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Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel)

Código 722990 (Harmonized System 2012 by 6 digits)

 2023: US$152M, Total Trade Exchange

2023: US$34.9M, International Sales

  2023: US$117M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) was US$152M.

In 2023, the states with the most international sales in Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) were Nuevo León (US$28.3M), Coahuila de Zaragoza (US$1.73M), Guanajuato (US$1.05M), Querétaro (US$529k), and Ciudad de México (US$128k).

The states with the most international purchases in 2023 were Coahuila de Zaragoza (US$23.1M), Guanajuato (US$20.6M), Querétaro (US$18.4M), Nuevo León (US$15.7M), and Aguascalientes (US$12.6M).

In 2023, the main commercial destinations of Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) were United States (US$30.3M), Brazil (US$523k), Canada (US$519k), Chile (US$140k), and Honduras (US$114k).

The main commercial origins of Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) in 2023 were United States (US$42.2M), South Korea (US$22.3M), Japan (US$18.9M), Germany (US$6.92M), and China (US$3.81M).

In the global context, the main exporting countries of Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) in 2022 were Japan (US$294M), Turkey (US$260M), and China (US$237M). In the same year, the main importing countries of Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) were Germany (US$308M), United States (US$214M), and Poland (US$172M).

Trade Balance of Mexico

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Net Trade Balance

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US$152M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) in Mexico (including international purchases and sales) was US$152M.

The visualizations show the net balance of Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) at the level of states and countries. Colors more similar to blue, indicate that the territory presented a higher level of international sales. Colors more similar to red, indicate that the territory presented a higher level of international purchases.

Net International Trade

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July, 2024

  • US$4.94M, International Purchases
  • US$1.61M, International Sales

In July 2024, international sales of Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) were US$1.61M, while international purchases reached US$4.94M. The above results in a trade balance of -US$3.33M.

Market Concentration

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2024-Q3: US$980k, International Sales

The visualization shows the quarterly concentration of international sales of Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) at state level.

In the third quarter of 2024, international sales were US$980k, being the states with the most sales Nuevo León (US$980k).

Exchange by Territory

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International Sales

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Nuevo León: US$28.3M, State with the Most International Sales (2023)

United States: US$30.3M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) were Nuevo León (US$28.3M), Coahuila de Zaragoza (US$1.73M), Guanajuato (US$1.05M), Querétaro (US$529k), and Ciudad de México (US$128k).

In 2023, the countries with the most international purchases from Mexico were United States (US$30.3M), Brazil (US$523k), Canada (US$519k), Chile (US$140k), and Honduras (US$114k).

International Purchases

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Coahuila de Zaragoza: US$23.1M, State with the Most International Purchases (2023)

United States: US$42.2M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) were Coahuila de Zaragoza (US$23.1M), Guanajuato (US$20.6M), Querétaro (US$18.4M), Nuevo León (US$15.7M), and Aguascalientes (US$12.6M).

The countries with the most international sales to Mexico in 2023 were United States (US$42.2M), South Korea (US$22.3M), Japan (US$18.9M), Germany (US$6.92M), and China (US$3.81M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel). On the other hand, high levels of complexity (ECI) are associated with higher levels of income, potential for economic growth, lower income inequality and lower emissions.

Origins and Trade Destinations

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  • 0.6%, Mexican share in global exports - 2022
  • 3.5%, Mexican share in global imports - 2022

The visualizations show the global market for Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel). In both charts, Mexico stands out in order to identify its participation in the export and import market.

In 2022, the main exporting countries of Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) were Japan (US$294M), Turkey (US$260M), and China (US$237M). In the same year, the main importing countries for Alloy Steel Wire, other than Stainless, Coiled (Exc. the Wire Rod and the Wire Speed Steel or of Silico-Manganese Steel) were Germany (US$308M), United States (US$214M), and Poland (US$172M).