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850511Overview This page contains the latest trade data of Metal permanent magnets, articles intended as magnets. In 2023, Metal permanent magnets, articles intended as magnets were the world's 617th most traded product, with a total trade of $5.93B. Between 2022 and 2023 the exports of Metal permanent magnets, articles intended as magnets decreased by -13.4%, from $6.85B to $5.93B. Trade in Metal permanent magnets, articles intended as magnets represent 0.026% of total world trade.
Metal permanent magnets, articles intended as magnets are a part of Electromagnets.
Exports In 2023 the top exporters of Metal permanent magnets, articles intended as magnets were China ($3.71B), Philippines ($492M), Japan ($449M), Vietnam ($382M), and Germany ($221M).
Imports In 2023 the top importers of Metal permanent magnets, articles intended as magnets were Japan ($765M), Germany ($757M), United States ($573M), South Korea ($482M), and Philippines ($422M).
Ranking Metal permanent magnets, articles intended as magnets ranks 1230th in the Product Complexity Index (PCI).
Description Permanent magnets (also called ferromagnetic materials) are materials that produce a magnetic field. These materials are usually found in their natural state, such as the iron in a piece of steel. Ferromagnetic materials can also be identified by using a magnet. If the materials can be attracted or repelled by a magnet, they may be ferromagnetic. Common uses of metal permanent magnets include compasses, audio speakers, electric motors, and electric generators.
