2022
Exports
$16.3MWorld Rnk 24 / 100
Flag Rnk 339 / 1211
2022
PRODUCT COMPLEXITY IN Magnesium
0.95Rnk 193 / 1025
2022
Imports
$13.2MWorld Rnk 45 / 168
Flag Rnk 471 / 1209
2022
ECONOMIC COMPLEXITY of Bulgaria
0.68Rnk 38 / 133

About

Exports In 2022, Bulgaria exported $16.3M in Magnesium, making it the 24th largest exporter of Magnesium in the world. At the same year, Magnesium was the 339th most exported product in Bulgaria. The main destination of Magnesium exports from Bulgaria are: Italy ($5.77M), France ($2.09M), Germany ($1.78M), Belgium ($628k), and South Africa ($596k).

The fastest growing export markets for Magnesium of Bulgaria between 2021 and 2022 were Italy ($2.72M), France ($909k), and Germany ($754k).

Imports In 2022, Bulgaria imported $13.2M in Magnesium, becoming the 45th largest importer of Magnesium in the world. At the same year, Magnesium was the 471st most imported product in Bulgaria. Bulgaria imports Magnesium primarily from: China ($11.9M), Serbia ($408k), Austria ($305k), Poland ($137k), and France ($127k).

The fastest growing import markets in Magnesium for Bulgaria between 2021 and 2022 were China ($6.56M), Serbia ($229k), and France ($86.4k).

Latest Trends

Oct 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. 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 (2022)$16.3M
IMPORTS (2022)$13.2M
NET TRADE (2022)$3.14M

In 2022, Bulgaria exported $16.3M in Magnesium. The main destinations of Bulgaria exports on Magnesium were Italy ($5.77M), France ($2.09M), Germany ($1.78M), Belgium ($628k), and South Africa ($596k).

In 2022, Bulgaria imported $13.2M in Magnesium, mainly from China ($11.9M), Serbia ($408k), Austria ($305k), Poland ($137k), and France ($127k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Bulgaria WERE (2021 - 2022):
Italy$2.72M (89.4%)
France$909k (76.9%)
Germany$754k (73.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Bulgaria WERE (2021 - 2022):
Turkey-$179k (-72.8%)
Ukraine-$48k (-29.6%)
Egypt-$24.8k (-87.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bulgaria's main exporting competitors in Magnesium were:
China $2.46B
In 2022, Bulgaria's main importing competitors in Magnesium were:

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $808k
TOP IMPORT POTENTIALAustria+ $166k

Magnesium’s highest export potential is Germany. With an export gap of $808k.   Magnesium’s highest import potential is Austria with an import gap of $166k.

See methodology.

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