Magnesium in Chile | The Observatory of Economic Complexity

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Exports In 2022, Chile exported $487k in Magnesium, making it the 51st largest exporter of Magnesium in the world. At the same year, Magnesium was the 653rd most exported product in Chile. The main destination of Magnesium exports from Chile are: India ($464k) and Peru ($22.9k).

The fastest growing export markets for Magnesium of Chile between 2021 and 2022 were India ($293k).

Imports In 2022, Chile imported $3.12M in Magnesium, becoming the 56th largest importer of Magnesium in the world. At the same year, Magnesium was the 798th most imported product in Chile. Chile imports Magnesium primarily from: China ($1.98M), Turkey ($616k), Austria ($350k), United States ($84k), and Argentina ($32.7k).

The fastest growing import markets in Magnesium for Chile between 2021 and 2022 were China ($811k), Turkey ($325k), and Austria ($247k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Magnesium from Chile to the United States.

Latest Trends

January 2024

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Overview In January 2024 Chile's Magnesium exports accounted up to $75.6k and imports accounted up to $1.81k, resulting in a positive trade balance of $73.8k. Between May 2022 and January 2024 the exports of Chile's Magnesium have decreased by $-49k (-39.3%) from $125k to $75.6k, while imports decreased by $-22.1k (-92.4%) from $23.9k to $1.81k.

Destinations In January 2024, Magnesium were exported mostly to India ($75.6k), and were imported mostly from China ($1.81k).

Growth In January 2024, the decrease in Magnesium's year-by-year exports was explained primarily by a decrease in exports to . In January 2024, the decrease in Magnesium's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (May 2022 - January 2024)$-49k(-39.3%)

IMPORT GROWTH (September 2022 - January 2024)$-22.1k(-92.4%)

MAIN EXPORTER (January 2024)San Bernardo$75.6k

MAIN DESTINATION (January 2024)India$75.6k

This section shows Magnesium's exports and imports data at subnational level for Chile. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$487k

IMPORTS (2022)$3.12M

NET TRADE (2022)-$2.63M

In 2022, Chile exported $487k in Magnesium. The main destinations of Chile exports on Magnesium were India ($464k) and Peru ($22.9k).

In 2022, Chile imported $3.12M in Magnesium, mainly from China ($1.98M), Turkey ($616k), Austria ($350k), United States ($84k), and Argentina ($32.7k).

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