2018
Exports
$228kWorld Rnk 53 / 97
Flag Rnk 822 / 1148
2023
PRODUCT COMPLEXITY IN Magnesium
0.96Rnk 189 / 1025
2018
Imports
$28.8MWorld Rnk 24 / 176
Flag Rnk 544 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2018, Saudi Arabia exported $228k in Magnesium, making it the 53rd largest exporter of Magnesium in the world. At the same year, Magnesium was the 822nd most exported product in Saudi Arabia. The main destination of Magnesium exports from Saudi Arabia are: Spain ($160k), Bahrain ($34.2k), Yemen ($22.3k), Kenya ($4.11k), and United Arab Emirates ($3.57k).

The fastest growing export markets for Magnesium of Saudi Arabia between 2022 and 2023 were Spain ($160k), Yemen ($22k), and Kenya ($4.11k).

Imports In 2023, Saudi Arabia imported $28.8M in Magnesium, becoming the 24th largest importer of Magnesium in the world. At the same year, Magnesium was the 544th most imported product in Saudi Arabia. Saudi Arabia imports Magnesium primarily from: China ($20.9M), United States ($1.23M), India ($1.12M), United Arab Emirates ($1.01M), and Spain ($813k).

The fastest growing import markets in Magnesium for Saudi Arabia between 2022 and 2023 were United States ($902k), United Arab Emirates ($749k), and Spain ($640k).

Latest Trends

Jan 2025

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)$228k
IMPORTS (2023)$28.8M
NET TRADE (2023)-$28.5M

In 2023, Saudi Arabia exported $228k in Magnesium. The main destinations of Saudi Arabia exports on Magnesium were Spain ($160k), Bahrain ($34.2k), Yemen ($22.3k), Kenya ($4.11k), and United Arab Emirates ($3.57k).

In 2023, Saudi Arabia imported $28.8M in Magnesium, mainly from China ($20.9M), United States ($1.23M), India ($1.12M), United Arab Emirates ($1.01M), and Spain ($813k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
Spain$160k (1%)
Yemen$22k (8.26k%)
Kenya$4.11k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Saudi Arabia WERE (2022 - 2023):
Jordan-$156k (-100%)
Kuwait-$81.9k (-99.5%)
United Arab Emirates-$75.6k (-95.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Magnesium were:
In 2023, Saudi Arabia'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 POTENTIALNetherlands+ $4.83k
TOP IMPORT POTENTIALChina+ $3.25M

Magnesium’s highest export potential is Netherlands. With an export gap of $4.83k.   Magnesium’s highest import potential is China with an import gap of $3.25M.

See methodology.

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