2023
Exports
$67MWorld Rnk 7 / 97
Flag Rnk 819 / 1215
2023
PRODUCT COMPLEXITY IN Magnesium
0.96Rnk 189 / 1025
2023
Imports
$203MWorld Rnk 3 / 176
Flag Rnk 586 / 1215
2023
ECONOMIC COMPLEXITY of Germany
1.79Rnk 5 / 132

About

Exports In 2023, Germany exported $67M in Magnesium, making it the 7th largest exporter of Magnesium in the world. At the same year, Magnesium was the 819th most exported product in Germany. The main destination of Magnesium exports from Germany are: Austria ($19.3M), United States ($5.01M), Netherlands ($4.83M), Czechia ($4.26M), and France ($3.63M).

The fastest growing export markets for Magnesium of Germany between 2022 and 2023 were Austria ($1.22M), United Kingdom ($524k), and Mexico ($393k).

Imports In 2023, Germany imported $203M in Magnesium, becoming the 3rd largest importer of Magnesium in the world. At the same year, Magnesium was the 586th most imported product in Germany. Germany imports Magnesium primarily from: China ($121M), Austria ($32.6M), Netherlands ($16.4M), Poland ($3.99M), and Chinese Taipei ($3.74M).

The fastest growing import markets in Magnesium for Germany between 2022 and 2023 were Chinese Taipei ($3.74M), Czechia ($469k), and Bulgaria ($122k).

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)$67M
IMPORTS (2023)$203M
NET TRADE (2023)-$136M

In 2023, Germany exported $67M in Magnesium. The main destinations of Germany exports on Magnesium were Austria ($19.3M), United States ($5.01M), Netherlands ($4.83M), Czechia ($4.26M), and France ($3.63M).

In 2023, Germany imported $203M in Magnesium, mainly from China ($121M), Austria ($32.6M), Netherlands ($16.4M), Poland ($3.99M), and Chinese Taipei ($3.74M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Germany WERE (2022 - 2023):
Austria$1.22M (6.71%)
United Kingdom$524k (143%)
Mexico$393k (835%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Germany WERE (2022 - 2023):
United States-$26.2M (-84%)
France-$6.76M (-65.1%)
Romania-$5.16M (-63.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Germany's main exporting competitors in Magnesium were:
In 2023, Germany'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 POTENTIALUnited States+ $5.35M
TOP IMPORT POTENTIALNetherlands+ $9.51M

Magnesium’s highest export potential is United States. With an export gap of $5.35M.   Magnesium’s highest import potential is Netherlands with an import gap of $9.51M.

See methodology.

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