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810490 (Harmonized System 1992 for 6-digit)

2023
World Trade $299MRnk 3340 / 4644
2023
Top Exporter | Top Importer $102M | $35MChina | United States
2023
Product Complexity 0.9Rnk 960 / 4656
2022 - 2023
Export Growth (CAGR) -2.53%Rnk 1809 / 4644
2023
Share of World Trade 0.0013%Rnk 3340 / 4644

About

Overview This page contains the latest trade data of Magnesium, articles thereof nes. In 2023, Magnesium, articles thereof nes were the world's 3340th most traded product, with a total trade of $299M. Between 2022 and 2023 the exports of Magnesium, articles thereof nes decreased by -2.53%, from $307M to $299M. Trade in Magnesium, articles thereof nes represent 0.0013% of total world trade.

Magnesium, articles thereof nes are a part of Magnesium.

Exports In 2023 the top exporters of Magnesium, articles thereof nes  were China ($102M), Austria ($39.4M), United Kingdom ($19.2M), United States ($18.9M), and Mexico ($16.9M).

Imports In 2023 the top importers of Magnesium, articles thereof nes were United States ($35M), Mexico ($34.9M), Germany ($34.9M), United Kingdom ($24.1M), and Saudi Arabia ($16.7M).

Ranking Magnesium, articles thereof nes ranks 960th 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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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 (2023)China$102M
Top Destination (2023)United States$35M

In 2023 Magnesium, articles thereof nes were the world's 3340th most traded product (out of 4,644).

In 2023, the top exporters of Magnesium, articles thereof nes were China ($102M), Austria ($39.4M), United Kingdom ($19.2M), United States ($18.9M), and Mexico ($16.9M).

In 2023, the top importers of Magnesium, articles thereof nes were United States ($35M), Mexico ($34.9M), Germany ($34.9M), United Kingdom ($24.1M), and Saudi Arabia ($16.7M).

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Exporters of Magnesium, articles thereof nes (2023)
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Importers of Magnesium, articles thereof nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$9.8M
Top Destination Growth (2022 -  2023)Mexico$31.9M

Between 2022 and 2023, the exports of Magnesium, articles thereof nes grew the fastest in China ($9.8M), Mexico ($8.65M), Chinese Taipei ($8.32M), Austria ($5.76M), and South Korea ($1.4M).

Between 2022 and 2023, the fastest growing importers of Magnesium, articles thereof nes were Mexico ($31.9M), Saudi Arabia ($6.87M), Chinese Taipei ($6.8M), Hungary ($3.21M), and Germany ($2.59M).

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Exporters of Magnesium, articles thereof nes (2022 - 2023)

Importers of Magnesium, articles thereof nes (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.73. This means that most of the exports of Magnesium, articles thereof nes are explained by 13 countries.

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Value of Exports in Magnesium, articles thereof nes

Net Trade

TOP NET EXPORTER (2023)China$97.6M
TOP NET IMPORTER (2023)Germany$19.4M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Magnesium, articles thereof nes were China ($97.6M), Austria ($30.2M), Bulgaria ($8.43M), Romania ($4.18M), and Malaysia ($4.01M).

In 2023, the countries that had a largest trade value in imports than in exports of Magnesium, articles thereof nes were Germany ($19.4M), Mexico ($18M), Saudi Arabia ($16.5M), United States ($16.1M), and Slovakia ($11.3M).

Net Trade (2023)

Country Comparison

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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 (2023)

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