2022
Exports
$2.08MWorld Rnk 43 / 100
Flag Rnk 545 / 1197
2022
PRODUCT COMPLEXITY IN Magnesium
0.95Rnk 193 / 1025
2022
Imports
$80.4MWorld Rnk 14 / 168
Flag Rnk 245 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $2.08M in Magnesium, making it the 43rd largest exporter of Magnesium in the world. At the same year, Magnesium was the 545th most exported product in Norway. The main destination of Magnesium exports from Norway are: Slovakia ($1.26M), United Kingdom ($212k), Malaysia ($192k), Germany ($183k), and Denmark ($175k).

The fastest growing export markets for Magnesium of Norway between 2021 and 2022 were United Kingdom ($209k), Malaysia ($192k), and Denmark ($175k).

Imports In 2022, Norway imported $80.4M in Magnesium, becoming the 14th largest importer of Magnesium in the world. At the same year, Magnesium was the 245th most imported product in Norway. Norway imports Magnesium primarily from: China ($64.9M), Turkey ($8.32M), Netherlands ($3.57M), Spain ($1.69M), and Italy ($649k).

The fastest growing import markets in Magnesium for Norway between 2021 and 2022 were China ($33.8M), Turkey ($5.32M), and Spain ($689k).

Latest Trends

Oct 2024

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 (2022)$2.08M
IMPORTS (2022)$80.4M
NET TRADE (2022)-$78.4M

In 2022, Norway exported $2.08M in Magnesium. The main destinations of Norway exports on Magnesium were Slovakia ($1.26M), United Kingdom ($212k), Malaysia ($192k), Germany ($183k), and Denmark ($175k).

In 2022, Norway imported $80.4M in Magnesium, mainly from China ($64.9M), Turkey ($8.32M), Netherlands ($3.57M), Spain ($1.69M), and Italy ($649k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United Kingdom$209k (6.29k%)
Malaysia$192k (1%)
Denmark$175k (249k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Norway WERE (2021 - 2022):
Slovakia-$127k (-9.16%)
Sweden-$2.4k (-96%)
United Arab Emirates-$651 (-46.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Magnesium were:
China $2.46B
In 2022, Norway'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 POTENTIALGermany+ $163k
TOP IMPORT POTENTIALNetherlands+ $649k

Magnesium’s highest export potential is Germany. With an export gap of $163k.   Magnesium’s highest import potential is Netherlands with an import gap of $649k.

See methodology.

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