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Pricing

810490 (Harmonized System 1992 for 6-digit)

2022
World Trade $326MRnk 3339 / 4648
2022
Top Exporter | Top Importer $86.7M | $63MChina | United States
2022
Product Complexity 0.97Rnk 815 / 4653
2021 - 2022
Export Growth (CAGR) 11%Rnk 1503 / 4648
2022
Share of World Trade 0.0014%Rnk 3339 / 4648

About

Overview This page contains the latest trade data of Magnesium, articles thereof nes. In 2022, Magnesium, articles thereof nes were the world's 3339th most traded product, with a total trade of $326M. Between 2021 and 2022 the exports of Magnesium, articles thereof nes grew by 11%, from $293M to $326M. Trade in Magnesium, articles thereof nes represent 0.0014% of total world trade.

Magnesium, articles thereof nes are a part of Magnesium.

Exports In 2022 the top exporters of Magnesium, articles thereof nes  were China ($86.7M), Austria ($51.2M), United States ($41.8M), United Kingdom ($24M), and Germany ($17.7M).

Imports In 2022 the top importers of Magnesium, articles thereof nes were United States ($63M), Germany ($33.7M), Canada ($26M), Slovakia ($23.3M), and France ($20.3M).

Ranking Magnesium, articles thereof nes ranks 815th in the Product Complexity Index (PCI).

Description Magnesium is a metal with many uses. It is a component of construction materials, such as cement, and it is used as an additive to steel and cast irons to increase strength. It is also used in alloys such as aluminum and is also used in the production of electrical equipment.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Magnesium, articles thereof nes. 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$86.7M
Top Destination (2022)United States$63M

In 2022 Magnesium, articles thereof nes were the world's 3339th most traded product (out of 4,648).

In 2022, the top exporters of Magnesium, articles thereof nes were China ($86.7M), Austria ($51.2M), United States ($41.8M), United Kingdom ($24M), and Germany ($17.7M).

In 2022, the top importers of Magnesium, articles thereof nes were United States ($63M), Germany ($33.7M), Canada ($26M), Slovakia ($23.3M), and France ($20.3M).

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Exporters of Magnesium, articles thereof nes (2022)
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Importers of Magnesium, articles thereof nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$14.8M
Top Destination Growth (2021 -  2022)United States$25.7M

Between 2021 and 2022, the exports of Magnesium, articles thereof nes grew the fastest in China ($14.8M), Bulgaria ($6.95M), United Kingdom ($4.17M), Mexico ($3.21M), and Romania ($3.14M).

Between 2021 and 2022, the fastest growing importers of Magnesium, articles thereof nes were United States ($25.7M), Canada ($7.06M), Italy ($6.06M), Slovakia ($5.43M), and Austria ($4.37M).

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Exporters of Magnesium, articles thereof nes (2021 - 2022)

Importers of Magnesium, articles thereof nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Magnesium, articles thereof nes.

In 2022, market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Magnesium, articles thereof nes are explained by 14 countries.

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Value of Exports in Magnesium, articles thereof nes

Net Trade

TOP NET EXPORTER (2022)China$76.3M
TOP NET IMPORTER (2022)Canada$22.3M

This map shows which countries export or import more of Magnesium, articles thereof nes. Each country is colored based on the difference in exports and imports of Magnesium, articles thereof nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Magnesium, articles thereof nes were China ($76.3M), Austria ($40.8M), Bulgaria ($14.8M), Romania ($6.55M), and United Kingdom ($6.16M).

In 2022, the countries that had a largest trade value in imports than in exports of Magnesium, articles thereof nes were Canada ($22.3M), Slovakia ($22.2M), United States ($21.1M), France ($18.5M), and Germany ($16M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Magnesium, articles thereof nes 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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