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2022
Exports $152MWorld Rnk 3 / 100
Flag Rnk 302 / 1213
2022
Destination $85.7M United States
2021 - 2022
FASTEST GROWING MARKET $85.7MUnited States
2022
PRODUCT COMPLEXITY IN Magnesium0.95Rnk 193 / 1025
2022
Imports $161MWorld Rnk 6 / 168
Flag Rnk 285 / 1211
2022
Origin $109M China
2021 - 2022
FASTEST GROWING ORIGIN $109MChina
2022
ECONOMIC COMPLEXITY of Turkey0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $152M in Magnesium, making it the 3rd largest exporter of Magnesium in the world. At the same year, Magnesium was the 302nd most exported product in Turkey. The main destination of Magnesium exports from Turkey are: United States ($105M), Germany ($12.7M), Norway ($8.32M), Belgium ($5.98M), and Netherlands ($2.54M).

The fastest growing export markets for Magnesium of Turkey between 2021 and 2022 were United States ($85.7M), Germany ($8.39M), and Norway ($5.32M).

Imports In 2022, Turkey imported $161M in Magnesium, becoming the 6th largest importer of Magnesium in the world. At the same year, Magnesium was the 285th most imported product in Turkey. Turkey imports Magnesium primarily from: China ($153M), United States ($1.53M), Russia ($1.31M), Israel ($1.16M), and India ($898k).

The fastest growing import markets in Magnesium for Turkey between 2021 and 2022 were China ($109M), Slovakia ($548k), and France ($329k).

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)$152M
IMPORTS (2022)$161M
NET TRADE (2022)-$8.79M

In 2022, Turkey exported $152M in Magnesium. The main destinations of Turkey exports on Magnesium were United States ($105M), Germany ($12.7M), Norway ($8.32M), Belgium ($5.98M), and Netherlands ($2.54M).

In 2022, Turkey imported $161M in Magnesium, mainly from China ($153M), United States ($1.53M), Russia ($1.31M), Israel ($1.16M), and India ($898k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
United States$85.7M (434%)
Germany$8.39M (193%)
Norway$5.32M (177%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY Turkey WERE (2021 - 2022):
Greece-$2.02M (-78.6%)
Netherlands-$1.4M (-35.6%)
Brazil-$1.38M (-51.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Magnesium were:
China $2.46B
Israel $231M
In 2022, Turkey's main importing competitors in Magnesium were:
United States $877M
Canada $477M
Germany $211M

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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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