Latest trade
$10.6BGlobal subsector valueHS4 subsector intelligence
Magnets
HS4 8505 trade overview
A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.
The numbers at a glanceLatest reported year · 2024
Annual change
-3%Latest year on yearExporters
183Active reporting countriesImporters
199Active reporting countriesHS6 products
4Classifications inside HS4The subsector read
$10.6B in trade, with -1.1% annualized growth over three years.
Magnets is recorded across 7,552 active corridors, with 183 exporters and 199 importers.
Annual trend
Subsector momentum over time
Reported global trade from 1995 to 2024. Read the methodology ↗
Top trade corridors
Where the subsector moves
Leading exporter-to-importer relationships by latest reported value. See data sources ↗
Latest reported relationshipsTop 10 by trade value
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | ChinaCHN | GermanyDEU | $635.1M | +5.8% | 4 | 8,415 km | No |
| 2 | ChinaCHN | Viet NamVNM | $496.9M | +2.3% | 4 | 2,732 km | Yes |
| 3 | ChinaCHN | USA, Puerto Rico and US Virgin IslandsUSA | $473.0M | -3.3% | 4 | 11,883 km | No |
| 4 | ChinaCHN | Republic of KoreaKOR | $370.0M | -0.1% | 4 | 867 km | Yes |
| 5 | ChinaCHN | MexicoMEX | $301.8M | +14.6% | 4 | 12,928 km | No |
| 6 | ChinaCHN | JapanJPN | $291.5M | -0% | 4 | 1,763 km | No |
| 7 | ChinaCHN | IndiaIND | $253.2M | +26.5% | 4 | 4,252 km | No |
| 8 | ChinaCHN | ThailandTHA | $175.8M | -3.3% | 4 | 2,887 km | Yes |
| 9 | JapanJPN | PhilippinesPHL | $174.1M | -13.2% | 4 | 2,990 km | Yes |
| 10 | Viet NamVNM | JapanJPN | $164.7M | +37.7% | 4 | 4,327 km | Yes |
Market structure
Where supply and demand concentrate
Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | ChinaCHN | $4.7B | 193 | 4 |
| 2 | GermanyDEU | $1.2B | 172 | 4 |
| 3 | JapanJPN | $874.0M | 143 | 4 |
| 4 | USA, Puerto Rico and US Virgin IslandsUSA | $441.1M | 157 | 4 |
| 5 | Viet NamVNM | $437.5M | 97 | 4 |
| 6 | FranceFRA | $271.8M | 162 | 4 |
| 7 | PhilippinesPHL | $251.7M | 76 | 4 |
| 8 | Republic of KoreaKOR | $228.2M | 128 | 4 |
| 9 | ItalyITA | $207.1M | 150 | 4 |
| 10 | Switzerland, LiechtensteinCHE | $154.9M | 139 | 4 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | GermanyDEU | $1.2B | 100 | 4 |
| 2 | USA, Puerto Rico and US Virgin IslandsUSA | $1.2B | 99 | 4 |
| 3 | JapanJPN | $732.4M | 58 | 4 |
| 4 | ChinaCHN | $669.4M | 78 | 4 |
| 5 | Viet NamVNM | $588.2M | 48 | 4 |
| 6 | MexicoMEX | $566.8M | 119 | 4 |
| 7 | Republic of KoreaKOR | $459.9M | 65 | 4 |
| 8 | PhilippinesPHL | $448.7M | 51 | 4 |
| 9 | IndiaIND | $372.4M | 62 | 4 |
| 10 | ThailandTHA | $363.9M | 61 | 4 |
HS6 product coverage
The products inside HS4 8505
Six-digit classifications make the subsector specific. Browse the product workspace ↗
5 classifications shownMagnets
Magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, of metalHS6 850511
Magnets: permanent magnets and articles intended to become permanent magnets after magnetisation, other than of metalHS6 850519
Magnets: electro-magnetic couplings, clutches and brakesHS6 850520
Magnets: electro-magnetic lifting headsHS6 850530
Magnets: electro-magnets, holding devices and parts n.e.c. in heading no. 8505HS6 850590
Definitions and coverage
Read the numbers with context
Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations.
Missing data
Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.
Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.