ProceduresGovernment

Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills)

Código 732619 (Harmonized System 2012 by 6 digits)

 2023: US$769M, Total Trade Exchange

2023: US$396M, International Sales

  2023: US$373M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) was US$769M.

In 2023, the states with the most international sales in Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) were Nuevo León (US$363M), Estado de México (US$12.9M), Baja California (US$5.54M), Chihuahua (US$4.19M), and Puebla (US$2.4M).

The states with the most international purchases in 2023 were Nuevo León (US$78.9M), Jalisco (US$36.5M), Ciudad de México (US$35.3M), Tamaulipas (US$30.2M), and Baja California (US$29.6M).

In 2023, the main commercial destinations of Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) were United States (US$351M), Canada (US$23.8M), Hungary (US$3.62M), Malaysia (US$2.58M), and Guyana (US$2.2M).

The main commercial origins of Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) in 2023 were United States (US$165M), China (US$56M), Germany (US$29.2M), Canada (US$28.5M), and Japan (US$23.6M).

In the global context, the main exporting countries of Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) in 2022 were China (US$987M), Italy (US$595M), and United States (US$395M). In the same year, the main importing countries of Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) were United States (US$802M), Germany (US$505M), and Mexico (US$319M).

Trade Balance of Mexico

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Net Trade Balance

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US$769M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) in Mexico (including international purchases and sales) was US$769M.

The visualizations show the net balance of Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) 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$31.8M, International Purchases
  • US$13.4M, International Sales

In July 2024, international sales of Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) were US$13.4M, while international purchases reached US$31.8M. The above results in a trade balance of -US$18.4M.

Market Concentration

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2024-Q3: US$13.4M, International Sales

The visualization shows the quarterly concentration of international sales of Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) at state level.

In the third quarter of 2024, international sales were US$13.4M, being the states with the most sales Nuevo León (US$10.7M), Estado de México (US$769k), and Baja California (US$687k).

Exchange by Territory

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International Sales

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Nuevo León: US$363M, State with the Most International Sales (2023)

United States: US$351M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) were Nuevo León (US$363M), Estado de México (US$12.9M), Baja California (US$5.54M), Chihuahua (US$4.19M), and Puebla (US$2.4M).

In 2023, the countries with the most international purchases from Mexico were United States (US$351M), Canada (US$23.8M), Hungary (US$3.62M), Malaysia (US$2.58M), and Guyana (US$2.2M).

International Purchases

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Nuevo León: US$78.9M, State with the Most International Purchases (2023)

United States: US$165M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) were Nuevo León (US$78.9M), Jalisco (US$36.5M), Ciudad de México (US$35.3M), Tamaulipas (US$30.2M), and Baja California (US$29.6M).

The countries with the most international sales to Mexico in 2023 were United States (US$165M), China (US$56M), Germany (US$29.2M), Canada (US$28.5M), and Japan (US$23.6M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills)  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, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills). 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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  • 7.52%, Mexican share in global exports - 2022
  • 6.63%, Mexican share in global imports - 2022

The visualizations show the global market for Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills). 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, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) were China (US$987M), Italy (US$595M), and United States (US$395M). In the same year, the main importing countries for Articles of Iron or Steel, Forged or Stamped, but not otherwise Worked (Exc. Balls and Similar Articles. for Mills) were United States (US$802M), Germany (US$505M), and Mexico (US$319M).