ProceduresGovernment

Articles of Iron or Steel, Nes

Código 732620 (Harmonized System 2012 by 6 digits)

 2023: US$170M, Total Trade Exchange

2023: US$86.3M, International Sales

  2023: US$83.8M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Articles of Iron or Steel, Nes was US$170M.

In 2023, the states with the most international sales in Articles of Iron or Steel, Nes were Chihuahua (US$21.9M), Coahuila de Zaragoza (US$17.8M), Baja California (US$12.9M), Jalisco (US$8.87M), and Querétaro (US$8.07M).

The states with the most international purchases in 2023 were Ciudad de México (US$15.4M), Nuevo León (US$12.9M), Baja California (US$12M), Chihuahua (US$10.2M), and Coahuila de Zaragoza (US$7.71M).

In 2023, the main commercial destinations of Articles of Iron or Steel, Nes were United States (US$76.4M), Canada (US$3.48M), Guatemala (US$1.98M), Germany (US$1.27M), and Honduras (US$470k).

The main commercial origins of Articles of Iron or Steel, Nes in 2023 were United States (US$32.4M), China (US$24M), Germany (US$6.77M), India (US$4.22M), and Canada (US$2.54M).

In the global context, the main exporting countries of Articles of Iron or Steel, Nes in 2022 were China (US$1.63B), Germany (US$273M), and Czech Republic (US$270M). In the same year, the main importing countries of Articles of Iron or Steel, Nes were United States (US$607M), Germany (US$474M), and France (US$274M).

Trade Balance of Mexico

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Net Trade Balance

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US$170M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Articles of Iron or Steel, Nes in Mexico (including international purchases and sales) was US$170M.

The visualizations show the net balance of Articles of Iron or Steel, Nes 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$6.64M, International Purchases
  • US$7.17M, International Sales

In July 2024, international sales of Articles of Iron or Steel, Nes were US$7.17M, while international purchases reached US$6.64M. The above results in a trade balance of US$533k.

Market Concentration

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2024-Q3: US$7.04M, International Sales

The visualization shows the quarterly concentration of international sales of Articles of Iron or Steel, Nes at state level.

In the third quarter of 2024, international sales were US$7.04M, being the states with the most sales Chihuahua (US$2.04M), Coahuila de Zaragoza (US$1.59M), and Nuevo León (US$1.09M).

Exchange by Territory

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International Sales

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Chihuahua: US$21.9M, State with the Most International Sales (2023)

United States: US$76.4M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Articles of Iron or Steel, Nes were Chihuahua (US$21.9M), Coahuila de Zaragoza (US$17.8M), Baja California (US$12.9M), Jalisco (US$8.87M), and Querétaro (US$8.07M).

In 2023, the countries with the most international purchases from Mexico were United States (US$76.4M), Canada (US$3.48M), Guatemala (US$1.98M), Germany (US$1.27M), and Honduras (US$470k).

International Purchases

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Ciudad de México: US$15.4M, State with the Most International Purchases (2023)

United States: US$32.4M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Articles of Iron or Steel, Nes were Ciudad de México (US$15.4M), Nuevo León (US$12.9M), Baja California (US$12M), Chihuahua (US$10.2M), and Coahuila de Zaragoza (US$7.71M).

The countries with the most international sales to Mexico in 2023 were United States (US$32.4M), China (US$24M), Germany (US$6.77M), India (US$4.22M), and Canada (US$2.54M).

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, Nes  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, Nes. 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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  • 3.05%, Mexican share in global exports - 2022
  • 1.91%, Mexican share in global imports - 2022

The visualizations show the global market for Articles of Iron or Steel, Nes. 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, Nes were China (US$1.63B), Germany (US$273M), and Czech Republic (US$270M). In the same year, the main importing countries for Articles of Iron or Steel, Nes were United States (US$607M), Germany (US$474M), and France (US$274M).