Magnesium in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $6.16M in Magnesium, making it the 36th largest exporter of Magnesium in the world. At the same year, Magnesium was the 673rd most exported product in Brazil. The main destination of Magnesium exports from Brazil are: United States ($4.5M), Croatia ($398k), France ($265k), Slovenia ($262k), and Netherlands ($218k).

The fastest growing export markets for Magnesium of Brazil between 2021 and 2022 were France ($265k), Slovenia ($262k), and Switzerland ($183k).

Imports In 2022, Brazil imported $76.4M in Magnesium, becoming the 15th largest importer of Magnesium in the world. At the same year, Magnesium was the 374th most imported product in Brazil. Brazil imports Magnesium primarily from: China ($42.9M), Israel ($7.17M), India ($2.9M), Netherlands ($2.72M), and United Arab Emirates ($2.42M).

The fastest growing import markets in Magnesium for Brazil between 2021 and 2022 were China ($41.2M), India ($2.62M), and Netherlands ($2.4M).

Latest Trends

March 2024

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Overview In March 2024 Brazil's Magnesium exports accounted up to $285k and imports accounted up to $3.3M, resulting in a negative trade balance of $3.01M. Between March 2023 and March 2024 the exports of Brazil's Magnesium have decreased by $-228k (-44.5%) from $513k to $285k, while imports decreased by $-347k (-9.53%) from $3.65M to $3.3M.

Destinations In March 2024, Magnesium were exported mostly to United States ($285k), and were imported mostly from Israel ($1.47M), Czechia ($313k), India ($300k), China ($285k), and Mexico ($247k).

Growth In March 2024, the decrease in Magnesium's year-by-year exports was explained primarily by a decrease in exports to . In March 2024, the decrease in Magnesium's year-by-year imports was explained primarily by a decrease in imports from India ($-63.1k or -35.7%) and Germany ($-28.8k or -27.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-228k(-44.5%)

IMPORT GROWTH (March 2023 - March 2024)$-347k(-9.53%)

MAIN EXPORTER (March 2024)Minas Gerais$1.62M

MAIN DESTINATION (March 2024)United States$285k

This section shows Magnesium's exports and imports data at subnational level for Brazil. 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 over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$6.16M

IMPORTS (2022)$76.4M

NET TRADE (2022)-$70.2M

In 2022, Brazil exported $6.16M in Magnesium. The main destinations of Brazil exports on Magnesium were United States ($4.5M), Croatia ($398k), France ($265k), Slovenia ($262k), and Netherlands ($218k).

In 2022, Brazil imported $76.4M in Magnesium, mainly from China ($42.9M), Israel ($7.17M), India ($2.9M), Netherlands ($2.72M), and United Arab Emirates ($2.42M).

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