2022
Exports
$231MWorld Rnk 2 / 100
Flag Rnk 65 / 1170
2022
PRODUCT COMPLEXITY IN Magnesium
0.95Rnk 193 / 1025
2022
Imports
$13.4MWorld Rnk 44 / 168
Flag Rnk 562 / 1200
2022
ECONOMIC COMPLEXITY of Israel
1.23Rnk 20 / 133

About

Exports In 2022, Israel exported $231M in Magnesium, making it the 2nd largest exporter of Magnesium in the world. At the same year, Magnesium was the 65th most exported product in Israel. The main destination of Magnesium exports from Israel are: United States ($159M), Canada ($24.4M), Italy ($14.3M), Switzerland ($8.37M), and Brazil ($7.17M).

The fastest growing export markets for Magnesium of Israel between 2021 and 2022 were United States ($135M), Italy ($5.48M), and Switzerland ($5.37M).

Imports In 2022, Israel imported $13.4M in Magnesium, becoming the 44th largest importer of Magnesium in the world. At the same year, Magnesium was the 562nd most imported product in Israel. Israel imports Magnesium primarily from: China ($10.7M), United States ($1.21M), Bulgaria ($492k), United Kingdom ($220k), and Romania ($212k).

The fastest growing import markets in Magnesium for Israel between 2021 and 2022 were China ($5.78M), United States ($405k), and Bulgaria ($113k).

Latest Trends

Oct 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 (2022)$231M
IMPORTS (2022)$13.4M
NET TRADE (2022)$218M

In 2022, Israel exported $231M in Magnesium. The main destinations of Israel exports on Magnesium were United States ($159M), Canada ($24.4M), Italy ($14.3M), Switzerland ($8.37M), and Brazil ($7.17M).

In 2022, Israel imported $13.4M in Magnesium, mainly from China ($10.7M), United States ($1.21M), Bulgaria ($492k), United Kingdom ($220k), and Romania ($212k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Israel WERE (2021 - 2022):
United States$135M (561%)
Italy$5.48M (62.1%)
Switzerland$5.37M (179%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Israel WERE (2021 - 2022):
Brazil-$9.92M (-58.1%)
Netherlands-$3.35M (-88.6%)
Germany-$2.34M (-78.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Israel' main exporting competitors in Magnesium were:
China $2.46B
In 2022, Israel' main importing competitors in Magnesium were:

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $1.36M
TOP IMPORT POTENTIALChina+ $1.09M

Magnesium’s highest export potential is Turkey. With an export gap of $1.36M.   Magnesium’s highest import potential is China with an import gap of $1.09M.

See methodology.

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