Metal permanent magnets, articles intended as magnets

Overview This page contains the latest trade data of Metal permanent magnets, articles intended as magnets. In 2022, Metal permanent magnets, articles intended as magnets were the world's 551st most traded product, with a total trade of $7.05B. Between 2021 and 2022 the exports of Metal permanent magnets, articles intended as magnets grew by 29.3%, from $5.45B to $7.05B. Trade in Metal permanent magnets, articles intended as magnets represent 0.03% of total world trade.

Metal permanent magnets, articles intended as magnets are a part of Electromagnets.

Exports In 2022 the top exporters of Metal permanent magnets, articles intended as magnets  were China ($4.42B), Japan ($596M), Philippines ($535M), Vietnam ($439M), and Germany ($271M).

Imports In 2022 the top importers of Metal permanent magnets, articles intended as magnets were Germany ($903M), Japan ($784M), United States ($703M), South Korea ($582M), and Philippines ($550M).

Ranking Metal permanent magnets, articles intended as magnets ranks 1043rd in the Product Complexity Index (PCI).

Description Permanent magnets (also called ferromagnetic materials) are materials that produce a magnetic field. These materials are usually found in their natural state, such as the iron in a piece of steel. Ferromagnetic materials can also be identified by using a magnet. If the materials can be attracted or repelled by a magnet, they may be ferromagnetic. Common uses of metal permanent magnets include compasses, audio speakers, electric motors, and electric generators.