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Top Magnets & Electromagnets Exports by Country

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International sales of magnets including electromagnets exported from all countries totaled US$10.68 billion in 2025.

That dollar amount results from an average -2.8% decrease for all exporters of electromagnets over the 5-year period starting in 2021. Back then, exports classified as permanent magnets or electromagnets were worth a total $11 billion.

Year over year, the value of globally exported magnets including electromagnets flatlined via an average -0.6% slowdown compared to $10.74 billion for 2024.

Common uses for permanent magnets are the magnetic strips on debit or credit cards, compasses, magnetic clasps on jewelry, refrigerator magnets or in devices used to pick up small items such as nails, tacks, staples and paper clips.

Unlike permanent magnets, the power of an electromagnet depends on the amount of electricity conducted. Electromagnets are manufactured in a wide range of sizes and magnetic field intensities to suit their final applications.

Electromagnets are essential components of electrical devices such as motors, generators, speakers, hard disks, scientific instruments, transformers, battery chargers and sensors.

One example of an industrial application for electromagnets is equipment used in scrap yards for picking up heavy objects made from iron or steel.

Exports by Type of Magnet

Permanent magnets attracted 58.7% of international sales for exported magnets including electromagnets in 2025. That percentage lags the 60.2% for 2024.

Electromagnets and electromagnetic lifting heads and parts, excluding those for medical applications, generated 31.5% of overall sales (up from 30.5%).

Electromagnetic couplings, clutches and brakes accounted for the remaining 9.8% of exported magnetic revenues (up from 9.3%).

For research purposes, the 4-digit Harmonized Tariff System code prefix is 8505 encompassing electromagnets excluding those used for medical purposes, permanent magnets, magnetic holding devices, and electromagnetic couplings, clutches and brakes.

Key Geographic Insights about Magnets Exports

By value, the world’s 5 most lucrative exporters of magnets including electromagnets are mainland China, Germany, Japan, United States of America and Vietnam. Added together, those 5 leading suppliers exceeded two-thirds (69.3%) of the overall dollar spend on magnets of all types during 2025.

Among continents, electromagnets suppliers located in Asia exported the highest dollar worth of permanent magnets and electromagnets during 2025 with shipments valued at $6.74 billion or 63.2% of the worldwide total. In second place were magnets-related exporters in Europe at 29.6%, trailed by international suppliers in North America at 6.2%.

Tinier percentages originated from Oceania (0.8%) led by New Zealand and Australia, Africa (0.2%) then Latin America (0.1%) excluding Mexico but including the Caribbean.

Top Magnets Exporters by Country

Below are the 25 countries that exported the highest dollar value worth of magnets including electromagnets during 2025.

mainland China: US$4.3 billion (40.1% of magnets-related exports)
Germany: $1.3 billion (11.7%)
Japan: $896.9 million (8.4%)
United States: $523 million (4.9%)
Vietnam: $449.8 million (4.2%)
France: $340.7 million (3.2%)
South Korea: $249.3 million (2.3%)
Italy: $212.7 million (2%)
Switzerland: $198.4 million (1.9%)
United Kingdom: $187.6 million (1.8%)
Hong Kong: $178.2 million (1.7%)
Netherlands: $137.7 million (1.3%)
Thailand: $134.2 million (1.3%)
Malaysia: $129.9 million (1.2%)
Poland: $118.1 million (1.1%)
Czech Republic: $108.8 million (1%)
Philippines: $108.7 million (1%)
Mexico: $102.1 million (1%)
Taiwan: $97.7 million (0.9%)
Romania: $95.2 million (0.9%)
Austria: $91.8 million (0.9%)
New Zealand: $72.3 million (0.7%)
Belgium: $68.9 million (0.6%)
Spain: $65.8 million (0.6%)
India: $60.1 million (0.6%)

By value, the listed 25 countries shipped 95.6% of globally exported magnets including electromagnets in 2025.

Among the top exporters, the fastest-growing exporters of magnets-related since 2024 were: Thailand (up 27.3%), Vietnam (up 22.9%), France (up 17.2%) and the United Kingdom (up 13.7%).

Listed suppliers that posted year-over-year declines in their international sales of magnets-related were led by: Philippines (down -28.1%), New Zealand (down -14.6%), Austria (down -10.1%), mainland China (down -5.5%), Spain (down -4.9%) and Mexico (down -4.2%).

Countries Generating Greatest Surpluses from Global Magnets Trade

The following countries posted the highest positive net exports for permanent magnets plus electromagnets during 2025. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported magnets and its import purchases for that same commodity.

mainland China: US$3.6 billion (net export surplus down -5.2% since 2024)
New Zealand: $64 million (down -15.8%)
Hong Kong: $36.4 million (down -3.9%)
Switzerland: $30.3 million (up 78.9%)
Israel: $6.9 million (reversing a -$10.2 million deficit)
United Kingdom: $6.8 million (down -8.6%)
Finland: $5.3 million (reversing a -$1.2 million deficit)
Ireland: $4.4 million (up 384.8%)

World-leading magnet supplier mainland China’s scored the highest surplus in the international trade of magnets in 2025. In turn, this positive cashflow confirms the strong Chinese competitive advantage for this specific product category.

Countries Incurring Worst Deficits from Global Magnets Trade

The following countries posted the highest negative net exports for permanent magnets plus electromagnets during 2025. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported magnets purchases and its exports for that same commodity.

Mexico: -US$625.5 million (net export deficit up 25% since 2024)
United States: -$585.8 million (down -4.7%)
India: -$384.2 million (up 13.8%)
Philippines: -$337.9 million (up 25.1%)
Thailand: -$268.9 million (up 2.2%)
South Korea: -$221.7 million (down -6.8%)
Vietnam: -$209 million (up 1.1%)
Hungary: -$203 million (down -4.5%)
Canada: -$146.4 million (up 33.4%)
Poland: -$135 million (down -16.8%)
Malaysia: -$127.8 million (up 96.6%)
Germany: -$109.5 million (reversing a $57.9 million deficit)
Czech Republic: -$101.6 million (down -11%)
Brazil: -$95.6 million (up 2.9%)
Türkiye: -$82 million (up 27.6%)

The United States of America incurred the highest deficit in the international trade of magnets during 2025. In turn, this negative cashflow highlights America’s competitive disadvantage for this specific product category but also signals opportunities for magnets-supplying countries that help satisfy the powerful demand.

Supplying Companies for Magnets

Below are 10 selected examples of suppliers of permanent magnets, electromagnets or both. They are established players engaged in the international trade of magnets.

The home country for each company’s headquarters, either the United States of America or mainland China, is shown within parenthesis.