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810430 (Harmonized System 1992 for 6-digit)

2023
World Trade $420MRnk 3025 / 4644
2023
Top Exporter | Top Importer $329M | $81.5MChina | Canada
2023
Product Complexity 1.01Rnk 754 / 4656
2022 - 2023
Export Growth (CAGR) -34.5%Rnk 4356 / 4644
2023
Share of World Trade 0.0019%Rnk 3025 / 4644

About

Overview This page contains the latest trade data of Magnesium raspings/turnings/etc, size graded, powder. In 2023, Magnesium raspings/turnings/etc, size graded, powder were the world's 3025th most traded product, with a total trade of $420M. Between 2022 and 2023 the exports of Magnesium raspings/turnings/etc, size graded, powder decreased by -34.5%, from $642M to $420M. Trade in Magnesium raspings/turnings/etc, size graded, powder represent 0.0019% of total world trade.

Magnesium raspings/turnings/etc, size graded, powder are a part of Magnesium.

Exports In 2023 the top exporters of Magnesium raspings/turnings/etc, size graded, powder  were China ($329M), Austria ($23.3M), Germany ($15.3M), Turkey ($12M), and Slovakia ($11.3M).

Imports In 2023 the top importers of Magnesium raspings/turnings/etc, size graded, powder were Canada ($81.5M), Germany ($61.1M), Netherlands ($43.8M), Slovakia ($39.7M), and Turkey ($29.8M).

Ranking Magnesium raspings/turnings/etc, size graded, powder ranks 754th in the Product Complexity Index (PCI).

Description Magnesium is used in many applications such as fire retardant, corrosion prevention, and industrial lubrication. It is also used in the production of magnesium alloys, metal casting and construction materials.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Magnesium raspings/turnings/etc, size graded, powder. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$329M
Top Destination (2023)Canada$81.5M

In 2023 Magnesium raspings/turnings/etc, size graded, powder were the world's 3025th most traded product (out of 4,644).

In 2023, the top exporters of Magnesium raspings/turnings/etc, size graded, powder were China ($329M), Austria ($23.3M), Germany ($15.3M), Turkey ($12M), and Slovakia ($11.3M).

In 2023, the top importers of Magnesium raspings/turnings/etc, size graded, powder were Canada ($81.5M), Germany ($61.1M), Netherlands ($43.8M), Slovakia ($39.7M), and Turkey ($29.8M).

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Exporters of Magnesium raspings/turnings/etc, size graded, powder (2023)
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Importers of Magnesium raspings/turnings/etc, size graded, powder (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$1.73M
Top Destination Growth (2022 -  2023)Netherlands$14.9M

Between 2022 and 2023, the exports of Magnesium raspings/turnings/etc, size graded, powder grew the fastest in South Korea ($1.73M), Oman ($501k), Mexico ($118k), Japan ($114k), and Hungary ($90k).

Between 2022 and 2023, the fastest growing importers of Magnesium raspings/turnings/etc, size graded, powder were Netherlands ($14.9M), Brazil ($5.52M), Romania ($1.85M), Malaysia ($730k), and Saudi Arabia ($300k).

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Exporters of Magnesium raspings/turnings/etc, size graded, powder (2022 - 2023)

Importers of Magnesium raspings/turnings/etc, size graded, powder (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Magnesium raspings/turnings/etc, size graded, powder.

In 2023, market concentration measured using Shannon Entropy, was 1.49. This means that most of the exports of Magnesium raspings/turnings/etc, size graded, powder are explained by 2 countries.

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Value of Exports in Magnesium raspings/turnings/etc, size graded, powder

Net Trade

TOP NET EXPORTER (2023)China$329M
TOP NET IMPORTER (2023)Canada$81.5M

This map shows which countries export or import more of Magnesium raspings/turnings/etc, size graded, powder. Each country is colored based on the difference in exports and imports of Magnesium raspings/turnings/etc, size graded, powder during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Magnesium raspings/turnings/etc, size graded, powder were China ($329M), Austria ($12M), Russia ($2.25M), Slovenia ($733k), and Oman ($478k).

In 2023, the countries that had a largest trade value in imports than in exports of Magnesium raspings/turnings/etc, size graded, powder were Canada ($81.5M), Germany ($45.9M), Netherlands ($42.3M), Slovakia ($28.5M), and India ($28.3M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Magnesium raspings/turnings/etc, size graded, powder.
It is possible to select the main countries that export or import Magnesium raspings/turnings/etc, size graded, powder in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Magnesium raspings/turnings/etc, size graded, powder by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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