2023
Exports
$94MWorld Rnk 5 / 97
Flag Rnk 292 / 1208
2023
PRODUCT COMPLEXITY IN Magnesium
0.96Rnk 189 / 1025
2023
Imports
$57.9MWorld Rnk 12 / 176
Flag Rnk 440 / 1214
2023
ECONOMIC COMPLEXITY of Czechia
1.6Rnk 7 / 132

About

Exports In 2023, Czechia exported $94M in Magnesium, making it the 5th largest exporter of Magnesium in the world. At the same year, Magnesium was the 292nd most exported product in Czechia. The main destination of Magnesium exports from Czechia are: United States ($51.9M), Romania ($18.3M), Switzerland ($11.7M), Canada ($4.96M), and Germany ($2.88M).

The fastest growing export markets for Magnesium of Czechia between 2022 and 2023 were Romania ($6.7M), Canada ($4.28M), and Switzerland ($722k).

Imports In 2023, Czechia imported $57.9M in Magnesium, becoming the 12th largest importer of Magnesium in the world. At the same year, Magnesium was the 440th most imported product in Czechia. Czechia imports Magnesium primarily from: China ($23.8M), Romania ($17.9M), Germany ($4.26M), Poland ($3.91M), and Switzerland ($2.98M).

The fastest growing import markets in Magnesium for Czechia between 2022 and 2023 were Romania ($4.66M), Switzerland ($1.6M), and Spain ($1.14M).

Latest Trends

Dec 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 (2023)$94M
IMPORTS (2023)$57.9M
NET TRADE (2023)$36.2M

In 2023, Czechia exported $94M in Magnesium. The main destinations of Czechia exports on Magnesium were United States ($51.9M), Romania ($18.3M), Switzerland ($11.7M), Canada ($4.96M), and Germany ($2.88M).

In 2023, Czechia imported $57.9M in Magnesium, mainly from China ($23.8M), Romania ($17.9M), Germany ($4.26M), Poland ($3.91M), and Switzerland ($2.98M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Czechia WERE (2022 - 2023):
Romania$6.7M (57.8%)
Canada$4.28M (629%)
Switzerland$722k (6.59%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Czechia WERE (2022 - 2023):
United States-$47.6M (-47.8%)
Austria-$3.03M (-80.4%)
Spain-$2.48M (-87.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Czechia's main exporting competitors in Magnesium were:
In 2023, Czechia's main importing competitors in Magnesium were:

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.36M
TOP IMPORT POTENTIALGermany+ $2.08M

Magnesium’s highest export potential is Germany. With an export gap of $6.36M.   Magnesium’s highest import potential is Germany with an import gap of $2.08M.

See methodology.

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