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810420 (Harmonized System 1992 for 6-digit)

2023
World Trade $170MRnk 3782 / 4644
2023
Top Exporter | Top Importer $46.5M | $85.5MCanada | United States
2023
Product Complexity 0.98Rnk 799 / 4656
2022 - 2023
Export Growth (CAGR) -47.3%Rnk 4508 / 4644
2023
Share of World Trade 0.00075%Rnk 3782 / 4644

About

Overview This page contains the latest trade data of Magnesium waste or scrap. In 2023, Magnesium waste or scrap were the world's 3782nd most traded product, with a total trade of $170M. Between 2022 and 2023 the exports of Magnesium waste or scrap decreased by -47.3%, from $322M to $170M. Trade in Magnesium waste or scrap represent 0.00075% of total world trade.

Magnesium waste or scrap are a part of Magnesium.

Exports In 2023 the top exporters of Magnesium waste or scrap  were Canada ($46.5M), China ($24.2M), Austria ($11.5M), Romania ($11.1M), and Germany ($10.4M).

Imports In 2023 the top importers of Magnesium waste or scrap were United States ($85.5M), Hungary ($20.8M), Czechia ($19.3M), Canada ($11.3M), and Brazil ($7.66M).

Ranking Magnesium waste or scrap ranks 799th in the Product Complexity Index (PCI).

Description Magnesium waste or scrap is often used in the production of magnesium metal. The metal can be used to make fireproofing, paints, and other building materials.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Magnesium waste or scrap. 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)Canada$46.5M
Top Destination (2023)United States$85.5M

In 2023 Magnesium waste or scrap were the world's 3782nd most traded product (out of 4,644).

In 2023, the top exporters of Magnesium waste or scrap were Canada ($46.5M), China ($24.2M), Austria ($11.5M), Romania ($11.1M), and Germany ($10.4M).

In 2023, the top importers of Magnesium waste or scrap were United States ($85.5M), Hungary ($20.8M), Czechia ($19.3M), Canada ($11.3M), and Brazil ($7.66M).

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Exporters of Magnesium waste or scrap (2023)
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Importers of Magnesium waste or scrap (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Romania$7.16M
Top Destination Growth (2022 -  2023)Czechia$7.16M

Between 2022 and 2023, the exports of Magnesium waste or scrap grew the fastest in Romania ($7.16M), South Korea ($1.95M), Switzerland ($1.63M), Lithuania ($331k), and Australia ($190k).

Between 2022 and 2023, the fastest growing importers of Magnesium waste or scrap were Czechia ($7.16M), Hong Kong ($1.07M), China ($568k), Turkey ($511k), and Lithuania ($212k).

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Exporters of Magnesium waste or scrap (2022 - 2023)

Importers of Magnesium waste or scrap (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Magnesium waste or scrap.

In 2023, market concentration measured using Shannon Entropy, was 3.85. This means that most of the exports of Magnesium waste or scrap are explained by 14 countries.

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Value of Exports in Magnesium waste or scrap

Net Trade

TOP NET EXPORTER (2023)Canada$35.3M
TOP NET IMPORTER (2023)United States$82.8M

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

In 2023, the countries that had a largest trade value in exports than in imports of Magnesium waste or scrap were Canada ($35.3M), China ($23.3M), Romania ($10.8M), Austria ($9.08M), and Poland ($7.07M).

In 2023, the countries that had a largest trade value in imports than in exports of Magnesium waste or scrap were United States ($82.8M), Hungary ($20.8M), Czechia ($18.6M), Hong Kong ($1.12M), and Japan ($1.09M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Magnesium waste or scrap 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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