2022
Exports
$482kWorld Rnk 52 / 116
Flag Rnk 981 / 1176
2022
PRODUCT COMPLEXITY IN Magnesium Carbonate
-0.46Rnk 685 / 1025
2022
Imports
$21.4MWorld Rnk 26 / 172
Flag Rnk 726 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $482k in Magnesium Carbonate, making it the 52nd largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 981st most exported product in Vietnam. The main destination of Magnesium Carbonate exports from Vietnam are: Malaysia ($480k), South Korea ($771), Switzerland ($674), Germany ($444), and Czechia ($178).

The fastest growing export markets for Magnesium Carbonate of Vietnam between 2021 and 2022 were Switzerland ($674), Germany ($444), and Czechia ($178).

Imports In 2022, Vietnam imported $21.4M in Magnesium Carbonate, becoming the 26th largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 726th most imported product in Vietnam. Vietnam imports Magnesium Carbonate primarily from: China ($19.3M), Greece ($580k), Japan ($458k), South Korea ($176k), and Chinese Taipei ($148k).

The fastest growing import markets in Magnesium Carbonate for Vietnam between 2021 and 2022 were Greece ($479k), Tanzania ($134k), and India ($104k).

Latest Trends

Jul 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)$482k
IMPORTS (2022)$21.4M
NET TRADE (2022)-$20.9M

In 2022, Vietnam exported $482k in Magnesium Carbonate. The main destinations of Vietnam exports on Magnesium Carbonate were Malaysia ($480k), South Korea ($771), Switzerland ($674), Germany ($444), and Czechia ($178).

In 2022, Vietnam imported $21.4M in Magnesium Carbonate, mainly from China ($19.3M), Greece ($580k), Japan ($458k), South Korea ($176k), and Chinese Taipei ($148k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Switzerland$674 (1%)
Germany$444 (1%)
Czechia$178 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Carbonate BY Vietnam WERE (2021 - 2022):
Iran-$413k (-100%)
Malaysia-$231k (-32.5%)
South Korea-$2.72k (-77.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSouth Korea+ $5.08k
TOP IMPORT POTENTIALChina+ $6.39M

Magnesium Carbonate’s highest export potential is South Korea. With an export gap of $5.08k.   Magnesium Carbonate’s highest import potential is China with an import gap of $6.39M.

See methodology.

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