2022
Exports
$8.8MWorld Rnk 30 / 100
Flag Rnk 599 / 1198
2022
PRODUCT COMPLEXITY IN Magnesium
0.95Rnk 193 / 1025
2022
Imports
$17MWorld Rnk 37 / 168
Flag Rnk 690 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $8.8M in Magnesium, making it the 30th largest exporter of Magnesium in the world. At the same year, Magnesium was the 599th most exported product in Singapore. The main destination of Magnesium exports from Singapore are: India ($6.16M), Austria ($789k), United States ($642k), Belgium ($438k), and France ($418k).

The fastest growing export markets for Magnesium of Singapore between 2021 and 2022 were India ($5.87M), Austria ($789k), and United States ($449k).

Imports In 2022, Singapore imported $17M in Magnesium, becoming the 37th largest importer of Magnesium in the world. At the same year, Magnesium was the 690th most imported product in Singapore. Singapore imports Magnesium primarily from: United States ($9.7M), China ($3.62M), Malaysia ($2.65M), New Zealand ($802k), and United Kingdom ($119k).

The fastest growing import markets in Magnesium for Singapore between 2021 and 2022 were United States ($3.89M), China ($2.86M), and New Zealand ($802k).

Latest Trends

Jul 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)$8.8M
IMPORTS (2022)$17M
NET TRADE (2022)-$8.23M

In 2022, Singapore exported $8.8M in Magnesium. The main destinations of Singapore exports on Magnesium were India ($6.16M), Austria ($789k), United States ($642k), Belgium ($438k), and France ($418k).

In 2022, Singapore imported $17M in Magnesium, mainly from United States ($9.7M), China ($3.62M), Malaysia ($2.65M), New Zealand ($802k), and United Kingdom ($119k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$5.87M (2k%)
Austria$789k (1%)
United States$449k (231%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Singapore WERE (2021 - 2022):
Canada-$230k (-100%)
Iran-$128k (-100%)
Chinese Taipei-$61.8k (-79.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Magnesium were:
China $2.46B
In 2022, Singapore'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+ $616k
TOP IMPORT POTENTIALChina+ $2.74M

Magnesium’s highest export potential is United States. With an export gap of $616k.   Magnesium’s highest import potential is China with an import gap of $2.74M.

See methodology.

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