2023
Exports
$6.47MWorld Rnk 28 / 97
Flag Rnk 537 / 1181
2023
PRODUCT COMPLEXITY IN Magnesium
0.96Rnk 189 / 1025
2023
Imports
$2.51MWorld Rnk 51 / 176
Flag Rnk 906 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $6.47M in Magnesium, making it the 28th largest exporter of Magnesium in the world. At the same year, Magnesium was the 537th most exported product in Hong Kong. The main destination of Magnesium exports from Hong Kong are: Austria ($2.43M), Hungary ($1.28M), United States ($1.21M), Germany ($357k), and Netherlands ($255k).

The fastest growing export markets for Magnesium of Hong Kong between 2022 and 2023 were Austria ($2.43M), Netherlands ($253k), and Hungary ($194k).

Imports In 2023, Hong Kong imported $2.51M in Magnesium, becoming the 51st largest importer of Magnesium in the world. At the same year, Magnesium was the 906th most imported product in Hong Kong. Hong Kong imports Magnesium primarily from: United States ($667k), India ($591k), Indonesia ($449k), China ($196k), and Thailand ($190k).

The fastest growing import markets in Magnesium for Hong Kong between 2022 and 2023 were India ($591k), United States ($475k), and Indonesia ($449k).

Latest Trends

Jan 2025

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 (2023)$6.47M
IMPORTS (2023)$2.51M
NET TRADE (2023)$3.97M

In 2023, Hong Kong exported $6.47M in Magnesium. The main destinations of Hong Kong exports on Magnesium were Austria ($2.43M), Hungary ($1.28M), United States ($1.21M), Germany ($357k), and Netherlands ($255k).

In 2023, Hong Kong imported $2.51M in Magnesium, mainly from United States ($667k), India ($591k), Indonesia ($449k), China ($196k), and Thailand ($190k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Austria$2.43M (1%)
Netherlands$253k (13.7k%)
Hungary$194k (17.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Hong Kong WERE (2022 - 2023):
India-$8.4M (-100%)
United States-$7.38M (-85.9%)
South Africa-$864k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Hong Kong's main exporting competitors in Magnesium were:
In 2023, Hong Kong'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 POTENTIALUnited States+ $996k
TOP IMPORT POTENTIALChina+ $1.43M

Magnesium’s highest export potential is United States. With an export gap of $996k.   Magnesium’s highest import potential is China with an import gap of $1.43M.

See methodology.

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