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2023
Exports $595kWorld Rnk 46 / 97
Flag Rnk 615 / 1133
2023
Destination $79.7k India
2022 - 2023
FASTEST GROWING MARKET $79.7kSpain
2023
PRODUCT COMPLEXITY IN Magnesium0.96Rnk 189 / 1025
2023
Imports $972kWorld Rnk 62 / 176
Flag Rnk 924 / 1199
2023
Origin $9.01k Turkey
2022 - 2023
FASTEST GROWING ORIGIN $9.01kBulgaria
2023
ECONOMIC COMPLEXITY of Chile-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $595k in Magnesium, making it the 46th largest exporter of Magnesium in the world. At the same year, Magnesium was the 615th most exported product in Chile. The main destination of Magnesium exports from Chile are: India ($515k), Spain ($79.7k), and Argentina ($370).

The fastest growing export markets for Magnesium of Chile between 2022 and 2023 were Spain ($79.7k), India ($51.1k), and Argentina ($370).

Imports In 2023, Chile imported $972k in Magnesium, becoming the 62nd largest importer of Magnesium in the world. At the same year, Magnesium was the 924th most imported product in Chile. Chile imports Magnesium primarily from: Turkey ($468k), China ($442k), United States ($15.2k), Romania ($10.9k), and Bulgaria ($10.7k).

The fastest growing import markets in Magnesium for Chile between 2022 and 2023 were Bulgaria ($9.01k), Spain ($6.11k), and Italy ($4.54k).

Latest Trends

October 2024

About

Overview In October 2024 Chile's Magnesium exports accounted up to $45.5k and imports accounted up to $492k, resulting in a negative trade balance of $447k. Between October 2022 and October 2024 the exports of Chile's   Magnesium have increased by $17.2k (60.6%) from $28.3k to $45.5k, while imports increased by $441k (857%) from $51.4k to $492k.

Destinations In October 2024, Magnesium were exported mostly to , and were imported mostly from United States ($398k), Germany ($47.6k), China ($42.7k), and Argentina ($4.1k).

Growth In October 2024, the increase in Magnesium's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Magnesium's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2022 - October 2024)$17.2k(60.6%)
IMPORT GROWTH (October 2023 - November 2024)$441k(857%)
MAIN EXPORTER (October 2024)San Bernardo$75.6k
MAIN DESTINATION (October 2024)

This section shows Magnesium's exports and imports data at subnational level for Chile. 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)$595k
IMPORTS (2023)$972k
NET TRADE (2023)-$376k

In 2023, Chile exported $595k in Magnesium. The main destinations of Chile exports on Magnesium were India ($515k), Spain ($79.7k), and Argentina ($370).

In 2023, Chile imported $972k in Magnesium, mainly from Turkey ($468k), China ($442k), United States ($15.2k), Romania ($10.9k), and Bulgaria ($10.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Chile WERE (2022 - 2023):
Spain$79.7k (1%)
India$51.1k (11%)
Argentina$370 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Chile WERE (2022 - 2023):Peru-$22.9k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Chile's main exporting competitors in Magnesium were:
China $1.5B
Israel $211M
Turkey $116M
In 2023, Chile'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 POTENTIALIndia+ $54.3k
TOP IMPORT POTENTIALChina+ $805k

Magnesium’s highest export potential is India. With an export gap of $54.3k.   Magnesium’s highest import potential is China with an import gap of $805k.

See methodology.

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