.8M in Magnesium, mainly from China ($8.06M), Turkey ($5.98M), Israel ($3.42M), Netherlands ($2.74M), and Austria ($1.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$703k (796%)
Netherlands$472k (149%)
Mexico$439k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Belgium WERE (2021 - 2022):
France-$1.35M (-47.8%)
Germany-$568k (-57.2%)
Austria-$262k (-99.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Magnesium were:
China $2.46B
Israel $231M
Turkey $152M
In 2022, Belgium's main importing competitors in Magnesium were:
United States $877M
Canada $477M
Germany $211M

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $764k
TOP IMPORT POTENTIALChina+ $3.57M

Magnesium’s highest export potential is United States. With an export gap of $764k.   Magnesium’s highest import potential is China with an import gap of $3.57M.

See methodology.

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