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2022
Exports $16.2kWorld Rnk 79 / 100
Flag Rnk 357 / 665
2022
Destination $16.2k Colombia
2022
PRODUCT COMPLEXITY IN Magnesium0.95Rnk 193 / 1025
2022
Imports $4.88kWorld Rnk 137 / 168
Flag Rnk 1004 / 1063
2022
Origin $4.88k India
2022
ECONOMIC COMPLEXITY of Venezuela-0.87Rnk 107 / 133

About

Exports In 2022, Venezuela exported $16.2k in Magnesium, making it the 79th largest exporter of Magnesium in the world. At the same year, Magnesium was the 357th most exported product in Venezuela. The main destination of Magnesium exports from Venezuela are: Colombia ($16.2k).

The fastest growing export markets for Magnesium of Venezuela between N/A and 2022 were Colombia ($16.2k).

Imports In 2022, Venezuela imported $4.88k in Magnesium, becoming the 137th largest importer of Magnesium in the world. At the same year, Magnesium was the 1004th most imported product in Venezuela. Venezuela imports Magnesium primarily from: India ($4.88k).

The fastest growing import markets in Magnesium for Venezuela between 2021 and 2022 were India ($4.88k).

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)$16.2k
IMPORTS (2022)$4.88k
NET TRADE (2022)$11.3k

In 2022, Venezuela exported $16.2k in Magnesium. The main destinations of Venezuela exports on Magnesium were Colombia ($16.2k).

In 2022, Venezuela imported $4.88k in Magnesium, mainly from India ($4.88k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR Venezuela WERE (N/A - 2022):Colombia$16.2k (1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Venezuela's main exporting competitors in Magnesium were:
China $2.46B
Israel $231M
Turkey $152M
In 2022, Venezuela'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
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N/A
N/AN/A
N/AN/A

Magnesium’s highest export potential is N/A. With an export gap of N/A.   Magnesium’s highest import potential is N/A with an import gap of N/A.

See methodology.

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