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2022
Exports $6.34MWorld Rnk 35 / 100
Flag Rnk 830 / 1213
2022
Destination $1.42M Malaysia
2021 - 2022
FASTEST GROWING MARKET $1.42MMalaysia
2022
PRODUCT COMPLEXITY IN Magnesium0.95Rnk 193 / 1025
2022
Imports $167MWorld Rnk 5 / 168
Flag Rnk 437 / 1214
2022
Origin $6.66M China
2021 - 2022
FASTEST GROWING ORIGIN $6.66MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $6.34M in Magnesium, making it the 35th largest exporter of Magnesium in the world. At the same year, Magnesium was the 830th most exported product in Japan. The main destination of Magnesium exports from Japan are: Malaysia ($1.46M), China ($1.06M), Chinese Taipei ($867k), United States ($850k), and Thailand ($512k).

The fastest growing export markets for Magnesium of Japan between 2021 and 2022 were Malaysia ($1.42M), United States ($696k), and South Korea ($268k).

Imports In 2022, Japan imported $167M in Magnesium, becoming the 5th largest importer of Magnesium in the world. At the same year, Magnesium was the 437th most imported product in Japan. Japan imports Magnesium primarily from: China ($150M), United Kingdom ($11.4M), Russia ($1.05M), Chinese Taipei ($1M), and Thailand ($1M).

The fastest growing import markets in Magnesium for Japan between 2021 and 2022 were United Kingdom ($6.66M), Russia ($730k), and Turkey ($438k).

Latest Trends

June 2024

About

Overview In June 2024 Japan's Magnesium exports accounted up to ¥18.3M and imports accounted up to ¥1.23B, resulting in a negative trade balance of ¥1.21B. Between June 2023 and June 2024 the exports of Japan's   Magnesium have decreased by ¥-21.4M (-53.9%) from ¥39.7M to ¥18.3M, while imports increased by ¥69.8M (6.02%) from ¥1.16B to ¥1.23B.

Destinations In June 2024, Magnesium were exported mostly to Thailand (¥7.99M), Vietnam (¥5.36M), United States (¥2.17M), Hong Kong (¥2.13M), and China (¥417k), and were imported mostly from China (¥978M), United Kingdom (¥209M), Chinese Taipei (¥19.1M), Thailand (¥12.3M), and Netherlands (¥6.01M).

Growth In June 2024, the decrease in Magnesium's year-by-year exports was explained primarily by a decrease in exports to China (¥-25.2M or -92.4%) and Chinese Taipei (¥-4.75M or -32.1%). In June 2024, the increase in Magnesium's year-by-year imports was explained primarily by an increase in imports from United Kingdom (¥68.4M or 51.7%), Chinese Taipei (¥14.4M or 220%), and Thailand (¥2.71M or 32.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥-21.4M(-53.9%)
IMPORT GROWTH (June 2023 - June 2024)¥69.8M(6.02%)
MAIN EXPORTER (June 2024)Okayama¥21.9M
MAIN DESTINATION (June 2024)Thailand¥7.99M

This section shows Magnesium's exports and imports data at subnational level for Japan. 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)$6.34M
IMPORTS (2022)$167M
NET TRADE (2022)-$161M

In 2022, Japan exported $6.34M in Magnesium. The main destinations of Japan exports on Magnesium were Malaysia ($1.46M), China ($1.06M), Chinese Taipei ($867k), United States ($850k), and Thailand ($512k).

In 2022, Japan imported $167M in Magnesium, mainly from China ($150M), United Kingdom ($11.4M), Russia ($1.05M), Chinese Taipei ($1M), and Thailand ($1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Malaysia$1.42M (3.01k%)
United States$696k (451%)
South Korea$268k (159%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Japan WERE (2021 - 2022):
China-$682k (-39.3%)
Germany-$144k (-60.6%)
United Kingdom-$80.4k (-74%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Magnesium were:
China $2.46B
Israel $231M
Turkey $152M
In 2022, Japan'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 POTENTIALUnited States+ $883k
TOP IMPORT POTENTIALChina+ $8.29M

Magnesium’s highest export potential is United States. With an export gap of $883k.   Magnesium’s highest import potential is China with an import gap of $8.29M.

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