2022
Exports
$127MWorld Rnk 4 / 100
Flag Rnk 268 / 1211
2022
PRODUCT COMPLEXITY IN Magnesium
0.95Rnk 193 / 1025
2022
Imports
$67.4MWorld Rnk 17 / 168
Flag Rnk 442 / 1212
2022
ECONOMIC COMPLEXITY of Austria
1.5Rnk 8 / 133

About

Exports In 2022, Austria exported $127M in Magnesium, making it the 4th largest exporter of Magnesium in the world. At the same year, Magnesium was the 268th most exported product in Austria. The main destination of Magnesium exports from Austria are: Germany ($36.9M), Slovakia ($20.1M), United States ($18M), Hungary ($12.7M), and Switzerland ($7.78M).

The fastest growing export markets for Magnesium of Austria between 2021 and 2022 were Hungary ($11.5M), United States ($9.8M), and Slovakia ($6.05M).

Imports In 2022, Austria imported $67.4M in Magnesium, becoming the 17th largest importer of Magnesium in the world. At the same year, Magnesium was the 442nd most imported product in Austria. Austria imports Magnesium primarily from: Netherlands ($23M), Germany ($20.9M), Czechia ($3.76M), China ($3.3M), and Slovakia ($3.29M).

The fastest growing import markets in Magnesium for Austria between 2021 and 2022 were Netherlands ($22.2M), Germany ($6.73M), and Slovakia ($2.48M).

Latest Trends

Oct 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. 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)$127M
IMPORTS (2022)$67.4M
NET TRADE (2022)$59.3M

In 2022, Austria exported $127M in Magnesium. The main destinations of Austria exports on Magnesium were Germany ($36.9M), Slovakia ($20.1M), United States ($18M), Hungary ($12.7M), and Switzerland ($7.78M).

In 2022, Austria imported $67.4M in Magnesium, mainly from Netherlands ($23M), Germany ($20.9M), Czechia ($3.76M), China ($3.3M), and Slovakia ($3.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Austria WERE (2021 - 2022):
Hungary$11.5M (1.04k%)
United States$9.8M (120%)
Slovakia$6.05M (43.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Austria WERE (2021 - 2022):
Romania-$7.11M (-74.9%)
United Kingdom-$2.74M (-33.2%)
Canada-$1.1M (-99.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Austria' main exporting competitors in Magnesium were:
China $2.46B
In 2022, Austria' main importing competitors in Magnesium were:

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.58M
TOP IMPORT POTENTIALChina+ $4M

Magnesium’s highest export potential is United States. With an export gap of $2.58M.   Magnesium’s highest import potential is China with an import gap of $4M.

See methodology.

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