2022
Exports
$31.7MWorld Rnk 16 / 100
Flag Rnk 307 / 1204
2022
PRODUCT COMPLEXITY IN Magnesium
0.95Rnk 193 / 1025
2022
Imports
$101MWorld Rnk 10 / 168
Flag Rnk 259 / 1214
2022
ECONOMIC COMPLEXITY of Romania
1.03Rnk 26 / 133

About

Exports In 2022, Romania exported $31.7M in Magnesium, making it the 16th largest exporter of Magnesium in the world. At the same year, Magnesium was the 307th most exported product in Romania. The main destination of Magnesium exports from Romania are: Czechia ($15.4M), Germany ($8.82M), France ($1.51M), Poland ($1.08M), and Saudi Arabia ($663k).

The fastest growing export markets for Magnesium of Romania between 2021 and 2022 were Czechia ($7.95M), Germany ($5.51M), and Egypt ($472k).

Imports In 2022, Romania imported $101M in Magnesium, becoming the 10th largest importer of Magnesium in the world. At the same year, Magnesium was the 259th most imported product in Romania. Romania imports Magnesium primarily from: China ($64.7M), Croatia ($11.8M), Germany ($9.45M), Netherlands ($5.46M), and Czechia ($2.44M).

The fastest growing import markets in Magnesium for Romania between 2021 and 2022 were China ($34.9M), Germany ($7.69M), and Croatia ($3.76M).

Latest Trends

Aug 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)$31.7M
IMPORTS (2022)$101M
NET TRADE (2022)-$69.2M

In 2022, Romania exported $31.7M in Magnesium. The main destinations of Romania exports on Magnesium were Czechia ($15.4M), Germany ($8.82M), France ($1.51M), Poland ($1.08M), and Saudi Arabia ($663k).

In 2022, Romania imported $101M in Magnesium, mainly from China ($64.7M), Croatia ($11.8M), Germany ($9.45M), Netherlands ($5.46M), and Czechia ($2.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Romania WERE (2021 - 2022):
Czechia$7.95M (107%)
Germany$5.51M (167%)
Egypt$472k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Romania WERE (2021 - 2022):
Serbia-$1.98M (-83%)
Austria-$746k (-74.3%)
United States-$564k (-72.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Romania's main exporting competitors in Magnesium were:
China $2.46B
In 2022, Romania'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+ $706k
TOP IMPORT POTENTIALTurkey+ $921k

Magnesium’s highest export potential is United States. With an export gap of $706k.   Magnesium’s highest import potential is Turkey with an import gap of $921k.

See methodology.

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