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Pricing

2021
Exports $21.4kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Magnesium0.95Rnk 193 / 1025
2021
Imports $12kWorld Rnk 0 / 0
Flag Rnk 0 / 0

About

Imports In 2021, Somalia imported $12k in Magnesium, becoming the 0th largest importer of Magnesium in the world. At the same year, Magnesium was the 0th most imported product in Somalia. Somalia imports Magnesium primarily from: N/A.

Historical Data

Trade Balance

Color
EXPORTS (2021)$21.4k
IMPORTS (2021)$12k
NET TRADE (2021)$9.32k

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Somalia WERE (N/A - 2021):Germany-$21.4k (-100%)
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Change in Exports by Market (2019 - 2021)

Market Concentration

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Flow
Type
In 2022, Somalia's main exporting competitors in Magnesium were:
China $2.46B
Israel $231M
Turkey $152M
In 2022, Somalia'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
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TOP EXPORT POTENTIALUnited States+ $555
TOP IMPORT POTENTIALChina+ $459

Magnesium’s highest export potential is United States. With an export gap of $555.   Magnesium’s highest import potential is China with an import gap of $459.

See methodology.

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