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Pricing

810411 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.8BRnk 1592 / 4648
2022
Top Exporter | Top Importer $1.27B | $294MChina | United States
2022
Product Complexity 0.69Rnk 1298 / 4653
2021 - 2022
Export Growth (CAGR) 75%Rnk 84 / 4648
2022
Share of World Trade 0.0076%Rnk 1592 / 4648

About

Overview This page contains the latest trade data of Magnesium unwrought > 99.8% pure. In 2022, Magnesium unwrought > 99.8% pure were the world's 1592nd most traded product, with a total trade of $1.8B. Between 2021 and 2022 the exports of Magnesium unwrought > 99.8% pure grew by 75%, from $1.03B to $1.8B. Trade in Magnesium unwrought > 99.8% pure represent 0.0076% of total world trade.

Magnesium unwrought > 99.8% pure are a part of Magnesium.

Exports In 2022 the top exporters of Magnesium unwrought > 99.8% pure  were China ($1.27B), Israel ($161M), Turkey ($127M), Netherlands ($70.9M), and Russia ($36.3M).

Imports In 2022 the top importers of Magnesium unwrought > 99.8% pure were United States ($294M), Canada ($154M), India ($133M), Japan ($98.3M), and Turkey ($84.2M).

Ranking Magnesium unwrought > 99.8% pure ranks 1298th in the Product Complexity Index (PCI).

Description Magnesium is a metal that is used often in many industries. It is very important in the automobile, construction, and manufacturing fields. It is also used in the production of paper and textiles.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Magnesium unwrought > 99.8% pure. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$1.27B
Top Destination (2022)United States$294M

In 2022 Magnesium unwrought > 99.8% pure were the world's 1592nd most traded product (out of 4,648).

In 2022, the top exporters of Magnesium unwrought > 99.8% pure were China ($1.27B), Israel ($161M), Turkey ($127M), Netherlands ($70.9M), and Russia ($36.3M).

In 2022, the top importers of Magnesium unwrought > 99.8% pure were United States ($294M), Canada ($154M), India ($133M), Japan ($98.3M), and Turkey ($84.2M).

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Exporters of Magnesium unwrought > 99.8% pure (2022)
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Importers of Magnesium unwrought > 99.8% pure (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$491M
Top Destination Growth (2021 -  2022)United States$237M

Between 2021 and 2022, the exports of Magnesium unwrought > 99.8% pure grew the fastest in China ($491M), Israel ($97.9M), Turkey ($87.7M), Netherlands ($42.4M), and Canada ($15.6M).

Between 2021 and 2022, the fastest growing importers of Magnesium unwrought > 99.8% pure were United States ($237M), Turkey ($63.7M), India ($62.9M), Canada ($46.2M), and Bahrain ($35.4M).

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Exporters of Magnesium unwrought > 99.8% pure (2021 - 2022)

Importers of Magnesium unwrought > 99.8% pure (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Magnesium unwrought > 99.8% pure.

In 2022, market concentration measured using Shannon Entropy, was 1.83. This means that most of the exports of Magnesium unwrought > 99.8% pure are explained by 3 countries.

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Value of Exports in Magnesium unwrought > 99.8% pure

Net Trade

TOP NET EXPORTER (2022)China$1.27B
TOP NET IMPORTER (2022)United States$279M

This map shows which countries export or import more of Magnesium unwrought > 99.8% pure. Each country is colored based on the difference in exports and imports of Magnesium unwrought > 99.8% pure during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Magnesium unwrought > 99.8% pure were China ($1.27B), Israel ($161M), Turkey ($42.6M), Netherlands ($12.8M), and Hong Kong ($8.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Magnesium unwrought > 99.8% pure were United States ($279M), Canada ($137M), India ($132M), Japan ($97.6M), and United Arab Emirates ($82.8M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Magnesium unwrought > 99.8% pure.
It is possible to select the main countries that export or import Magnesium unwrought > 99.8% pure in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Magnesium unwrought > 99.8% pure by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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