HS Icon Magnesium Hydroxide and Peroxide

2816 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Magnesium Hydroxide and Peroxide. In 2019, Magnesium Hydroxide and Peroxide were the world's 1122nd most traded product, with a total trade of $234M. Between 2018 and 2019 the exports of Magnesium Hydroxide and Peroxide grew by 1.59%, from $231M to $234M. Trade in Magnesium Hydroxide and Peroxide represent 0.0013% of total world trade.

Exports In 2019 the top exporters of Magnesium Hydroxide and Peroxide  were China ($51M), Netherlands ($25.1M), Russia ($23.7M), Austria ($22.2M), and United States ($21.7M).

Imports In 2019 the top importers of Magnesium Hydroxide and Peroxide were United States ($27M), South Korea ($22.7M), Italy ($18.1M), China ($15.7M), and Germany ($13.4M).

Tariffs In 2018 the average tariff for Magnesium Hydroxide and Peroxide was 3.97%, making it the 1001st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Magnesium Hydroxide and Peroxide are Bahamas (40.2%), Bermuda (25%), Iran (22%), Maldives (14.7%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Description Hydroxide of magnesium is used in the production of soap, paper, and detergents. Peroxide of magnesium is used in the manufacture of chlorine and perchlorates. Oxides, hydroxides, and peroxides of strontium and barium are used in the manufacture of fireworks.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $51M

Top Destination (2019): United States, $27M

Magnesium Hydroxide and Peroxide are the world's 1122nd most traded product.

In 2019, the top exporters of Magnesium Hydroxide and Peroxide were China ($51M), Netherlands ($25.1M), Russia ($23.7M), Austria ($22.2M), and United States ($21.7M).

In 2019, the top importers of Magnesium Hydroxide and Peroxide were United States ($27M), South Korea ($22.7M), Italy ($18.1M), China ($15.7M), and Germany ($13.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $8.41M

Top Destination Growth (2018 - 2019): China, $3.11M

Between 2018 and 2019, the exports of Magnesium Hydroxide and Peroxide grew the fastest in China ($8.41M), Russia ($6.86M), Canada ($2.15M), Sweden ($1.07M), and Netherlands ($1.03M).

Between 2018 and 2019, the fastest growing importers of Magnesium Hydroxide and Peroxide were China ($3.11M), Cyprus ($2.16M), Italy ($1.92M), Mexico ($1.77M), and United States ($1.73M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Magnesium Hydroxide and Peroxide.

In 2019,  market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Magnesium Hydroxide and Peroxide are explained by 13 countries.

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TOP NET EXPORTER (2019): China, $35.3M

TOP NET IMPORTER (2019): South Korea, $21.9M

This map shows which countries export or import more of Magnesium Hydroxide and Peroxide. Each country is colored based on the difference in exports and imports of Magnesium Hydroxide and Peroxide during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Magnesium Hydroxide and Peroxide were China ($35.3M), Russia ($22M), Netherlands ($21.4M), Austria ($19.5M), and Israel ($13.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Magnesium Hydroxide and Peroxide were South Korea ($21.9M), Italy ($16.2M), Portugal ($9.58M), United Kingdom ($7.46M), and Canada ($6.36M).

Disaggregation

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Value

In 2019, the world most traded Magnesium Hydroxide and Peroxide, disaggragated by their HS6 level were Magnesium hydroxide and peroxide ($183M) and Barium oxide, hydroxide and peroxide ($51.6M)

Import Tariffs

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In 2018, the average tariff for importing Magnesium Hydroxide and Peroxide was 3.97%. The countries with the highest tariffs for importing Magnesium Hydroxide and Peroxide were Bahamas (40.2%), Bermuda (25%), Iran (22%), Maldives (14.7%), and Algeria (12.2%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Magnesium Hydroxide and Peroxide to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.