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283321 (Harmonized System 1992 for 6-digit)

2023
World Trade $353MRnk 3188 / 4644
2023
Top Exporter | Top Importer $145M | $26.5MChina | United States
2023
Product Complexity 0.054Rnk 2464 / 4656
2022 - 2023
Export Growth (CAGR) -31.9%Rnk 4289 / 4644
2023
Share of World Trade 0.0016%Rnk 3188 / 4644

About

Overview This page contains the latest trade data of Magnesium sulphate. In 2023, Magnesium sulphate were the world's 3188th most traded product, with a total trade of $353M. Between 2022 and 2023 the exports of Magnesium sulphate decreased by -31.9%, from $518M to $353M. Trade in Magnesium sulphate represent 0.0016% of total world trade.

Magnesium sulphate are a part of Sulfates.

Exports In 2023 the top exporters of Magnesium sulphate  were China ($145M), Germany ($92.5M), Ireland ($33.6M), India ($12.1M), and Poland ($8.41M).

Imports In 2023 the top importers of Magnesium sulphate were United States ($26.5M), Malaysia ($17.3M), Bangladesh ($16.1M), France ($14.5M), and Finland ($14.1M).

Ranking Magnesium sulphate ranks 2464th in the Product Complexity Index (PCI).

Description Magnesium sulphate is commonly used as a fertilizer and it can also be used as a flame retardant. It can also be used as a coagulant to separate out blood plasma in the production of blood products.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Magnesium sulphate. 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$145M
Top Destination (2023)United States$26.5M

In 2023 Magnesium sulphate were the world's 3188th most traded product (out of 4,644).

In 2023, the top exporters of Magnesium sulphate were China ($145M), Germany ($92.5M), Ireland ($33.6M), India ($12.1M), and Poland ($8.41M).

In 2023, the top importers of Magnesium sulphate were United States ($26.5M), Malaysia ($17.3M), Bangladesh ($16.1M), France ($14.5M), and Finland ($14.1M).

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Exporters of Magnesium sulphate (2023)
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Importers of Magnesium sulphate (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Czechia$1.51M
Top Destination Growth (2022 -  2023)Sweden$1.39M

Between 2022 and 2023, the exports of Magnesium sulphate grew the fastest in Czechia ($1.51M), Uruguay ($1.16M), Chile ($674k), Cote d'Ivoire ($367k), and Mexico ($232k).

Between 2022 and 2023, the fastest growing importers of Magnesium sulphate were Sweden ($1.39M), India ($1.13M), Kuwait ($745k), Cote d'Ivoire ($716k), and Laos ($697k).

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Exporters of Magnesium sulphate (2022 - 2023)

Importers of Magnesium sulphate (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Magnesium sulphate.

In 2023, market concentration measured using Shannon Entropy, was 2.86. This means that most of the exports of Magnesium sulphate are explained by 7 countries.

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Value of Exports in Magnesium sulphate

Net Trade

TOP NET EXPORTER (2023)China$143M
TOP NET IMPORTER (2023)United States$18.1M

This map shows which countries export or import more of Magnesium sulphate. Each country is colored based on the difference in exports and imports of Magnesium sulphate during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Magnesium sulphate were China ($143M), Germany ($90.6M), Ireland ($32.2M), India ($9.92M), and Japan ($5.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Magnesium sulphate were United States ($18.1M), Malaysia ($15.3M), Finland ($14M), France ($11.2M), and Canada ($9.71M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Magnesium sulphate 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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