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810430 (Harmonized System 1992 for 6-digit)

2022
World Trade $589MRnk 2761 / 4648
2022
Top Exporter | Top Importer $427M | $100MChina | Canada
2022
Product Complexity 0.91Rnk 907 / 4653
2021 - 2022
Export Growth (CAGR) 58.8%Rnk 129 / 4648
2022
Share of World Trade 0.0025%Rnk 2761 / 4648

About

Overview This page contains the latest trade data of Magnesium raspings/turnings/etc, size graded, powder. In 2022, Magnesium raspings/turnings/etc, size graded, powder were the world's 2761st most traded product, with a total trade of $589M. Between 2021 and 2022 the exports of Magnesium raspings/turnings/etc, size graded, powder grew by 58.8%, from $371M to $589M. Trade in Magnesium raspings/turnings/etc, size graded, powder represent 0.0025% of total world trade.

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

Exports In 2022 the top exporters of Magnesium raspings/turnings/etc, size graded, powder  were China ($427M), Austria ($35.5M), Germany ($25.7M), Slovakia ($22.8M), and Turkey ($21M).

Imports In 2022 the top importers of Magnesium raspings/turnings/etc, size graded, powder were Canada ($100M), Germany ($84.3M), Turkey ($73.2M), Netherlands ($58.2M), and India ($39.1M).

Ranking Magnesium raspings/turnings/etc, size graded, powder ranks 907th 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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Flow
Y-AXIS SCALE

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 (2022)China$427M
Top Destination (2022)Canada$100M

In 2022 Magnesium raspings/turnings/etc, size graded, powder were the world's 2761st most traded product (out of 4,648).

In 2022, the top exporters of Magnesium raspings/turnings/etc, size graded, powder were China ($427M), Austria ($35.5M), Germany ($25.7M), Slovakia ($22.8M), and Turkey ($21M).

In 2022, the top importers of Magnesium raspings/turnings/etc, size graded, powder were Canada ($100M), Germany ($84.3M), Turkey ($73.2M), Netherlands ($58.2M), and India ($39.1M).

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Exporters of Magnesium raspings/turnings/etc, size graded, powder (2022)
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Importers of Magnesium raspings/turnings/etc, size graded, powder (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$155M
Top Destination Growth (2021 -  2022)Turkey$44M

Between 2021 and 2022, the exports of Magnesium raspings/turnings/etc, size graded, powder grew the fastest in China ($155M), Austria ($17.5M), Slovakia ($13.7M), Turkey ($10.8M), and Germany ($9.46M).

Between 2021 and 2022, the fastest growing importers of Magnesium raspings/turnings/etc, size graded, powder were Turkey ($44M), Germany ($37.1M), Canada ($34.8M), India ($20.7M), and United States ($18.5M).

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Exporters of Magnesium raspings/turnings/etc, size graded, powder (2021 - 2022)

Importers of Magnesium raspings/turnings/etc, size graded, powder (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 1.8. This means that most of the exports of Magnesium raspings/turnings/etc, size graded, powder are explained by 3 countries.

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

Net Trade

TOP NET EXPORTER (2022)China$427M
TOP NET IMPORTER (2022)Canada$100M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Magnesium raspings/turnings/etc, size graded, powder were China ($427M), Austria ($23.4M), Chinese Taipei ($4.91M), Russia ($3.37M), and Hong Kong ($1.36M).

In 2022, the countries that had a largest trade value in imports than in exports of Magnesium raspings/turnings/etc, size graded, powder were Canada ($100M), Germany ($58.6M), Turkey ($52.2M), Netherlands ($47.7M), and India ($38.9M).

Net Trade (2022)

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 (2022)

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