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Mica, including splittings; mica waste

2525 (Harmonized System 1992 for 4-digit)

2023
World Trade $213MRnk 1132 / 1217
2023
Top Exporter | Top Importer $48.6M | $60.9MChina | China
2022 - 2023
Export Growth (CAGR) -1.06%Rnk 443 / 1217
2023
Share of World Trade 0.00094%Rnk 1132 / 1217

About

Overview This page contains the latest trade data of Mica. In 2023, Mica were the world's 1132nd most traded product, with a total trade of $213M. Between 2022 and 2023 the exports of Mica decreased by -1.06%, from $215M to $213M. Trade in Mica represent 0.00094% of total world trade.

Mica are a part of Salt, sulphur, cement, lime, stone, & plaster. They include Mica powder, Mica in crude form, sheets and splittings, and Mica waste.

Exports In 2023 the top exporters of Mica  were China ($48.6M), India ($48.5M), Madagascar ($17.7M), Canada ($9.35M), and United States ($8.69M).

Imports In 2023 the top importers of Mica were China ($60.9M), Japan ($40.1M), Germany ($20M), United States ($15.5M), and Italy ($8.28M).

Description Mica is a naturally occurring mineral that is mined for use in a variety of products. It is used as an insulator in electronic devices and as a coating on the inside of ovens. It is also used in the manufacturing of paint, plastics, and ceramics. Mica is also used in the manufacturing of paper and textiles.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Mica. 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$48.6M
Top Destination (2023)China$60.9M

In 2023 Mica were the world's 1132nd most traded product (out of 1,217).

In 2023, the top exporters of Mica were China ($48.6M), India ($48.5M), Madagascar ($17.7M), Canada ($9.35M), and United States ($8.69M).

In 2023, the top importers of Mica were China ($60.9M), Japan ($40.1M), Germany ($20M), United States ($15.5M), and Italy ($8.28M).

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Exporters of Mica (2023)
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Importers of Mica (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Africa$3.17M
Top Destination Growth (2022 -  2023)China$13.2M

Between 2022 and 2023, the exports of Mica grew the fastest in South Africa ($3.17M), Madagascar ($2.93M), Tanzania ($1.46M), Spain ($1.29M), and India ($1.18M).

Between 2022 and 2023, the fastest growing importers of Mica were China ($13.2M), Italy ($2.08M), Mexico ($649k), Saudi Arabia ($557k), and South Korea ($539k).

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Exporters of Mica (2022 - 2023)

Importers of Mica (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Mica.

In 2023, market concentration measured using Shannon Entropy, was 3.85. This means that most of the exports of Mica are explained by 14 countries.

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Value of Exports in Mica

Net Trade

TOP NET EXPORTER (2023)India$46.1M
TOP NET IMPORTER (2023)Japan$31.7M

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

In 2023, the countries that had a largest trade value in exports than in imports of Mica were India ($46.1M), Madagascar ($17.7M), Canada ($8.12M), Nigeria ($6.77M), and France ($4.91M).

In 2023, the countries that had a largest trade value in imports than in exports of Mica were Japan ($31.7M), China ($12.3M), Germany ($12M), United States ($6.81M), and Italy ($6.56M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Mica, disaggragated by their HS6 level were Mica powder ($138M), Mica in crude form, sheets and... ($64.6M), and Mica waste ($10.9M)

HS6 Disaggregation for Mica (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Mica by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $3.52M
TOP IMPORT POTENTIALChina+ $694k

Mica’s highest export potential is China. With an export gap of $3.52M.  Mica’s highest import potential is China with an import gap of $694k.

See methodology.

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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)

Country by Relatedness

The following visualization shows the relatedness of Mica to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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