Natural magnesium carbonate (magnesite); fused magnesia; dead-burned (sintered) magnesia, whether or not containing small quantities of other oxides added before sintering; magnesium oxide, pure or not

2519 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Magnesium Carbonate. In 2023, Magnesium Carbonate were the world's 736th most traded product, with a total trade of $2.26B. Between 2022 and 2023 the exports of Magnesium Carbonate decreased by -27%, from $3.1B to $2.26B. Trade in Magnesium Carbonate represent 0.01% of total world trade.

Magnesium Carbonate are a part of Salt, sulphur, cement, lime, stone, & plaster. They include Magnesia, fused, dead-burned etc and magnesium oxide and Natural magnesium carbonate (magnesite).

Exports In 2023 the top exporters of Magnesium Carbonate  were China ($1.05B), Brazil ($122M), Turkey ($114M), Netherlands ($87.6M), and United States ($87.4M).

Imports In 2023 the top importers of Magnesium Carbonate were United States ($235M), Germany ($192M), India ($171M), Japan ($131M), and Indonesia ($127M).

Ranking Magnesium Carbonate ranks 749th in the Product Complexity Index (PCI).

Description Natural magnesium carbonate "magnesite" is used in the manufacture of fireproofing materials, and in the manufacture of dry cell batteries. Fused magnesia is used in the manufacture of refractory materials, and as a fluxing agent in the manufacture of steel. Dead-burned "sintered" magnesia, whether or not containing small quantities of other oxides added before sintering, is used in the manufacture of refractory materials. Other magnesium oxide, whether or not pure, is used in the manufacture of refractory materials.

Latest Data

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The following visualization shows the latest trends on Magnesium Carbonate. 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$1.05B
Top Destination (2023)United States$235M

In 2023 Magnesium Carbonate were the world's 736th most traded product (out of 1,217).

In 2023, the top exporters of Magnesium Carbonate were China ($1.05B), Brazil ($122M), Turkey ($114M), Netherlands ($87.6M), and United States ($87.4M).

In 2023, the top importers of Magnesium Carbonate were United States ($235M), Germany ($192M), India ($171M), Japan ($131M), and Indonesia ($127M).

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Exporters of Magnesium Carbonate (2023)
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Importers of Magnesium Carbonate (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$12.8M
Top Destination Growth (2022 -  2023)Zambia$18.9M

Between 2022 and 2023, the exports of Magnesium Carbonate grew the fastest in Austria ($12.8M), Hungary ($5.09M), Brazil ($5.04M), Mauritius ($5M), and Indonesia ($1.46M).

Between 2022 and 2023, the fastest growing importers of Magnesium Carbonate were Zambia ($18.9M), Ukraine ($13.3M), Namibia ($7.95M), Hong Kong ($4.9M), and United Arab Emirates ($4.42M).

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Exporters of Magnesium Carbonate (2022 - 2023)

Importers of Magnesium Carbonate (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Magnesium Carbonate are explained by 10 countries.

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Value of Exports in Magnesium Carbonate

Net Trade

TOP NET EXPORTER (2023)China$1B
TOP NET IMPORTER (2023)India$166M

This map shows which countries export or import more of Magnesium Carbonate. Each country is colored based on the difference in exports and imports of Magnesium Carbonate during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Magnesium Carbonate were China ($1B), Brazil ($90.3M), Israel ($66.8M), Slovakia ($58M), and Turkey ($55M).

In 2023, the countries that had a largest trade value in imports than in exports of Magnesium Carbonate were India ($166M), United States ($147M), Germany ($126M), Indonesia ($126M), and South Korea ($86.2M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Magnesium Carbonate, disaggragated by their HS6 level were Magnesia, fused, dead-burned etc and magnesium... ($2.12B) and Natural magnesium carbonate (magnesite) ($141M)

HS6 Disaggregation for Magnesium Carbonate (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Magnesium Carbonate by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $38.3M
TOP IMPORT POTENTIALRussia+ $2.12M

Magnesium Carbonate’s highest export potential is India. With an export gap of $38.3M.  Magnesium Carbonate’s highest import potential is Russia with an import gap of $2.12M.

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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)

Country by Relatedness

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

Relative Relatedness by Country (2023)

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