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2022
Exports $58.1MWorld Rnk 1 / 79
Flag Rnk 934 / 1216
2022
Destination $2.33M Japan
2021 - 2022
FASTEST GROWING MARKET $2.33MSweden
2022
Imports $29.1MWorld Rnk 2 / 156
Flag Rnk 869 / 1212
2022
Origin $3.96M Russia
2021 - 2022
FASTEST GROWING ORIGIN $3.96MRussia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $58.1M in Magnesium Hydroxide and Peroxide, making it the 1st largest exporter of Magnesium Hydroxide and Peroxide in the world. At the same year, Magnesium Hydroxide and Peroxide was the 934th most exported product in China. The main destination of Magnesium Hydroxide and Peroxide exports from China are: Japan ($14.7M), South Korea ($7.91M), United States ($7.29M), Germany ($2.87M), and Sweden ($2.81M).

The fastest growing export markets for Magnesium Hydroxide and Peroxide of China between 2021 and 2022 were Sweden ($2.33M), Germany ($2.01M), and United States ($1.77M).

Imports In 2022, China imported $29.1M in Magnesium Hydroxide and Peroxide, becoming the 2nd largest importer of Magnesium Hydroxide and Peroxide in the world. At the same year, Magnesium Hydroxide and Peroxide was the 869th most imported product in China. China imports Magnesium Hydroxide and Peroxide primarily from: Russia ($19.5M), Japan ($3.14M), Germany ($2.47M), Netherlands ($1.75M), and Mexico ($692k).

The fastest growing import markets in Magnesium Hydroxide and Peroxide for China between 2021 and 2022 were Russia ($3.96M), Japan ($661k), and Mexico ($616k).

COMPANIES In 2023, leading companies such as Robert Bosch (3), Walgreens (1), and ZF Friedrichshafen (1) were at the forefront of shipping Magnesium Hydroxide and Peroxide from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Magnesium Hydroxide and Peroxide exports accounted up to $4.71M and imports accounted up to $1.62M, resulting in a positive trade balance of $3.09M. Between July 2023 and July 2024 the exports of China's   Magnesium Hydroxide and Peroxide have increased by $1.56M (49.5%) from $3.15M to $4.71M, while imports decreased by $-876k (-35%) from $2.5M to $1.62M.

Destinations In July 2024, Magnesium Hydroxide and Peroxide were exported mostly to South Korea ($1.09M), Japan ($930k), United States ($497k), Sweden ($265k), and United Kingdom ($262k), and were imported mostly from Russia ($1.22M), Netherlands ($211k), Japan ($90.1k), Austria ($61.2k), and Israel ($14.1k).

Growth In July 2024, the increase in Magnesium Hydroxide and Peroxide's year-by-year exports was explained primarily by an increase in exports to Sweden ($291k or 648%), United Arab Emirates ($263k or 743%), and South Korea ($215k or 34.1%). In July 2024, the decrease in Magnesium Hydroxide and Peroxide's year-by-year imports was explained primarily by a decrease in imports from Russia ($-1.11M or -88.4%), Japan ($-74.2k or -62%), and United States ($-43.3k or -90.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.56M(49.5%)
IMPORT GROWTH (July 2023 - July 2024)$-876k(-35%)
MAIN EXPORTER (July 2024)Shandong Province$2.25M
MAIN DESTINATION (July 2024)South Korea$1.09M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$58.1M
IMPORTS (2022)$29.1M
NET TRADE (2022)$29M

In 2022, China exported $58.1M in Magnesium Hydroxide and Peroxide. The main destinations of China exports on Magnesium Hydroxide and Peroxide were Japan ($14.7M), South Korea ($7.91M), United States ($7.29M), Germany ($2.87M), and Sweden ($2.81M).

In 2022, China imported $29.1M in Magnesium Hydroxide and Peroxide, mainly from Russia ($19.5M), Japan ($3.14M), Germany ($2.47M), Netherlands ($1.75M), and Mexico ($692k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium Hydroxide and Peroxide EXPORT MARKETS FOR China WERE (2021 - 2022):
Sweden$2.33M (485%)
Germany$2.01M (235%)
United States$1.77M (32%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium Hydroxide and Peroxide BY China WERE (2021 - 2022):
South Korea-$2.37M (-23.1%)
Cambodia-$1.02M (-57.7%)
Chinese Taipei-$725k (-33.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Magnesium Hydroxide and Peroxide were:
Russia $49.1M
Netherlands $35.4M
In 2022, China's main importing competitors in Magnesium Hydroxide and Peroxide were:
United States $33.1M
South Korea $25.2M

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Trade Value of Magnesium Hydroxide and Peroxide by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $804k
TOP IMPORT POTENTIALJapan+ $726k

Magnesium Hydroxide and Peroxide’s highest export potential is India. With an export gap of $804k.   Magnesium Hydroxide and Peroxide’s highest import potential is Japan with an import gap of $726k.

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