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2022
Exports $2.46BWorld Rnk 1 / 100
Flag Rnk 260 / 1216
2022
Destination $204M Canada
2021 - 2022
FASTEST GROWING MARKET $204MCanada
2022
PRODUCT COMPLEXITY IN Magnesium0.95Rnk 193 / 1025
2022
Imports $14.5MWorld Rnk 42 / 168
Flag Rnk 955 / 1212
2022
Origin $3.71M United States
2021 - 2022
FASTEST GROWING ORIGIN $3.71MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $2.46B in Magnesium, making it the 1st largest exporter of Magnesium in the world. At the same year, Magnesium was the 260th most exported product in China. The main destination of Magnesium exports from China are: Canada ($406M), India ($169M), Turkey ($153M), Japan ($150M), and South Korea ($128M).

The fastest growing export markets for Magnesium of China between 2021 and 2022 were Canada ($204M), Turkey ($109M), and India ($78.4M).

Imports In 2022, China imported $14.5M in Magnesium, becoming the 42nd largest importer of Magnesium in the world. At the same year, Magnesium was the 955th most imported product in China. China imports Magnesium primarily from: United States ($5.49M), Russia ($2.71M), China ($1.51M), Japan ($1.06M), and Germany ($939k).

The fastest growing import markets in Magnesium for China between 2021 and 2022 were United States ($3.71M), Russia ($2.71M), and Malaysia ($376k).

COMPANIES In 2023, leading companies such as Tmall (1) were at the forefront of shipping Magnesium from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Magnesium exports accounted up to $113M and imports accounted up to $412k, resulting in a positive trade balance of $112M. Between October 2023 and October 2024 the exports of China's   Magnesium have increased by $2.75M (2.51%) from $110M to $113M, while imports decreased by $-275k (-40%) from $687k to $412k.

Destinations In October 2024, Magnesium were exported mostly to Netherlands ($27.5M), Canada ($18.4M), Japan ($7.76M), India ($7.62M), and South Korea ($6.62M), and were imported mostly from Japan ($133k), China ($96.9k), Canada ($78.7k), South Korea ($54.1k), and Chinese Taipei ($19.7k).

Growth In October 2024, the increase in Magnesium's year-by-year exports was explained primarily by an increase in exports to Belgium ($617k or 102%), Croatia ($604k or 53.7%), and Switzerland ($437k or 110k%). In October 2024, the decrease in Magnesium's year-by-year imports was explained primarily by a decrease in imports from Japan ($-399k or -71.9%) and Chinese Taipei ($-58.5k or -91.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2.75M(2.51%)
IMPORT GROWTH (October 2023 - October 2024)$-275k(-40%)
MAIN EXPORTER (October 2024)Guangdong Province$57.9M
MAIN DESTINATION (October 2024)Netherlands$27.5M

This section shows Magnesium's exports and imports data at subnational level for China. 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)$2.46B
IMPORTS (2022)$14.5M
NET TRADE (2022)$2.45B

In 2022, China exported $2.46B in Magnesium. The main destinations of China exports on Magnesium were Canada ($406M), India ($169M), Turkey ($153M), Japan ($150M), and South Korea ($128M).

In 2022, China imported $14.5M in Magnesium, mainly from United States ($5.49M), Russia ($2.71M), China ($1.51M), Japan ($1.06M), and Germany ($939k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR China WERE (2021 - 2022):
Canada$204M (101%)
Turkey$109M (248%)
India$78.4M (86.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY China WERE (2021 - 2022):
Netherlands-$32.4M (-22.9%)
Saudi Arabia-$7.45M (-27.5%)
Slovenia-$7.07M (-38.2%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $58.4M
TOP IMPORT POTENTIALRussia+ $634k

Magnesium’s highest export potential is India. With an export gap of $58.4M.   Magnesium’s highest import potential is Russia with an import gap of $634k.

See methodology.

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