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Pricing

810420 (Harmonized System 1992 for 6-digit)

2022
World Trade $278MRnk 3485 / 4648
2022
Top Exporter | Top Importer $54.6M | $142MCanada | United States
2022
Product Complexity 0.7Rnk 1272 / 4653
2021 - 2022
Export Growth (CAGR) 157%Rnk 37 / 4648
2022
Share of World Trade 0.0012%Rnk 3485 / 4648

About

Overview This page contains the latest trade data of Magnesium waste or scrap. In 2022, Magnesium waste or scrap were the world's 3485th most traded product, with a total trade of $278M. Between 2021 and 2022 the exports of Magnesium waste or scrap grew by 157%, from $108M to $278M. Trade in Magnesium waste or scrap represent 0.0012% of total world trade.

Magnesium waste or scrap are a part of Magnesium.

Exports In 2022 the top exporters of Magnesium waste or scrap  were Canada ($54.6M), China ($43.2M), India ($19.9M), Czechia ($17.4M), and Chinese Taipei ($15M).

Imports In 2022 the top importers of Magnesium waste or scrap were United States ($142M), Hungary ($32.2M), Brazil ($24.5M), Canada ($16.4M), and Czechia ($10.7M).

Ranking Magnesium waste or scrap ranks 1272nd 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.

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.

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Historical Data

Exporters and Importers

Top Origin (2022)Canada$54.6M
Top Destination (2022)United States$142M

In 2022 Magnesium waste or scrap were the world's 3485th most traded product (out of 4,648).

In 2022, the top exporters of Magnesium waste or scrap were Canada ($54.6M), China ($43.2M), India ($19.9M), Czechia ($17.4M), and Chinese Taipei ($15M).

In 2022, the top importers of Magnesium waste or scrap were United States ($142M), Hungary ($32.2M), Brazil ($24.5M), Canada ($16.4M), and Czechia ($10.7M).

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Exporters of Magnesium waste or scrap (2022)
[Click to Select a Country]

Importers of Magnesium waste or scrap (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Canada$35.1M
Top Destination Growth (2021 -  2022)United States$103M

Between 2021 and 2022, the exports of Magnesium waste or scrap grew the fastest in Canada ($35.1M), China ($32.4M), Czechia ($15.4M), New Zealand ($11.8M), and Austria ($11M).

Between 2021 and 2022, the fastest growing importers of Magnesium waste or scrap were United States ($103M), Hungary ($26M), Brazil ($18.2M), Canada ($8.61M), and India ($7.85M).

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Exporters of Magnesium waste or scrap (2021 - 2022)

Importers of Magnesium waste or scrap (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Magnesium waste or scrap are explained by 17 countries.

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Value of Exports in Magnesium waste or scrap

Net Trade

TOP NET EXPORTER (2022)China$42.9M
TOP NET IMPORTER (2022)United States$137M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Magnesium waste or scrap were China ($42.9M), Canada ($38.3M), Chinese Taipei ($14.8M), Poland ($13.3M), and Austria ($12.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Magnesium waste or scrap were United States ($137M), Hungary ($32.1M), Brazil ($24.3M), South Korea ($5.68M), and Serbia ($2.39M).

Net Trade (2022)

Country Comparison

Flow
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 (2022)

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