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2022
Exports $487kWorld Rnk 51 / 100
Flag Rnk 653 / 1142
2022
Destination $293k India
2021 - 2022
FASTEST GROWING MARKET $293kIndia
2022
PRODUCT COMPLEXITY IN Magnesium0.95Rnk 193 / 1025
2022
Imports $3.12MWorld Rnk 56 / 168
Flag Rnk 798 / 1203
2022
Origin $811k China
2021 - 2022
FASTEST GROWING ORIGIN $811kChina
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $487k in Magnesium, making it the 51st largest exporter of Magnesium in the world. At the same year, Magnesium was the 653rd most exported product in Chile. The main destination of Magnesium exports from Chile are: India ($464k) and Peru ($22.9k).

The fastest growing export markets for Magnesium of Chile between 2021 and 2022 were India ($293k).

Imports In 2022, Chile imported $3.12M in Magnesium, becoming the 56th largest importer of Magnesium in the world. At the same year, Magnesium was the 798th most imported product in Chile. Chile imports Magnesium primarily from: China ($1.98M), Turkey ($616k), Austria ($350k), United States ($84k), and Argentina ($32.7k).

The fastest growing import markets in Magnesium for Chile between 2021 and 2022 were China ($811k), Turkey ($325k), and Austria ($247k).

Latest Trends

October 2024

About

Overview In October 2024 Chile's Magnesium exports accounted up to $45.5k and imports accounted up to $2.04k, resulting in a positive trade balance of $43.4k. 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 decreased by $-16.6k (-89.1%) from $18.6k to $2.04k.

Destinations In October 2024, Magnesium were exported mostly to India ($45.5k), and were imported mostly from United States ($2.04k).

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

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2022 - October 2024)$17.2k(60.6%)
IMPORT GROWTH (September 2023 - October 2024)$-16.6k(-89.1%)
MAIN EXPORTER (October 2024)San Bernardo$75.6k
MAIN DESTINATION (October 2024)India$45.5k

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 (2022)$487k
IMPORTS (2022)$3.12M
NET TRADE (2022)-$2.63M

In 2022, Chile exported $487k in Magnesium. The main destinations of Chile exports on Magnesium were India ($464k) and Peru ($22.9k).

In 2022, Chile imported $3.12M in Magnesium, mainly from China ($1.98M), Turkey ($616k), Austria ($350k), United States ($84k), and Argentina ($32.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Chile WERE (2021 - 2022):India$293k (172%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Chile WERE (2021 - 2022):
Dominican Republic-$28.3k (-100%)
Peru-$26k (-53.1%)
Brazil-$5k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Magnesium were:
China $2.46B
Israel $231M
Turkey $152M
In 2022, Chile'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 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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