Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy
Código 7228 (Harmonized System 2012 by 4 digits)
2023: US$906M, Total Trade Exchange
2023: US$49.4M, International Sales
2023: US$857M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy was US$906M.
In 2023, the states with the most international sales in Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy were Nuevo León (US$38.3M), Baja California (US$2.92M), Jalisco (US$2.41M), Tamaulipas (US$1.88M), and Querétaro (US$1.33M).
The states with the most international purchases in 2023 were Coahuila de Zaragoza (US$251M), Nuevo León (US$119M), Guanajuato (US$102M), Querétaro (US$92.7M), and Jalisco (US$79.8M).
In 2023, the main commercial destinations of Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy were United States (US$39.2M), Guatemala (US$7.67M), Canada (US$864k), Germany (US$364k), and Belize (US$155k).
The main commercial origins of Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy in 2023 were United States (US$372M), Canada (US$159M), China (US$91.5M), Germany (US$52M), and Japan (US$41.9M).
In the global context, the main exporting countries of Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy in 2022 were China (US$3.16B), Germany (US$1.84B), and Japan (US$1.11B). In the same year, the main importing countries of Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy were Germany (US$1.75B), United States (US$1.13B), and Mexico (US$844M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$906M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy in Mexico (including international purchases and sales) was US$906M.
The visualizations show the net balance of Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy 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$70.5M, International Purchases
- US$2.48M, International Sales
In July 2024, international sales of Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy were US$2.48M, while international purchases reached US$70.5M. The above results in a trade balance of -US$68M.
Market Concentration
#permalink to section2024-Q3: US$2.45M, International Sales
The visualization shows the quarterly concentration of international sales of Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy at state level.
In the third quarter of 2024, international sales were US$2.45M, being the states with the most sales Nuevo León (US$1.53M), Sonora (US$589k), and Baja California (US$196k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$38.3M, State with the Most International Sales (2023)
United States: US$39.2M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy were Nuevo León (US$38.3M), Baja California (US$2.92M), Jalisco (US$2.41M), Tamaulipas (US$1.88M), and Querétaro (US$1.33M).
In 2023, the countries with the most international purchases from Mexico were United States (US$39.2M), Guatemala (US$7.67M), Canada (US$864k), Germany (US$364k), and Belize (US$155k).
International Purchases
#permalink to sectionCoahuila de Zaragoza: US$251M, State with the Most International Purchases (2023)
United States: US$372M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy were Coahuila de Zaragoza (US$251M), Nuevo León (US$119M), Guanajuato (US$102M), Querétaro (US$92.7M), and Jalisco (US$79.8M).
The countries with the most international sales to Mexico in 2023 were United States (US$372M), Canada (US$159M), China (US$91.5M), Germany (US$52M), and Japan (US$41.9M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy. 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- 0.51%, Mexican share in global exports - 2022
- 5.29%, Mexican share in global imports - 2022
The visualizations show the global market for Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy. 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 and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy were China (US$3.16B), Germany (US$1.84B), and Japan (US$1.11B). In the same year, the main importing countries for Bars and Rods of other Alloy Steel; Hollow Drill Rods, of Alloy or Non-Alloy were Germany (US$1.75B), United States (US$1.13B), and Mexico (US$844M).