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2023
Exports $6.33MWorld Rnk 29 / 97
Flag Rnk 827 / 1209
2023
Destination $787k Chinese Taipei
2022 - 2023
FASTEST GROWING MARKET $787kChina
2023
PRODUCT COMPLEXITY IN Magnesium0.96Rnk 189 / 1025
2023
Imports $107MWorld Rnk 5 / 176
Flag Rnk 523 / 1209
2023
Origin $1.78M China
2022 - 2023
FASTEST GROWING ORIGIN $1.78MUnited Kingdom
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $6.33M in Magnesium, making it the 29th largest exporter of Magnesium in the world. At the same year, Magnesium was the 827th most exported product in Japan. The main destination of Magnesium exports from Japan are: Chinese Taipei ($1.95M), China ($1.69M), Thailand ($1.08M), United States ($449k), and Malaysia ($396k).

The fastest growing export markets for Magnesium of Japan between 2022 and 2023 were China ($787k), Chinese Taipei ($506k), and Thailand ($278k).

Imports In 2023, Japan imported $107M in Magnesium, becoming the 5th largest importer of Magnesium in the world. At the same year, Magnesium was the 523rd most imported product in Japan. Japan imports Magnesium primarily from: China ($87.8M), United Kingdom ($13.2M), Chinese Taipei ($1.55M), Thailand ($1.45M), and South Korea ($748k).

The fastest growing import markets in Magnesium for Japan between 2022 and 2023 were United Kingdom ($1.78M), Chinese Taipei ($653k), and Thailand ($419k).

Latest Trends

November 2024

About

Overview In November 2024 Japan's Magnesium exports accounted up to ¥46.9M and imports accounted up to ¥1.27B, resulting in a negative trade balance of ¥1.22B. Between November 2023 and November 2024 the exports of Japan's   Magnesium have increased by ¥10.4M (28.6%) from ¥36.5M to ¥46.9M, while imports decreased by ¥-41.5M (-3.17%) from ¥1.31B to ¥1.27B.

Destinations In November 2024, Magnesium were exported mostly to Thailand (¥21.2M), United States (¥13.9M), Hong Kong (¥4.05M), Netherlands (¥3.47M), and United Kingdom (¥2.7M), and were imported mostly from China (¥889M), United Kingdom (¥322M), Turkey (¥12.4M), Thailand (¥11.6M), and Chinese Taipei (¥10M).

Growth In November 2024, the increase in Magnesium's year-by-year exports was explained primarily by an increase in exports to Thailand (¥12.8M or 85.9%) and United States (¥11.8M or 1.01k%). In November 2024, the decrease in Magnesium's year-by-year imports was explained primarily by a decrease in imports from China (¥-489M or -26.2%), United States (¥-9.48M or -81.7%), and South Korea (¥-5.84M or -94.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥10.4M(28.6%)
IMPORT GROWTH (November 2023 - November 2024)¥-41.5M(-3.17%)
MAIN EXPORTER (November 2024)Kanagawa¥34.6M
MAIN DESTINATION (November 2024)Thailand¥21.2M

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 (2023)$6.33M
IMPORTS (2023)$107M
NET TRADE (2023)-$101M

In 2023, Japan exported $6.33M in Magnesium. The main destinations of Japan exports on Magnesium were Chinese Taipei ($1.95M), China ($1.69M), Thailand ($1.08M), United States ($449k), and Malaysia ($396k).

In 2023, Japan imported $107M in Magnesium, mainly from China ($87.8M), United Kingdom ($13.2M), Chinese Taipei ($1.55M), Thailand ($1.45M), and South Korea ($748k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Japan WERE (2022 - 2023):
China$787k (87.1%)
Chinese Taipei$506k (35%)
Thailand$278k (34.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Japan WERE (2022 - 2023):
Malaysia-$1.38M (-77.7%)
Vietnam-$619k (-82.5%)
South Korea-$409k (-78.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Magnesium were:
China $1.5B
Israel $211M
Turkey $116M
In 2023, Japan'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+ $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.

See methodology.

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