2023
Exports
$750kWorld Rnk 45 / 97
Flag Rnk 945 / 1210
2023
PRODUCT COMPLEXITY IN Magnesium
0.96Rnk 189 / 1025
2023
Imports
$1.1MWorld Rnk 59 / 176
Flag Rnk 994 / 1213
2023
ECONOMIC COMPLEXITY of Denmark
1.13Rnk 22 / 132

About

Exports In 2023, Denmark exported $750k in Magnesium, making it the 45th largest exporter of Magnesium in the world. At the same year, Magnesium was the 945th most exported product in Denmark. The main destination of Magnesium exports from Denmark are: Thailand ($240k), Norway ($216k), Germany ($108k), Netherlands ($40.6k), and Saudi Arabia ($30.5k).

The fastest growing export markets for Magnesium of Denmark between 2022 and 2023 were Norway ($184k), Thailand ($113k), and Netherlands ($28.5k).

Imports In 2023, Denmark imported $1.1M in Magnesium, becoming the 59th largest importer of Magnesium in the world. At the same year, Magnesium was the 994th most imported product in Denmark. Denmark imports Magnesium primarily from: Romania ($242k), Germany ($207k), United Kingdom ($197k), Bulgaria ($120k), and Poland ($119k).

The fastest growing import markets in Magnesium for Denmark between 2022 and 2023 were United Kingdom ($166k), Romania ($135k), and Germany ($78.6k).

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)$750k
IMPORTS (2023)$1.1M
NET TRADE (2023)-$349k

In 2023, Denmark exported $750k in Magnesium. The main destinations of Denmark exports on Magnesium were Thailand ($240k), Norway ($216k), Germany ($108k), Netherlands ($40.6k), and Saudi Arabia ($30.5k).

In 2023, Denmark imported $1.1M in Magnesium, mainly from Romania ($242k), Germany ($207k), United Kingdom ($197k), Bulgaria ($120k), and Poland ($119k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Denmark WERE (2022 - 2023):
Norway$184k (572%)
Thailand$113k (89.6%)
Netherlands$28.5k (235%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Denmark WERE (2022 - 2023):
Germany-$107k (-49.9%)
Belgium-$22k (-96.6%)
United Kingdom-$10.8k (-54.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Denmark's main exporting competitors in Magnesium were:
In 2023, Denmark'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+ $171k
TOP IMPORT POTENTIALGermany+ $164k

Magnesium’s highest export potential is Germany. With an export gap of $171k.   Magnesium’s highest import potential is Germany with an import gap of $164k.

See methodology.

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