HS Icon Magnesium

Magnesium; articles thereof, including waste and scrap

8104 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Magnesium. In 2020, Magnesium were the world's 765th most traded product, with a total trade of $1.6B. Between 2019 and 2020 the exports of Magnesium decreased by -16.3%, from $1.91B to $1.6B. Trade in Magnesium represent 0.0095% of total world trade.

Magnesium are a part of Metals; n.e.s., cermets and articles thereof. They include Magnesium unwrought > 99.8% pure, Magnesium unwrought nes, Magnesium raspings/turnings/etc, size graded, powder, Magnesium, articles thereof nes, and Magnesium waste or scrap.

Exports In 2020 the top exporters of Magnesium  were China ($896M), Austria ($84.5M), United States ($81.3M), Germany ($62.5M), and Israel ($54.8M).

Imports In 2020 the top importers of Magnesium were United States ($250M), Canada ($139M), Germany ($123M), Netherlands ($103M), and Japan ($80.3M).

Ranking Magnesium ranks 190th in the Product Complexity Index (PCI).

Description Magnesium is a metal that is used in the production of many different products. It's often used as an alloy with other metals, such as aluminum and iron. Magnesium waste and scrap are materials that contain magnesium, but aren't useful for their original purpose.

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Magnesium. Countries are shown based on data availability.

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): China, $896M

Top Destination (2020): United States, $250M

Magnesium are the world's 765th most traded product.

In 2020, the top exporters of Magnesium were China ($896M), Austria ($84.5M), United States ($81.3M), Germany ($62.5M), and Israel ($54.8M).

In 2020, the top importers of Magnesium were United States ($250M), Canada ($139M), Germany ($123M), Netherlands ($103M), and Japan ($80.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Turkey, $19.7M

Top Destination Growth (2019 - 2020): Malaysia, $10.4M

Between 2019 and 2020, the exports of Magnesium grew the fastest in Turkey ($19.7M), Russia ($11.3M), Croatia ($4.72M), New Zealand ($4.06M), and Hungary ($3.9M).

Between 2019 and 2020, the fastest growing importers of Magnesium were Malaysia ($10.4M), Czechia ($8.18M), Slovakia ($7.07M), Belgium ($3.77M), and Russia ($3.75M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Magnesium.

In 2020,  market concentration measured using Shannon Entropy, was 2.99. This means that most of the exports of Magnesium are explained by 7 countries.

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TOP NET EXPORTER (2020): China, $885M

TOP NET IMPORTER (2020): United States, $168M

This map shows which countries export or import more of Magnesium. Each country is colored based on the difference in exports and imports of Magnesium during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Magnesium were China ($885M), Israel ($47.1M), Austria ($44.9M), Turkey ($9.53M), and Russia ($7.07M).

In 2020, the countries that had a largest trade value in imports than in exports of Magnesium were United States ($168M), Canada ($111M), Japan ($76.7M), Netherlands ($72.9M), and Germany ($60.2M).

Disaggregation

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Value

In 2020, the world most traded Magnesium, disaggragated by their HS6 level were Magnesium unwrought > 99.8% pure ($583M), Magnesium unwrought nes ($457M), Magnesium raspings/turnings/etc, size graded, powder ($238M), Magnesium, articles thereof nes ($216M), and Magnesium waste or scrap ($102M)

Country Comparison

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Flow
Measure
Ranking

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

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Magnesium to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.