Magnesium HS Code Analysis (2026)
India exports Magnesium under 69 distinct HS code classifications, representing a total trade value of $366.2M across 8,765 shipments. The dominant classification is HS 30049039 (Other anti-infective/anti-parasitic medicaments (retail)), accounting for 56.3% of all Magnesium trade at $206.1M. HS 30049034 (Other medicaments of mixed or unmixed products (retail)) follows at 22.2% ($81.2M). The top 5 HS codes together account for 97.3% of total Magnesium trade from India. The average transaction value is $41784. Key importing markets include United States, Belgium, Canada. Leading exporters include SUN PHARMACEUTICAL INDUSTRIES LIMITED and SUN PHARMACEUTICAL INDUSTRIES LIMITED . Data sourced from Indian Customs (DGFT) shipping bill records.
