2022
Exports
$83.6kWorld Rnk 60 / 100
Flag Rnk 789 / 1100
2022
PRODUCT COMPLEXITY IN Magnesium
0.95Rnk 193 / 1025
2022
Imports
$23.3MWorld Rnk 34 / 168
Flag Rnk 552 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $83.6k in Magnesium, making it the 60th largest exporter of Magnesium in the world. At the same year, Magnesium was the 789th most exported product in Saudi Arabia. The main destination of Magnesium exports from Saudi Arabia are: Netherlands ($69.5k), Bahrain ($9.93k), Oman ($2.82k), Ireland ($1.05k), and United Arab Emirates ($284).

The fastest growing export markets for Magnesium of Saudi Arabia between 2021 and 2022 were Netherlands ($69.5k) and Ireland ($1.05k).

Imports In 2022, Saudi Arabia imported $23.3M in Magnesium, becoming the 34th largest importer of Magnesium in the world. At the same year, Magnesium was the 552nd most imported product in Saudi Arabia. Saudi Arabia imports Magnesium primarily from: China ($19.6M), United Arab Emirates ($2.25M), Romania ($663k), Bulgaria ($398k), and United States ($136k).

The fastest growing import markets in Magnesium for Saudi Arabia between 2021 and 2022 were United Arab Emirates ($2.06M), Romania ($413k), and Bulgaria ($147k).

Latest Trends

Jul 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)$83.6k
IMPORTS (2022)$23.3M
NET TRADE (2022)-$23.2M

In 2022, Saudi Arabia exported $83.6k in Magnesium. The main destinations of Saudi Arabia exports on Magnesium were Netherlands ($69.5k), Bahrain ($9.93k), Oman ($2.82k), Ireland ($1.05k), and United Arab Emirates ($284).

In 2022, Saudi Arabia imported $23.3M in Magnesium, mainly from China ($19.6M), United Arab Emirates ($2.25M), Romania ($663k), Bulgaria ($398k), and United States ($136k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Netherlands$69.5k (1%)
Ireland$1.05k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Saudi Arabia WERE (2021 - 2022):
Yemen-$347k (-100%)
Jordan-$43.6k (-100%)
Iraq-$43.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Magnesium were:
China $2.46B
In 2022, Saudi Arabia'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 POTENTIALNetherlands+ $4.83k
TOP IMPORT POTENTIALChina+ $3.25M

Magnesium’s highest export potential is Netherlands. With an export gap of $4.83k.   Magnesium’s highest import potential is China with an import gap of $3.25M.

See methodology.

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