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251910 (Harmonized System 1992 for 6-digit)

2023
World Trade $141MRnk 3884 / 4644
2023
Top Exporter | Top Importer $96.3M | $77.2MChina | Indonesia
2023
Product Complexity -0.99Rnk 3798 / 4656
2022 - 2023
Export Growth (CAGR) -7.45%Rnk 2410 / 4644
2023
Share of World Trade 0.00062%Rnk 3884 / 4644

About

Overview This page contains the latest trade data of Natural magnesium carbonate (magnesite). In 2023, Natural magnesium carbonate (magnesite) were the world's 3884th most traded product, with a total trade of $141M. Between 2022 and 2023 the exports of Natural magnesium carbonate (magnesite) decreased by -7.45%, from $152M to $141M. Trade in Natural magnesium carbonate (magnesite) represent 0.00062% of total world trade.

Natural magnesium carbonate (magnesite) are a part of Magnesium Carbonate.

Exports In 2023 the top exporters of Natural magnesium carbonate (magnesite)  were China ($96.3M), Turkey ($7.73M), Spain ($6.48M), Germany ($4.55M), and Guatemala ($4.21M).

Imports In 2023 the top importers of Natural magnesium carbonate (magnesite) were Indonesia ($77.2M), Japan ($11.3M), Ireland ($5.51M), Italy ($3.47M), and United Kingdom ($3.26M).

Ranking Natural magnesium carbonate (magnesite) ranks 3798th in the Product Complexity Index (PCI).

Description The common uses of natural magnesium carbonate (magnesite) are as an additive in paints and plastics manufacturing, as an antacid to help neutralize the stomach's excess acid and to help relieve kidney stones and gout. There is also evidence that natural magnesium carbonate (magnesite) can help relieve depression, anxiety, and stress.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Natural magnesium carbonate (magnesite). 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$96.3M
Top Destination (2023)Indonesia$77.2M

In 2023 Natural magnesium carbonate (magnesite) were the world's 3884th most traded product (out of 4,644).

In 2023, the top exporters of Natural magnesium carbonate (magnesite) were China ($96.3M), Turkey ($7.73M), Spain ($6.48M), Germany ($4.55M), and Guatemala ($4.21M).

In 2023, the top importers of Natural magnesium carbonate (magnesite) were Indonesia ($77.2M), Japan ($11.3M), Ireland ($5.51M), Italy ($3.47M), and United Kingdom ($3.26M).

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Exporters of Natural magnesium carbonate (magnesite) (2023)
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Importers of Natural magnesium carbonate (magnesite) (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$3.34M
Top Destination Growth (2022 -  2023)Indonesia$3.15M

Between 2022 and 2023, the exports of Natural magnesium carbonate (magnesite) grew the fastest in Germany ($3.34M), Indonesia ($1.46M), Slovakia ($930k), Poland ($551k), and South Africa ($540k).

Between 2022 and 2023, the fastest growing importers of Natural magnesium carbonate (magnesite) were Indonesia ($3.15M), Austria ($2.13M), Singapore ($1.21M), Italy ($1.2M), and United Kingdom ($1.18M).

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Exporters of Natural magnesium carbonate (magnesite) (2022 - 2023)

Importers of Natural magnesium carbonate (magnesite) (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Natural magnesium carbonate (magnesite).

In 2023, market concentration measured using Shannon Entropy, was 2.26. This means that most of the exports of Natural magnesium carbonate (magnesite) are explained by 4 countries.

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Value of Exports in Natural magnesium carbonate (magnesite)

Net Trade

TOP NET EXPORTER (2023)China$95M
TOP NET IMPORTER (2023)Indonesia$75.8M

This map shows which countries export or import more of Natural magnesium carbonate (magnesite). Each country is colored based on the difference in exports and imports of Natural magnesium carbonate (magnesite) during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Natural magnesium carbonate (magnesite) were China ($95M), Turkey ($7.61M), Spain ($5.37M), Guatemala ($4.21M), and Germany ($3.21M).

In 2023, the countries that had a largest trade value in imports than in exports of Natural magnesium carbonate (magnesite) were Indonesia ($75.8M), Japan ($9.63M), Ireland ($5.29M), Italy ($3M), and Austria ($2.28M).

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 Natural magnesium carbonate (magnesite).
It is possible to select the main countries that export or import Natural magnesium carbonate (magnesite) in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Natural magnesium carbonate (magnesite) 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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