2022
Exports
$4.79kWorld Rnk 96 / 116
Flag Rnk 1025 / 1127
2022
PRODUCT COMPLEXITY IN Magnesium Carbonate
-0.46Rnk 685 / 1025
2022
Imports
$3.22MWorld Rnk 59 / 172
Flag Rnk 876 / 1201
2022
ECONOMIC COMPLEXITY of Philippines
0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $4.79k in Magnesium Carbonate, making it the 96th largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 1025th most exported product in Philippines. The main destination of Magnesium Carbonate exports from Philippines are: Japan ($4.35k) and Canada ($445).

The fastest growing export markets for Magnesium Carbonate of Philippines between 2021 and 2022 were Japan ($4.35k) and Canada ($445).

Imports In 2022, Philippines imported $3.22M in Magnesium Carbonate, becoming the 59th largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 876th most imported product in Philippines. Philippines imports Magnesium Carbonate primarily from: China ($2.85M), Japan ($129k), Greece ($73.7k), Turkey ($64.8k), and Netherlands ($29.5k).

The fastest growing import markets in Magnesium Carbonate for Philippines between 2021 and 2022 were China ($361k), Turkey ($24.3k), and Greece ($15k).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Magnesium Carbonate. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.79k
IMPORTS (2022)$3.22M
NET TRADE (2022)-$3.22M

In 2022, Philippines exported $4.79k in Magnesium Carbonate. The main destinations of Philippines exports on Magnesium Carbonate were Japan ($4.35k) and Canada ($445).

In 2022, Philippines imported $3.22M in Magnesium Carbonate, mainly from China ($2.85M), Japan ($129k), Greece ($73.7k), Turkey ($64.8k), and Netherlands ($29.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Japan$4.35k (1%)
Canada$445 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Carbonate BY Philippines WERE (2021 - 2022):
Thailand-$89 (-100%)
South Korea-$10 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $6.36k
TOP IMPORT POTENTIALChina+ $1.17M

Magnesium Carbonate’s highest export potential is Japan. With an export gap of $6.36k.   Magnesium Carbonate’s highest import potential is China with an import gap of $1.17M.

See methodology.

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