2022
Exports
$2.53MWorld Rnk 40 / 100
Flag Rnk 373 / 1115
2022
PRODUCT COMPLEXITY IN Magnesium
0.95Rnk 193 / 1025
2022
Imports
$7.3MWorld Rnk 49 / 168
Flag Rnk 598 / 1197
2022
ECONOMIC COMPLEXITY of Kazakhstan
-0.17Rnk 73 / 133

About

Exports In 2022, Kazakhstan exported $2.53M in Magnesium, making it the 40th largest exporter of Magnesium in the world. At the same year, Magnesium was the 373rd most exported product in Kazakhstan. The main destination of Magnesium exports from Kazakhstan are: United States ($2.19M), Ukraine ($311k), Uzbekistan ($24.4k), Russia ($5.25k), and Kyrgyzstan ($125).

The fastest growing export markets for Magnesium of Kazakhstan between 2021 and 2022 were United States ($1.94M), Ukraine ($311k), and Uzbekistan ($21.7k).

Imports In 2022, Kazakhstan imported $7.3M in Magnesium, becoming the 49th largest importer of Magnesium in the world. At the same year, Magnesium was the 598th most imported product in Kazakhstan. Kazakhstan imports Magnesium primarily from: Russia ($3.53M), China ($3.53M), Turkey ($82k), United Kingdom ($62.2k), and South Korea ($45.6k).

The fastest growing import markets in Magnesium for Kazakhstan between 2021 and 2022 were China ($1.93M), Russia ($1.06M), and Turkey ($73.2k).

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)$2.53M
IMPORTS (2022)$7.3M
NET TRADE (2022)-$4.77M

In 2022, Kazakhstan exported $2.53M in Magnesium. The main destinations of Kazakhstan exports on Magnesium were United States ($2.19M), Ukraine ($311k), Uzbekistan ($24.4k), Russia ($5.25k), and Kyrgyzstan ($125).

In 2022, Kazakhstan imported $7.3M in Magnesium, mainly from Russia ($3.53M), China ($3.53M), Turkey ($82k), United Kingdom ($62.2k), and South Korea ($45.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Kazakhstan WERE (2021 - 2022):
United States$1.94M (779%)
Ukraine$311k (1%)
Uzbekistan$21.7k (794%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Kazakhstan WERE (2021 - 2022):
Netherlands-$2.09M (-100%)
Canada-$356k (-100%)
Kyrgyzstan-$185 (-59.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Kazakhstan's main exporting competitors in Magnesium were:
China $2.46B
In 2022, Kazakhstan'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+ $375k
TOP IMPORT POTENTIALChina+ $2.91M

Magnesium’s highest export potential is United States. With an export gap of $375k.   Magnesium’s highest import potential is China with an import gap of $2.91M.

See methodology.

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