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Magnesite and magnesia: top exporters and importers (2024)

In 2024, world trade in magnesite and magnesia totaled $2.2 billion (6.7 million tonnes). The top exporters were China (48%), Turkey (5%) and Brazil (5%); the top importers were the United States (11%), India (9%) and Germany (7%). Compared with 2019, the value fell 10%.

Summary

World trade
$2.2billion
Tonnes
6.7million tonnes
Price per tonne
$322
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$1 billion · 48.1%
  2. Turkey$117 million · 5.4%
  3. Brazil$106 million · 4.9%
  4. Spain$88 million · 4.1%
  5. Japan$85 million · 3.9%
  6. Israel$74 million · 3.4%
  7. Netherlands$65 million · 3%
    re-exports
  8. Slovakia$64 million · 2.9%
  9. Austria$54 million · 2.5%
  10. Germany$51 million · 2.4%
  11. Australia$49 million · 2.3%
  12. Greece$48 million · 2.2%
  13. Tanzania$44 million · 2%
  14. United States$40 million · 1.8%
  15. Mexico$30 million · 1.4%
  16. France$30 million · 1.4%
  17. Saudi Arabia$27 million · 1.3%
  18. Canada$25 million · 1.2%
  19. Namibia$23 million · 1%
  20. United Kingdom$17 million · 0.79%

Top importers

  1. United States$228 million · 10.5%
  2. India$193 million · 8.9%
  3. Germany$155 million · 7.2%
  4. Japan$123 million · 5.7%
  5. Netherlands$112 million · 5.2%
    re-exports
  6. Democratic Republic of the Congo$103 million · 4.7%
  7. Austria$88 million · 4.1%
  8. Indonesia$84 million · 3.9%
  9. France$71 million · 3.3%
  10. South Korea$69 million · 3.2%
  11. Poland$61 million · 2.8%
  12. Turkey$59 million · 2.7%
  13. China$49 million · 2.3%
  14. Taiwan$47 million · 2.2%
  15. Italy$42 million · 1.9%
  16. Ukraine$41 million · 1.9%
  17. Brazil$40 million · 1.8%
  18. Spain$39 million · 1.8%
  19. Russia$38 million · 1.8%
  20. Malaysia$29 million · 1.4%

Trend

Who sells it

China was the top exporter throughout the period

Value in USD billions. The five largest exporters in 2024.

  • China 1
  • Turkey 0.12
  • Brazil 0.11
  • Spain 0.09
  • Japan 0.09

Source: CEPII BACI

Show the numbers
Country19952024
China0.471
Turkey0.090.12
Brazil0.030.11
Spain0.020.09
Japan0.050.09

Price

Implied price

The price per tonne rose 23% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $322

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$262
1996$238
1997$244
1998$226
1999$203
2000$204
2001$213
2002$143
2003$216
2004$247
2005$268
2006$255
2007$309
2008$426
2009$414
2010$455
2011$477
2012$458
2013$470
2014$483
2015$406
2016$434
2017$391
2018$499
2019$432
2020$355
2021$371
2022$403
2023$308
2024$322

What it includes

  • 2519 · Magnesite and magnesia

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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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