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2023
Exports $18MWorld Rnk 16 / 97
Flag Rnk 503 / 1207
2023
Destination $11.5M United States
2022 - 2023
FASTEST GROWING MARKET $11.5MUnited States
2023
PRODUCT COMPLEXITY IN Magnesium0.96Rnk 189 / 1025
2023
Imports $35MWorld Rnk 21 / 176
Flag Rnk 522 / 1200
2023
Origin $1.64M China
2022 - 2023
FASTEST GROWING ORIGIN $1.64MTurkey
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $18M in Magnesium, making it the 16th largest exporter of Magnesium in the world. At the same year, Magnesium was the 503rd most exported product in Brazil. The main destination of Magnesium exports from Brazil are: United States ($17.4M), Japan ($336k), Uruguay ($49.9k), Morocco ($31.1k), and Kazakhstan ($28.2k).

The fastest growing export markets for Magnesium of Brazil between 2022 and 2023 were United States ($11.5M), Japan ($336k), and Uruguay ($49.9k).

Imports In 2023, Brazil imported $35M in Magnesium, becoming the 21st largest importer of Magnesium in the world. At the same year, Magnesium was the 522nd most imported product in Brazil. Brazil imports Magnesium primarily from: China ($16.7M), Turkey ($2.86M), Israel ($2.85M), Mexico ($2.47M), and Austria ($1.89M).

The fastest growing import markets in Magnesium for Brazil between 2022 and 2023 were Turkey ($1.64M), Mexico ($1.33M), and Austria ($907k).

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Magnesium exports accounted up to $330k and imports accounted up to $1.57M, resulting in a negative trade balance of $1.24M. Between December 2023 and December 2024 the exports of Brazil's   Magnesium have decreased by $-1.66M (-83.4%) from $1.99M to $330k, while imports increased by $132k (9.14%) from $1.44M to $1.57M.

Destinations In December 2024, Magnesium were exported mostly to United States ($319k), Italy ($10.1k), and Belgium ($280), and were imported mostly from China ($312k), Germany ($275k), Israel ($228k), Malaysia ($207k), and India ($166k).

Growth In December 2024, the decrease in Magnesium's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the increase in Magnesium's year-by-year imports was explained primarily by an increase in imports from Israel ($2.99M or 426%), Germany ($179k or 234%), and Argentina ($1k or 10.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.66M(-83.4%)
IMPORT GROWTH (December 2023 - December 2024)$132k(9.14%)
MAIN EXPORTER (December 2024)Minas Gerais$1.62M
MAIN DESTINATION (December 2024)United States$319k

This section shows Magnesium's exports and imports data at subnational level for Brazil. 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 (2023)$18M
IMPORTS (2023)$35M
NET TRADE (2023)-$17.1M

In 2023, Brazil exported $18M in Magnesium. The main destinations of Brazil exports on Magnesium were United States ($17.4M), Japan ($336k), Uruguay ($49.9k), Morocco ($31.1k), and Kazakhstan ($28.2k).

In 2023, Brazil imported $35M in Magnesium, mainly from China ($16.7M), Turkey ($2.86M), Israel ($2.85M), Mexico ($2.47M), and Austria ($1.89M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
United States$11.5M (195%)
Japan$336k (1%)
Uruguay$49.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Brazil WERE (2022 - 2023):
Croatia-$398k (-100%)
Slovenia-$279k (-100%)
France-$265k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Magnesium were:
China $1.5B
Israel $211M
Turkey $116M
In 2023, Brazil's main importing competitors in Magnesium were:
United States $598M
Canada $253M
Germany $203M

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.4M
TOP IMPORT POTENTIALChina+ $5.25M

Magnesium’s highest export potential is United States. With an export gap of $1.4M.   Magnesium’s highest import potential is China with an import gap of $5.25M.

See methodology.

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