globaltraffic.earth

Magnesium: top exporters and importers (2024)

In 2024, world trade in magnesium totaled $2.2 billion (701 thousand tonnes). China accounted for 58% of exports, followed by Israel (6%) and Germany (3%); the top importers were the United States (17%), Canada (8%) and Germany (7%). Compared with 2019, the value rose 13%.

Summary

World trade
$2.2billion
Tonnes
701thousand tonnes
Price per tonne
$3,154
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$1.3 billion · 58.3%
  2. Israel$142 million · 6.4%
  3. Germany$73 million · 3.3%
  4. Netherlands$70 million · 3.2%
    re-exports
  5. Austria$69 million · 3.1%
  6. United Kingdom$68 million · 3.1%
  7. Turkey$55 million · 2.5%
  8. Czechia$53 million · 2.4%
  9. South Korea$49 million · 2.2%
  10. Canada$41 million · 1.9%
  11. United States$38 million · 1.7%
  12. Mexico$36 million · 1.7%
  13. Romania$21 million · 0.97%
  14. Hungary$19 million · 0.87%
  15. Taiwan$17 million · 0.78%
  16. Poland$14 million · 0.64%
  17. Spain$14 million · 0.63%
  18. India$13 million · 0.6%
  19. Slovakia$13 million · 0.6%
  20. Italy$12 million · 0.55%

Top importers

  1. United States$379 million · 17.1%
  2. Canada$184 million · 8.3%
  3. Germany$159 million · 7.2%
  4. India$110 million · 5%
  5. Japan$102 million · 4.6%
  6. South Korea$91 million · 4.1%
  7. Netherlands$83 million · 3.8%
    re-exports
  8. Turkey$83 million · 3.8%
  9. Mexico$62 million · 2.8%
  10. Romania$58 million · 2.6%
  11. Czechia$56 million · 2.5%
  12. Austria$55 million · 2.5%
  13. France$54 million · 2.5%
  14. Poland$48 million · 2.2%
  15. Italy$47 million · 2.1%
  16. Saudi Arabia$47 million · 2.1%
  17. Norway$47 million · 2.1%
  18. United Kingdom$42 million · 1.9%
  19. United Arab Emirates$41 million · 1.8%
  20. Taiwan$32 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 1.3
  • Israel 0.14
  • Germany 0.07
  • Netherlands 0.07
  • Austria 0.07

Source: CEPII BACI

Show the numbers
Country19952024
China0.121.3
Israel< 0.010.14
Germany0.020.07
Netherlands0.060.07
Austria0.030.07

Price

Implied price

The price per tonne fell 11% since 1995

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

  • 2024: $3,154

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$3,555
1996$3,391
1997$2,886
1998$2,781
1999$2,588
2000$2,248
2001$2,057
2002$1,353
2003$2,031
2004$2,090
2005$2,185
2006$2,110
2007$2,701
2008$4,197
2009$3,336
2010$3,195
2011$3,501
2012$3,431
2013$3,356
2014$3,231
2015$2,882
2016$2,653
2017$2,860
2018$2,939
2019$2,909
2020$2,621
2021$3,657
2022$5,880
2023$3,976
2024$3,154

What it includes

  • 8104 · Magnesium

Products in the same chapter

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.

See all products