HS Icon Magnesium in  Flag Russia

2020
Exports | Imports
: $29.6M | $22.5M, World Rnk 9 / 84
Flag Rnk 425 / 1210 | World Rnk 21 / 165
Flag Rnk 688 / 1205

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $9.68M | $5.1M, United States |  China

2020
ECONOMIC COMPLEXITY of Russia
: 0.5, Rnk 43 / 127

2020
PRODUCT COMPLEXITY  IN Magnesium
: 0.98, Rnk 185 / 1029

Exports In 2020, Russia exported $29.6M in Magnesium, making it the 9th largest exporter of Magnesium in the world. At the same year, Magnesium was the 425th most exported product in Russia. The main destination of Magnesium exports from Russia are: United States ($18.7M), Brazil ($2.54M), Kazakhstan ($2.25M), Netherlands ($976k), and France ($814k).

The fastest growing export markets for Magnesium of Russia between 2019 and 2020 were United States ($9.68M), Brazil ($2.54M), and Kazakhstan ($1.08M).

Imports In 2020, Russia imported $22.5M in Magnesium, becoming the 21st largest importer of Magnesium in the world. At the same year, Magnesium was the 688th most imported product in Russia. Russia imports Magnesium primarily from: China ($21.8M), United Kingdom ($167k), Denmark ($116k), Bulgaria ($109k), and Germany ($74.6k).

The fastest growing import markets in Magnesium for Russia between 2019 and 2020 were China ($5.1M), United Kingdom ($162k), and Belarus ($24.7k).

Tariffs In 2018, the average tariff for Russia in Magnesium was 10.7%. The countries with the highest import tariffs for Magnesium were Angola (Most Favoured Nation duty rate treatement, 11.2%), Burundi (Most Favoured Nation duty rate treatement, 11.2%), Benin (Most Favoured Nation duty rate treatement, 11.2%), Burkina Faso (Most Favoured Nation duty rate treatement, 11.2%), and Botswana (Most Favoured Nation duty rate treatement, 11.2%).

Subnational Monthly Trade

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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

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EXPORTS (2020): $29.6M

IMPORTS (2020): $22.5M

NET TRADE (2020): $7.07M

In 2020, Russia exported $29.6M in Magnesium. The main destinations of Russia exports on Magnesium were United States ($18.7M), Brazil ($2.54M), Kazakhstan ($2.25M), Netherlands ($976k), and France ($814k).

In 2020, Russia imported $22.5M in Magnesium, mainly from China ($21.8M), United Kingdom ($167k), Denmark ($116k), Bulgaria ($109k), and Germany ($74.6k).

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THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Russia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Russia WERE (2019 - 2020):

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Market Concentration

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In 2020, Russia's main exporting competitors in Magnesium were:

In 2020, Russia's main importing competitors in Magnesium were:

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