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810419 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.16BRnk 2025 / 4648
2022
Top Exporter | Top Importer $630M | $349MChina | United States
2022
Product Complexity 1.25Rnk 429 / 4653
2021 - 2022
Export Growth (CAGR) 94.6%Rnk 66 / 4648
2022
Share of World Trade 0.0049%Rnk 2025 / 4648

About

Overview This page contains the latest trade data of Magnesium unwrought nes. In 2022, Magnesium unwrought nes were the world's 2025th most traded product, with a total trade of $1.16B. Between 2021 and 2022 the exports of Magnesium unwrought nes grew by 94.6%, from $596M to $1.16B. Trade in Magnesium unwrought nes represent 0.0049% of total world trade.

Magnesium unwrought nes are a part of Magnesium.

Exports In 2022 the top exporters of Magnesium unwrought nes  were China ($630M), Czechia ($102M), Israel ($63.8M), Hungary ($54.9M), and Chinese Taipei ($45.6M).

Imports In 2022 the top importers of Magnesium unwrought nes were United States ($349M), Canada ($181M), Romania ($70M), Czechia ($65.8M), and Chinese Taipei ($60.3M).

Ranking Magnesium unwrought nes ranks 429th in the Product Complexity Index (PCI).

Description Magnesium is an important industrial metal. It is used in the production of steel, in oil refineries, and in making aluminum, as well as in the production of plastics, fertilizers, and pharmaceuticals.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Magnesium unwrought nes. 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$630M
Top Destination (2022)United States$349M

In 2022 Magnesium unwrought nes were the world's 2025th most traded product (out of 4,648).

In 2022, the top exporters of Magnesium unwrought nes were China ($630M), Czechia ($102M), Israel ($63.8M), Hungary ($54.9M), and Chinese Taipei ($45.6M).

In 2022, the top importers of Magnesium unwrought nes were United States ($349M), Canada ($181M), Romania ($70M), Czechia ($65.8M), and Chinese Taipei ($60.3M).

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Exporters of Magnesium unwrought nes (2022)
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Importers of Magnesium unwrought nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$276M
Top Destination Growth (2021 -  2022)United States$266M

Between 2021 and 2022, the exports of Magnesium unwrought nes grew the fastest in China ($276M), Czechia ($60.8M), Israel ($37.9M), Hungary ($37.2M), and Chinese Taipei ($36.5M).

Between 2021 and 2022, the fastest growing importers of Magnesium unwrought nes were United States ($266M), Canada ($111M), Czechia ($56.3M), Romania ($31.4M), and Mexico ($22.5M).

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Exporters of Magnesium unwrought nes (2021 - 2022)

Importers of Magnesium unwrought nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Magnesium unwrought nes.

In 2022, market concentration measured using Shannon Entropy, was 2.78. This means that most of the exports of Magnesium unwrought nes are explained by 6 countries.

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Value of Exports in Magnesium unwrought nes

Net Trade

TOP NET EXPORTER (2022)China$629M
TOP NET IMPORTER (2022)United States$330M

This map shows which countries export or import more of Magnesium unwrought nes. Each country is colored based on the difference in exports and imports of Magnesium unwrought nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Magnesium unwrought nes were China ($629M), Hungary ($54.6M), Israel ($53.3M), Czechia ($36M), and Netherlands ($24.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Magnesium unwrought nes were United States ($330M), Canada ($151M), Romania ($57.3M), Japan ($36.4M), and Mexico ($32.9M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Magnesium unwrought nes 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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