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2022
ExportsfalseWorld Rnk 20 / 116
Flag Rnk 715 / 1216
2021 - 2022
FASTEST GROWING MARKET $1.03MGermany
2022
PRODUCT COMPLEXITY IN Magnesium Carbonate-0.46Rnk 685 / 1025
2022
Origin $2.6MN/A
2021 - 2022
FASTEST GROWING ORIGIN $2.6MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $22.7M in Magnesium Carbonate, making it the 20th largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 715th most exported product in United Kingdom. The main destination of Magnesium Carbonate exports from United Kingdom are: Germany ($4.9M), Poland ($1.69M), Italy ($1.59M), United States ($1.47M), and Romania ($1.15M).

The fastest growing export markets for Magnesium Carbonate of United Kingdom between 2021 and 2022 were Germany ($1.03M), Mexico ($677k), and Japan ($374k).

The fastest growing import markets in Magnesium Carbonate for United Kingdom between 2021 and 2022 were China ($2.6M), Ireland ($2.39M), and Turkey ($1.15M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Magnesium Carbonate exports accounted up to £1.65M and imports accounted up to £2.88M, resulting in a negative trade balance of £1.23M. Between June 2023 and June 2024 the exports of United Kingdom's   Magnesium Carbonate have increased by £407k (32.8%) from £1.24M to £1.65M, while imports increased by £1.64M (132%) from £1.24M to £2.88M.

Destinations In June 2024, Magnesium Carbonate were exported mostly to Germany (£339k), Ireland (£194k), France (£153k), Italy (£138k), and Egypt (£138k), and were imported mostly from Turkey (£879k), Spain (£800k), China (£334k), Netherlands (£174k), and Germany (£131k).

Growth In June 2024, the increase in Magnesium Carbonate's year-by-year exports was explained primarily by an increase in exports to United States (£280k or 466%), Germany (£223k or 136%), and Italy (£52.2k or 56%). In June 2024, the increase in Magnesium Carbonate's year-by-year imports was explained primarily by an increase in imports from Germany (£127k or 85.2%), Turkey (£114k or 41.8%), and Greece (£99.5k or 38.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£407k(32.8%)
IMPORT GROWTH (June 2023 - June 2024)£1.64M(132%)
MAIN EXPORTER (June 2024)Dover Eurotunnel£945k
MAIN DESTINATION (June 2024)Germany£339k

This section shows Magnesium Carbonate's exports and imports data at subnational level for United Kingdom. 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)$22.7M

In 2022, United Kingdom exported $22.7M in Magnesium Carbonate. The main destinations of United Kingdom exports on Magnesium Carbonate were Germany ($4.9M), Poland ($1.69M), Italy ($1.59M), United States ($1.47M), and Romania ($1.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$1.03M (26.8%)
Mexico$677k (700%)
Japan$374k (402%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Carbonate BY United Kingdom WERE (2021 - 2022):
Poland-$1.19M (-41.5%)
Romania-$970k (-45.7%)
Singapore-$737k (-82.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Magnesium Carbonate were:
China $1.24B
United States $185M
Netherlands $119M
In 2022, United Kingdom's main importing competitors in Magnesium Carbonate were:
United States $334M
Germany $230M
Democratic Republic of the Congo $214M

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Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.52M
TOP IMPORT POTENTIALChina+ $3.41M

Magnesium Carbonate’s highest export potential is Germany. With an export gap of $1.52M.   Magnesium Carbonate’s highest import potential is China with an import gap of $3.41M.

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