Articles of Iron or Steel
Code 73 (Harmonized System 2012 by 2 digits)
2023: US$22.9B, Total Trade Exchange
2023: US$9.83B, International Sales
2023: US$13B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Articles of Iron or Steel was US$22.9B.
In 2023, the states with the most international sales in Articles of Iron or Steel were Nuevo León (US$2.71B), Veracruz de Ignacio de la Llave (US$1.57B), Coahuila de Zaragoza (US$1.29B), Ciudad de México (US$698M), and Tamaulipas (US$649M).
The states with the most international purchases in 2023 were Ciudad de México (US$2.43B), Nuevo León (US$1.91B), Baja California (US$1.24B), Chihuahua (US$1.09B), and Coahuila de Zaragoza (US$985M).
In 2023, the main commercial destinations of Articles of Iron or Steel were United States (US$8.11B), Canada (US$267M), Panama (US$184M), Saudi Arabia (US$100M), and Brazil (US$97.5M).
The main commercial origins of Articles of Iron or Steel in 2023 were United States (US$5.87B), China (US$2.25B), Germany (US$1.34B), Taiwan (Republic of China) (US$578M), and Japan (US$545M).
In the global context, the main exporting countries of Articles of Iron or Steel in 2022 were China (US$109B), Germany (US$33.5B), and United States (US$22B). In the same year, the main importing countries of Articles of Iron or Steel were United States (US$59.9B), Germany (US$31.1B), and France (US$15.7B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$22.9B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Articles of Iron or Steel in Mexico (including international purchases and sales) was US$22.9B.
The visualizations show the net balance of Articles of Iron or 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
#permalink to sectionJuly, 2024
- US$775M, International Sales
- US$940M, International Purchases
In July 2024, international sales of Articles of Iron or Steel were US$775M and a total of US$940M in international purchases. For this month the net trade balance of Articles of Iron or Steel it was of -US$165M.
Market Concentration
#permalink to section2024-Q3: US$774M, International Sales
The visualization shows the quarterly concentration of international sales of Articles of Iron or Steel at state level.
In the third quarter of 2024, international sales were US$774M, being the states with the most sales Nuevo León (US$189M), Coahuila de Zaragoza (US$124M), and Veracruz de Ignacio de la Llave (US$110M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$2.71B, State with the Most International Sales (2023)
United States: US$8.11B, Main commercial destination (2023)
In 2023, the states with the highest international sales in Articles of Iron or Steel were Nuevo León (US$2.71B), Veracruz de Ignacio de la Llave (US$1.57B), Coahuila de Zaragoza (US$1.29B), Ciudad de México (US$698M), and Tamaulipas (US$649M).
In 2023, the countries with the most international purchases from Mexico were United States (US$8.11B), Canada (US$267M), Panama (US$184M), Saudi Arabia (US$100M), and Brazil (US$97.5M).
International Purchases
#permalink to sectionCiudad de México: US$2.43B, State with the Most International Purchases (2023)
United States: US$5.87B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Articles of Iron or Steel were Ciudad de México (US$2.43B), Nuevo León (US$1.91B), Baja California (US$1.24B), Chihuahua (US$1.09B), and Coahuila de Zaragoza (US$985M).
The countries with the most international sales to Mexico in 2023 were United States (US$5.87B), China (US$2.25B), Germany (US$1.34B), Taiwan (Republic of China) (US$578M), and Japan (US$545M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Articles of Iron or Steel and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Articles of Iron or 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 2.37%, Mexican share in global exports - 2022
- 3.18%, Mexican share in global imports - 2022
The visualizations show the global market for Articles of Iron or 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 Articles of Iron or Steel were China (US$109B), Germany (US$33.5B), and United States (US$22B). In the same year, the main importing countries for Articles of Iron or Steel were United States (US$59.9B), Germany (US$31.1B), and France (US$15.7B).