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2022
Exports $35.4MWorld Rnk 17 / 116
Flag Rnk 565 / 1210
2022
Destination $5.07M United States
2021 - 2022
FASTEST GROWING MARKET $5.07MFinland
2022
PRODUCT COMPLEXITY IN Magnesium Carbonate-0.46Rnk 685 / 1025
2022
Imports $20.7MWorld Rnk 28 / 172
Flag Rnk 860 / 1213
2022
Origin $1.68M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.68MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $35.4M in Magnesium Carbonate, making it the 17th largest exporter of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 565th most exported product in Canada. The main destination of Magnesium Carbonate exports from Canada are: United States ($28.3M), Finland ($5.07M), Ireland ($572k), Qatar ($302k), and Chinese Taipei ($265k).

The fastest growing export markets for Magnesium Carbonate of Canada between 2021 and 2022 were Finland ($5.07M), United States ($4.87M), and Qatar ($302k).

Imports In 2022, Canada imported $20.7M in Magnesium Carbonate, becoming the 28th largest importer of Magnesium Carbonate in the world. At the same year, Magnesium Carbonate was the 860th most imported product in Canada. Canada imports Magnesium Carbonate primarily from: United States ($8.9M), Spain ($3.01M), China ($2.44M), Turkey ($2.08M), and Japan ($1.29M).

The fastest growing import markets in Magnesium Carbonate for Canada between 2021 and 2022 were United States ($1.68M), Spain ($1.06M), and Turkey ($1.01M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Magnesium Carbonate exports accounted up to C$2.42M and imports accounted up to C$1.96M, resulting in a positive trade balance of C$459k. Between August 2023 and August 2024 the exports of Canada's   Magnesium Carbonate have decreased by C$-110k (-4.34%) from C$2.53M to C$2.42M, while imports decreased by C$-421k (-17.7%) from C$2.38M to C$1.96M.

Destinations In August 2024, Magnesium Carbonate were exported mostly to United States (C$2.35M), Spain (C$25.7k), Chinese Taipei (C$24.8k), and China (C$24.4k), and were imported mostly from Israel (C$681k), United States (C$385k), China (C$274k), Japan (C$154k), and Mexico (C$153k).

Growth In August 2024, the decrease in Magnesium Carbonate's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the decrease in Magnesium Carbonate's year-by-year imports was explained primarily by a decrease in imports from Israel (C$-305k or -97.4%) and China (C$-182k or -41.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-110k(-4.34%)
IMPORT GROWTH (August 2023 - August 2024)C$-421k(-17.7%)
MAIN EXPORTER (August 2024)AlbertaC$2.65M
MAIN DESTINATION (August 2024)United StatesC$2.35M

This section shows Magnesium Carbonate's exports and imports data at subnational level for Canada. 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
EXPORTS (2022)$35.4M
IMPORTS (2022)$20.7M
NET TRADE (2022)$14.7M

In 2022, Canada exported $35.4M in Magnesium Carbonate. The main destinations of Canada exports on Magnesium Carbonate were United States ($28.3M), Finland ($5.07M), Ireland ($572k), Qatar ($302k), and Chinese Taipei ($265k).

In 2022, Canada imported $20.7M in Magnesium Carbonate, mainly from United States ($8.9M), Spain ($3.01M), China ($2.44M), Turkey ($2.08M), and Japan ($1.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium Carbonate EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Finland$5.07M (5.89M%)
United States$4.87M (20.8%)
Qatar$302k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Carbonate BY Canada WERE (2021 - 2022):
Ireland-$178k (-23.8%)
Saudi Arabia-$35.8k (-100%)
Chinese Taipei-$31.8k (-10.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Magnesium Carbonate were:
China $1.24B
United States $185M
Netherlands $119M
In 2022, Canada's main importing competitors in Magnesium Carbonate were:
United States $334M
Germany $230M
Democratic Republic of the Congo $214M

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Trade Value of Magnesium Carbonate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.56M
TOP IMPORT POTENTIALChina+ $1.99M

Magnesium Carbonate’s highest export potential is United States. With an export gap of $6.56M.   Magnesium Carbonate’s highest import potential is China with an import gap of $1.99M.

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