2022
Exports
$1.24BWorld Rnk 1 / 116
Flag Rnk 393 / 1216
2022
PRODUCT COMPLEXITY IN Magnesium Carbonate
-0.46Rnk 685 / 1025
2022
Imports
$46.3MWorld Rnk 18 / 172
Flag Rnk 796 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.24B in Magnesium Carbonate, making it the 1st largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 393rd most exported product in China. The main destination of Magnesium Carbonate exports from China are: United States ($197M), Japan ($165M), Netherlands ($126M), India ($110M), and Indonesia ($110M).

The fastest growing export markets for Magnesium Carbonate of China between 2021 and 2022 were Indonesia ($51.8M), United States ($48M), and Germany ($37.9M).

Imports In 2022, China imported $46.3M in Magnesium Carbonate, becoming the 18th largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 796th most imported product in China. China imports Magnesium Carbonate primarily from: Japan ($23.4M), Russia ($4.42M), Mexico ($4.16M), Israel ($3.66M), and United States ($2.8M).

The fastest growing import markets in Magnesium Carbonate for China between 2021 and 2022 were Mexico ($2.74M), Germany ($1.26M), and Tanzania ($530k).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-19.1M(-24.2%)
IMPORT GROWTH (October 2023 - October 2024)$-32k(-0.86%)
MAIN EXPORTER (October 2024)Liaoning Province$50.3M
MAIN DESTINATION (October 2024)Japan$8.47M

This section shows Magnesium Carbonate's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Magnesium Carbonate over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.24B
IMPORTS (2022)$46.3M
NET TRADE (2022)$1.19B

In 2022, China exported $1.24B in Magnesium Carbonate. The main destinations of China exports on Magnesium Carbonate were United States ($197M), Japan ($165M), Netherlands ($126M), India ($110M), and Indonesia ($110M).

In 2022, China imported $46.3M in Magnesium Carbonate, mainly from Japan ($23.4M), Russia ($4.42M), Mexico ($4.16M), Israel ($3.66M), and United States ($2.8M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR China WERE (2021 - 2022):
Indonesia$51.8M (89.6%)
United States$48M (32.1%)
Germany$37.9M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Carbonate BY China WERE (2021 - 2022):
Austria-$18.4M (-59.3%)
Brazil-$17.7M (-67.1%)
South Korea-$15.4M (-16.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Magnesium Carbonate were:
In 2022, China's main importing competitors in Magnesium Carbonate were:

Explore Visualizations

Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $38.3M
TOP IMPORT POTENTIALRussia+ $2.12M

Magnesium Carbonate’s highest export potential is India. With an export gap of $38.3M.   Magnesium Carbonate’s highest import potential is Russia with an import gap of $2.12M.

See methodology.

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