Bars and Rods of Stainless Steel
Código 7222 (Harmonized System 2012 by 4 digits)
2023: US$205M, Total Trade Exchange
2023: US$11.7M, International Sales
2023: US$194M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Bars and Rods of Stainless Steel was US$205M.
In 2023, the states with the most international sales in Bars and Rods of Stainless Steel were Baja California (US$1.77M), Sonora (US$933k), Nuevo León (US$364k), Chihuahua (US$300k), and Tamaulipas (US$210k).
The states with the most international purchases in 2023 were Nuevo León (US$45.7M), Ciudad de México (US$19.3M), Baja California (US$18.6M), Guanajuato (US$14.4M), and Querétaro (US$14.3M).
In the global context, the main exporting countries of Bars and Rods of Stainless Steel in 2022 were Italy (US$1.62B), India (US$1.33B), and Germany (US$970M). In the same year, the main importing countries of Bars and Rods of Stainless Steel were Germany (US$1.42B), United States (US$844M), and Italy (US$508M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$205M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Bars and Rods of Stainless Steel in Mexico (including international purchases and sales) was US$205M.
The visualizations show the net balance of Bars and Rods of Stainless 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$17.5M, International Purchases
- US$2.81M, International Sales
In July 2024, international sales of Bars and Rods of Stainless Steel were US$2.81M, while international purchases reached US$17.5M. The above results in a trade balance of -US$14.7M.
Market Concentration
#permalink to section2024-Q3: US$2M, International Sales
The visualization shows the quarterly concentration of international sales of Bars and Rods of Stainless Steel at state level.
In the third quarter of 2024, international sales were US$2M, being the states with the most sales Sonora (US$1.18M), Nuevo León (US$700k), and Baja California (US$101k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Bars and Rods of Stainless Steel 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 Stainless 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- 0.04%, Mexican share in global exports - 2022
- N/A%, Mexican share in global imports - 2022
The visualizations show the global market for Bars and Rods of Stainless 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 Bars and Rods of Stainless Steel were Italy (US$1.62B), India (US$1.33B), and Germany (US$970M). In the same year, the main importing countries for Bars and Rods of Stainless Steel were Germany (US$1.42B), United States (US$844M), and Italy (US$508M).