2022
Exports
$4.53MWorld Rnk 38 / 100
Flag Rnk 821 / 1211
2022
PRODUCT COMPLEXITY IN Magnesium
0.95Rnk 193 / 1025
2022
Imports
$45.8MWorld Rnk 24 / 168
Flag Rnk 528 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $4.53M in Magnesium, making it the 38th largest exporter of Magnesium in the world. At the same year, Magnesium was the 821st most exported product in Thailand. The main destination of Magnesium exports from Thailand are: Vietnam ($1.41M), Brazil ($1.4M), Japan ($1M), South Korea ($254k), and Chinese Taipei ($126k).

The fastest growing export markets for Magnesium of Thailand between 2021 and 2022 were Brazil ($1.12M), Japan ($197k), and Chinese Taipei ($126k).

Imports In 2022, Thailand imported $45.8M in Magnesium, becoming the 24th largest importer of Magnesium in the world. At the same year, Magnesium was the 528th most imported product in Thailand. Thailand imports Magnesium primarily from: China ($43.1M), United States ($971k), Japan ($512k), Vietnam ($466k), and United Kingdom ($265k).

The fastest growing import markets in Magnesium for Thailand between 2021 and 2022 were China ($13M), United States ($487k), and United Kingdom ($199k).

Latest Trends

Sep 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)$4.53M
IMPORTS (2022)$45.8M
NET TRADE (2022)-$41.3M

In 2022, Thailand exported $4.53M in Magnesium. The main destinations of Thailand exports on Magnesium were Vietnam ($1.41M), Brazil ($1.4M), Japan ($1M), South Korea ($254k), and Chinese Taipei ($126k).

In 2022, Thailand imported $45.8M in Magnesium, mainly from China ($43.1M), United States ($971k), Japan ($512k), Vietnam ($466k), and United Kingdom ($265k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Brazil$1.12M (408%)
Japan$197k (24.6%)
Chinese Taipei$126k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Thailand WERE (2021 - 2022):
Vietnam-$2.01M (-58.8%)
Hong Kong-$462k (-100%)
China-$92.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Magnesium were:
China $2.46B
In 2022, Thailand'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 POTENTIALJapan+ $378k
TOP IMPORT POTENTIALChina+ $2.73M

Magnesium’s highest export potential is Japan. With an export gap of $378k.   Magnesium’s highest import potential is China with an import gap of $2.73M.

See methodology.

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