Magnesium Carbonate in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $185M in Magnesium Carbonate, making it the 2nd largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 607th most exported product in United States. The main destination of Magnesium Carbonate exports from United States are: Democratic Republic of the Congo ($87.1M), Mauritius ($52.7M), Namibia ($9.42M), Canada ($8.9M), and Mexico ($3.05M).

The fastest growing export markets for Magnesium Carbonate of United States between 2021 and 2022 were Democratic Republic of the Congo ($25.7M), Mauritius ($13.7M), and Canada ($1.68M).

Imports In 2022, United States imported $334M in Magnesium Carbonate, becoming the 1st largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 654th most imported product in United States. United States imports Magnesium Carbonate primarily from: China ($197M), Hong Kong ($29.3M), Canada ($28.3M), Israel ($22.6M), and Brazil ($19.4M).

The fastest growing import markets in Magnesium Carbonate for United States between 2021 and 2022 were China ($48M), Hong Kong ($8.68M), and Canada ($4.87M).

COMPANIES In 2023, leading companies such as RHI US LTD (18) were at the forefront of shipping Magnesium Carbonate to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Magnesium Carbonate exports accounted up to $3.23M and imports accounted up to $11.9M, resulting in a negative trade balance of $8.65M. Between January 2023 and January 2024 the exports of United States' Magnesium Carbonate have decreased by $-3.68M (-53.3%) from $6.91M to $3.23M, while imports decreased by $-26.2M (-68.8%) from $38.1M to $11.9M.

Destinations In January 2024, Magnesium Carbonate were exported mostly to Canada ($1.11M), Mexico ($360k), Netherlands ($227k), India ($172k), and Turkey ($163k), and were imported mostly from China ($5.38M), Canada ($2.29M), Mexico ($1.39M), Japan ($800k), and Spain ($660k).

Growth In January 2024, the decrease in Magnesium Carbonate's year-by-year exports was explained primarily by a decrease in exports to Mauritius ($-763k or -16.9%), China ($-112k or -29.7%), and Canada ($-61.9k or -6.23%). In January 2024, the decrease in Magnesium Carbonate's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-930k or -73.1%), Israel ($-525k or -23.5%), and Brazil ($-357k or -7.68%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-3.68M(-53.3%)

IMPORT GROWTH (January 2023 - January 2024)$-26.2M(-68.8%)

MAIN EXPORTER (January 2024)Michigan$1.11M

MAIN DESTINATION (January 2024)Canada$1.11M

This section shows Magnesium Carbonate's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Magnesium Carbonate over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$185M

IMPORTS (2022)$334M

NET TRADE (2022)-$149M

In 2022, United States exported $185M in Magnesium Carbonate. The main destinations of United States exports on Magnesium Carbonate were Democratic Republic of the Congo ($87.1M), Mauritius ($52.7M), Namibia ($9.42M), Canada ($8.9M), and Mexico ($3.05M).

In 2022, United States imported $334M in Magnesium Carbonate, mainly from China ($197M), Hong Kong ($29.3M), Canada ($28.3M), Israel ($22.6M), and Brazil ($19.4M).

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