# HS 283321 Of Magnesium global trade data overview | Yugalinks

Reported global trade in of magnesium reached $353.2M in 2024, with five-year annual growth of +3.2%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $222.3M | +3.9% | +6.4% |
| 2014 | $242.9M | +9.2% | +3.6% |
| 2015 | $249.5M | +2.7% | +5.2% |
| 2016 | $242.7M | -2.7% | +3% |
| 2017 | $288.2M | +18.7% | +5.9% |
| 2018 | $329.6M | +14.4% | +9.7% |
| 2019 | $301.7M | -8.4% | +7.5% |
| 2020 | $321.0M | +6.4% | +3.7% |
| 2021 | $404.8M | +26.1% | +7.1% |
| 2022 | $478.5M | +18.2% | +16.6% |
| 2023 | $333.4M | -30.3% | +1.3% |
| 2024 | $353.2M | +5.9% | -4.4% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $27.0M | +8.1% | 26 |
| Malaysia | $16.2M | -2% | 21 |
| Finland | $16.1M | -1.7% | 26 |
| Ukraine | $13.2M | +9.5% | 13 |
| Poland | $12.2M | +10.3% | 22 |
| Netherlands | $11.7M | -5.1% | 35 |
| France | $11.6M | +0.1% | 30 |
| Canada | $10.3M | +2.6% | 20 |
| Indonesia | $10.0M | -6.9% | 14 |
| Morocco | $10.0M | +17.7% | 17 |
| United Kingdom | $9.2M | -2.6% | 21 |
| Mexico | $9.1M | +7% | 24 |

_Source: reported merchandise trade data. Updated 2026-08-14._