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2022
Exports $6.16MWorld Rnk 36 / 100
Flag Rnk 673 / 1206
2022
Destination $265k United States
2021 - 2022
FASTEST GROWING MARKET $265kFrance
2022
PRODUCT COMPLEXITY IN Magnesium0.95Rnk 193 / 1025
2022
Imports $76.4MWorld Rnk 15 / 168
Flag Rnk 374 / 1198
2022
Origin $41.2M China
2021 - 2022
FASTEST GROWING ORIGIN $41.2MChina
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $6.16M in Magnesium, making it the 36th largest exporter of Magnesium in the world. At the same year, Magnesium was the 673rd most exported product in Brazil. The main destination of Magnesium exports from Brazil are: United States ($4.5M), Croatia ($398k), France ($265k), Slovenia ($262k), and Netherlands ($218k).

The fastest growing export markets for Magnesium of Brazil between 2021 and 2022 were France ($265k), Slovenia ($262k), and Switzerland ($183k).

Imports In 2022, Brazil imported $76.4M in Magnesium, becoming the 15th largest importer of Magnesium in the world. At the same year, Magnesium was the 374th most imported product in Brazil. Brazil imports Magnesium primarily from: China ($42.9M), Israel ($7.17M), India ($2.9M), Netherlands ($2.72M), and United Arab Emirates ($2.42M).

The fastest growing import markets in Magnesium for Brazil between 2021 and 2022 were China ($41.2M), India ($2.62M), and Netherlands ($2.4M).

Latest Trends

September 2024

About

Overview In September 2024 Brazil's Magnesium exports accounted up to $508k and imports accounted up to $1.05M, resulting in a negative trade balance of $539k. Between September 2023 and September 2024 the exports of Brazil's   Magnesium have decreased by $-215k (-29.7%) from $723k to $508k, while imports increased by $171k (19.5%) from $876k to $1.05M.

Destinations In September 2024, Magnesium were exported mostly to United States ($383k), Japan ($103k), and South Korea ($22.3k), and were imported mostly from China ($515k), Israel ($240k), Netherlands ($95.1k), Germany ($82.9k), and India ($80.6k).

Growth In September 2024, the decrease in Magnesium's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the increase in Magnesium's year-by-year imports was explained primarily by an increase in imports from Switzerland ($26.4k or 111%) and Thailand ($20.8k or 57.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-215k(-29.7%)
IMPORT GROWTH (September 2023 - September 2024)$171k(19.5%)
MAIN EXPORTER (September 2024)Minas Gerais$1.62M
MAIN DESTINATION (September 2024)United States$383k

This section shows Magnesium's exports and imports data at subnational level for Brazil. 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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.16M
IMPORTS (2022)$76.4M
NET TRADE (2022)-$70.2M

In 2022, Brazil exported $6.16M in Magnesium. The main destinations of Brazil exports on Magnesium were United States ($4.5M), Croatia ($398k), France ($265k), Slovenia ($262k), and Netherlands ($218k).

In 2022, Brazil imported $76.4M in Magnesium, mainly from China ($42.9M), Israel ($7.17M), India ($2.9M), Netherlands ($2.72M), and United Arab Emirates ($2.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
France$265k (1%)
Slovenia$262k (1%)
Switzerland$183k (107k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Brazil WERE (2021 - 2022):
United States-$635k (-12.4%)
Netherlands-$378k (-63.4%)
Japan-$138k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Magnesium were:
China $2.46B
Israel $231M
Turkey $152M
In 2022, Brazil's main importing competitors in Magnesium were:
United States $877M
Canada $477M
Germany $211M

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.4M
TOP IMPORT POTENTIALChina+ $5.25M

Magnesium’s highest export potential is United States. With an export gap of $1.4M.   Magnesium’s highest import potential is China with an import gap of $5.25M.

See methodology.

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