NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

810411 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.07BRnk 2038 / 4644
2023
Top Exporter | Top Importer $673M | $288MChina | United States
2023
Product Complexity 0.65Rnk 1376 / 4656
2022 - 2023
Export Growth (CAGR) -45.8%Rnk 4503 / 4644
2023
Share of World Trade 0.0047%Rnk 2038 / 4644

About

Overview This page contains the latest trade data of Magnesium unwrought > 99.8% pure. In 2023, Magnesium unwrought > 99.8% pure were the world's 2038th most traded product, with a total trade of $1.07B. Between 2022 and 2023 the exports of Magnesium unwrought > 99.8% pure decreased by -45.8%, from $1.97B to $1.07B. Trade in Magnesium unwrought > 99.8% pure represent 0.0047% of total world trade.

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

Exports In 2023 the top exporters of Magnesium unwrought > 99.8% pure  were China ($673M), Israel ($189M), Turkey ($99.3M), Netherlands ($35.5M), and Brazil ($13.6M).

Imports In 2023 the top importers of Magnesium unwrought > 99.8% pure were United States ($288M), India ($77.8M), Canada ($62M), Japan ($58.1M), and Germany ($56.2M).

Ranking Magnesium unwrought > 99.8% pure ranks 1376th 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

View
Flow
Y-AXIS SCALE

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.

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)China$673M
Top Destination (2023)United States$288M

In 2023 Magnesium unwrought > 99.8% pure were the world's 2038th most traded product (out of 4,644).

In 2023, the top exporters of Magnesium unwrought > 99.8% pure were China ($673M), Israel ($189M), Turkey ($99.3M), Netherlands ($35.5M), and Brazil ($13.6M).

In 2023, the top importers of Magnesium unwrought > 99.8% pure were United States ($288M), India ($77.8M), Canada ($62M), Japan ($58.1M), and Germany ($56.2M).

Explore Visualizations

Exporters of Magnesium unwrought > 99.8% pure (2023)
[Click to Select a Country]

Importers of Magnesium unwrought > 99.8% pure (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Israel$31.5M
Top Destination Growth (2022 -  2023)Dominican Republic$889k

Between 2022 and 2023, the exports of Magnesium unwrought > 99.8% pure grew the fastest in Israel ($31.5M), Brazil ($8.76M), Malaysia ($1.9M), Serbia ($552k), and Lithuania ($386k).

Between 2022 and 2023, the fastest growing importers of Magnesium unwrought > 99.8% pure were Dominican Republic ($889k), Albania ($365k), Lithuania ($162k), Gambia ($124k), and Mozambique ($114k).

Explore Visualizations

Exporters of Magnesium unwrought > 99.8% pure (2022 - 2023)

Importers of Magnesium unwrought > 99.8% pure (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 1.87. This means that most of the exports of Magnesium unwrought > 99.8% pure are explained by 3 countries.

Explore Visualizations

Value of Exports in Magnesium unwrought > 99.8% pure

Net Trade

TOP NET EXPORTER (2023)China$673M
TOP NET IMPORTER (2023)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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Magnesium unwrought > 99.8% pure were China ($673M), Israel ($189M), Turkey ($66.4M), Netherlands ($15.2M), and Austria ($2.46M).

In 2023, the countries that had a largest trade value in imports than in exports of Magnesium unwrought > 99.8% pure were United States ($279M), India ($76.5M), Canada ($60.4M), Japan ($57.9M), and Norway ($54.5M).

Net Trade (2023)

Country Comparison

Flow
Measure
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 (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms