2023
Exports
$116MWorld Rnk 3 / 97
Flag Rnk 341 / 1215
2023
PRODUCT COMPLEXITY IN Magnesium
0.96Rnk 189 / 1025
2023
Imports
$66.5MWorld Rnk 10 / 176
Flag Rnk 451 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $116M in Magnesium, making it the 3rd largest exporter of Magnesium in the world. At the same year, Magnesium was the 341st most exported product in Turkey. The main destination of Magnesium exports from Turkey are: United States ($101M), Germany ($3.07M), Brazil ($2.86M), Russia ($1.77M), and Romania ($1.3M).

The fastest growing export markets for Magnesium of Turkey between 2022 and 2023 were Brazil ($1.64M), Romania ($587k), and South Africa ($466k).

Imports In 2023, Turkey imported $66.5M in Magnesium, becoming the 10th largest importer of Magnesium in the world. At the same year, Magnesium was the 451st most imported product in Turkey. Turkey imports Magnesium primarily from: China ($59.3M), Israel ($1.49M), Russia ($1.44M), India ($920k), and Slovakia ($750k).

The fastest growing import markets in Magnesium for Turkey between 2022 and 2023 were Slovakia ($198k), Israel ($183k), and Czechia ($119k).

Latest Trends

Dec 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 (2023)$116M
IMPORTS (2023)$66.5M
NET TRADE (2023)$49.4M

In 2023, Turkey exported $116M in Magnesium. The main destinations of Turkey exports on Magnesium were United States ($101M), Germany ($3.07M), Brazil ($2.86M), Russia ($1.77M), and Romania ($1.3M).

In 2023, Turkey imported $66.5M in Magnesium, mainly from China ($59.3M), Israel ($1.49M), Russia ($1.44M), India ($920k), and Slovakia ($750k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Brazil$1.64M (134%)
Romania$587k (82.8%)
South Africa$466k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Turkey WERE (2022 - 2023):
Belgium-$8.94M (-99.6%)
United States-$8.64M (-7.88%)
Norway-$8.09M (-97.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Turkey's main exporting competitors in Magnesium were:
China $1.5B
In 2023, Turkey'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 POTENTIALGermany+ $3.31M
TOP IMPORT POTENTIALIsrael+ $1.36M

Magnesium’s highest export potential is Germany. With an export gap of $3.31M.   Magnesium’s highest import potential is Israel with an import gap of $1.36M.

See methodology.

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