# HS 850511 Permanent Magnets And Articles Inten global trade...

Reported global trade in permanent magnets and articles intended to become permanent magnets after magnetisation, of metal reached $5.0B in 2024, with five-year annual growth of +6.9%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $3.4B | -30.1% | +15.6% |
| 2014 | $3.3B | -2.4% | -8.8% |
| 2015 | $3.1B | -8.1% | -14.4% |
| 2016 | $3.0B | -2.2% | -4.3% |
| 2017 | $3.3B | +10.1% | -0.4% |
| 2018 | $3.7B | +11.2% | +6.2% |
| 2019 | $3.6B | -3.2% | +5.8% |
| 2020 | $3.4B | -4.6% | +0.9% |
| 2021 | $5.1B | +50.2% | +11.5% |
| 2022 | $6.7B | +31.3% | +23.4% |
| 2023 | $5.7B | -15.5% | +18.5% |
| 2024 | $5.0B | -11.9% | -0.8% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Germany | $648.8M | +7.7% | 85 |
| Japan | $515.0M | +10.3% | 43 |
| USA | $455.9M | +4.2% | 67 |
| Philippines | $360.2M | +3.5% | 35 |
| Viet Nam | $356.2M | +20.2% | 36 |
| Republic of Korea | $307.0M | +11.2% | 51 |
| Mexico | $279.5M | +15.9% | 112 |
| Thailand | $195.9M | +7.3% | 48 |
| India | $179.1M | +23.1% | 55 |
| China | $163.6M | -8% | 63 |
| Malaysia | $129.0M | +0.2% | 44 |
| Poland | $123.7M | +26% | 58 |

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