ProceduresGovernment

Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous)

Código 722850 (Harmonized System 2012 by 6 digits)

 2023: US$140M, Total Trade Exchange

2023: US$21.9M, International Sales

  2023: US$118M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) was US$140M.

In 2023, the states with the most international sales in Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) were Nuevo León (US$18.1M), Baja California (US$2.61M), Chihuahua (US$332k), Sonora (US$80.2k), and Tamaulipas (US$38.8k).

The states with the most international purchases in 2023 were Guanajuato (US$35.8M), Querétaro (US$21M), Nuevo León (US$19.4M), Coahuila de Zaragoza (US$12.2M), and San Luis Potosí (US$5.9M).

In 2023, the main commercial destinations of Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) were United States (US$20.9M), Canada (US$97.4k), Belize (US$86k), Nicaragua (US$37.5k), and Brazil (US$32.4k).

The main commercial origins of Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) in 2023 were United States (US$79.1M), China (US$10.4M), Brazil (US$6.09M), Japan (US$4.25M), and South Korea (US$2.61M).

In the global context, the main exporting countries of Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) in 2022 were Germany (US$616M), Italy (US$267M), and Austria (US$233M). In the same year, the main importing countries of Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) were Germany (US$491M), United States (US$293M), and France (US$191M).

Trade Balance of Mexico

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Net Trade Balance

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US$140M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) in Mexico (including international purchases and sales) was US$140M.

The visualizations show the net balance of Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) 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$9.38M, International Purchases
  • US$207k, International Sales

In July 2024, international sales of Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) were US$207k, while international purchases reached US$9.38M. The above results in a trade balance of -US$9.18M.

Market Concentration

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2024-Q3: US$153k, International Sales

The visualization shows the quarterly concentration of international sales of Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) at state level.

In the third quarter of 2024, international sales were US$153k, being the states with the most sales Baja California (US$153k).

Exchange by Territory

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International Sales

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Nuevo León: US$18.1M, State with the Most International Sales (2023)

United States: US$20.9M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) were Nuevo León (US$18.1M), Baja California (US$2.61M), Chihuahua (US$332k), Sonora (US$80.2k), and Tamaulipas (US$38.8k).

In 2023, the countries with the most international purchases from Mexico were United States (US$20.9M), Canada (US$97.4k), Belize (US$86k), Nicaragua (US$37.5k), and Brazil (US$32.4k).

International Purchases

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Guanajuato: US$35.8M, State with the Most International Purchases (2023)

United States: US$79.1M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) were Guanajuato (US$35.8M), Querétaro (US$21M), Nuevo León (US$19.4M), Coahuila de Zaragoza (US$12.2M), and San Luis Potosí (US$5.9M).

The countries with the most international sales to Mexico in 2023 were United States (US$79.1M), China (US$10.4M), Brazil (US$6.09M), Japan (US$4.25M), and South Korea (US$2.61M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous). 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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  • 0.3%, Mexican share in global exports - 2022
  • 4.21%, Mexican share in global imports - 2022

The visualizations show the global market for Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous). 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 Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) were Germany (US$616M), Italy (US$267M), and Austria (US$233M). In the same year, the main importing countries for Bars Alloy Steel, Stainless Steel Distinct, Simply Obtained or Cold Finished (Exc. Fast Steel or Silico Manganous) were Germany (US$491M), United States (US$293M), and France (US$191M).