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251910 (Harmonized System 1992 for 6-digit)

2022
World Trade $125MRnk 3991 / 4648
2022
Top Exporter | Top Importer $76.4M | $52.6MChina | Indonesia
2022
Product Complexity -1.08Rnk 3914 / 4653
2021 - 2022
Export Growth (CAGR) 29.6%Rnk 425 / 4648
2022
Share of World Trade 0.00053%Rnk 3991 / 4648

About

Overview This page contains the latest trade data of Natural magnesium carbonate (magnesite). In 2022, Natural magnesium carbonate (magnesite) were the world's 3991st most traded product, with a total trade of $125M. Between 2021 and 2022 the exports of Natural magnesium carbonate (magnesite) grew by 29.6%, from $96.5M to $125M. Trade in Natural magnesium carbonate (magnesite) represent 0.00053% of total world trade.

Natural magnesium carbonate (magnesite) are a part of Magnesium Carbonate.

Exports In 2022 the top exporters of Natural magnesium carbonate (magnesite)  were China ($76.4M), Spain ($17.4M), Turkey ($6M), Japan ($2.7M), and Guatemala ($1.98M).

Imports In 2022 the top importers of Natural magnesium carbonate (magnesite) were Indonesia ($52.6M), Japan ($14.7M), France ($7.13M), United States ($6.11M), and Ireland ($4.66M).

Ranking Natural magnesium carbonate (magnesite) ranks 3914th in the Product Complexity Index (PCI).

Description The common uses of natural magnesium carbonate (magnesite) are as an additive in paints and plastics manufacturing, as an antacid to help neutralize the stomach's excess acid and to help relieve kidney stones and gout. There is also evidence that natural magnesium carbonate (magnesite) can help relieve depression, anxiety, and stress.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Natural magnesium carbonate (magnesite). 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 (2022)China$76.4M
Top Destination (2022)Indonesia$52.6M

In 2022 Natural magnesium carbonate (magnesite) were the world's 3991st most traded product (out of 4,648).

In 2022, the top exporters of Natural magnesium carbonate (magnesite) were China ($76.4M), Spain ($17.4M), Turkey ($6M), Japan ($2.7M), and Guatemala ($1.98M).

In 2022, the top importers of Natural magnesium carbonate (magnesite) were Indonesia ($52.6M), Japan ($14.7M), France ($7.13M), United States ($6.11M), and Ireland ($4.66M).

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Exporters of Natural magnesium carbonate (magnesite) (2022)
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Importers of Natural magnesium carbonate (magnesite) (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$37.6M
Top Destination Growth (2021 -  2022)Indonesia$37.8M

Between 2021 and 2022, the exports of Natural magnesium carbonate (magnesite) grew the fastest in China ($37.6M), Spain ($3.41M), Serbia ($1.72M), Japan ($1.21M), and Guatemala ($683k).

Between 2021 and 2022, the fastest growing importers of Natural magnesium carbonate (magnesite) were Indonesia ($37.8M), France ($3.86M), Japan ($3.43M), Poland ($1.44M), and Chile ($640k).

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Exporters of Natural magnesium carbonate (magnesite) (2021 - 2022)

Importers of Natural magnesium carbonate (magnesite) (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Natural magnesium carbonate (magnesite).

In 2022, market concentration measured using Shannon Entropy, was 2.45. This means that most of the exports of Natural magnesium carbonate (magnesite) are explained by 5 countries.

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Value of Exports in Natural magnesium carbonate (magnesite)

Net Trade

TOP NET EXPORTER (2022)China$74.9M
TOP NET IMPORTER (2022)Japan$12M

This map shows which countries export or import more of Natural magnesium carbonate (magnesite). Each country is colored based on the difference in exports and imports of Natural magnesium carbonate (magnesite) during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Natural magnesium carbonate (magnesite) were China ($74.9M), Spain ($16.1M), Turkey ($5.95M), Guatemala ($1.95M), and Serbia ($1.69M).

In 2022, the countries that had a largest trade value in imports than in exports of Natural magnesium carbonate (magnesite) were Japan ($12M), France ($6.48M), United States ($5.17M), Ireland ($3.19M), and India ($3.15M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Natural magnesium carbonate (magnesite) 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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