ProceduresGovernment

Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C

Código 721590 (Harmonized System 2012 by 6 digits)

 2023: US$17.8M, Total Trade Exchange

2023: US$3.39M, International Sales

  2023: US$14.4M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C was US$17.8M.

In 2023, the states with the most international sales in Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C were Nuevo León (US$3.29M), Sonora (US$52.3k), Baja California (US$30.6k), and Tamaulipas (US$605).

The states with the most international purchases in 2023 were Nuevo León (US$5.44M), Baja California (US$2.67M), Tamaulipas (US$2.27M), Jalisco (US$1.53M), and Guanajuato (US$1.1M).

In 2023, the main commercial destinations of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C were United States (US$3.35M), Panama (US$18.2k), Canada (US$9), and United Arab Emirates (US$3).

The main commercial origins of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C in 2023 were United States (US$10.8M), Romania (US$1.41M), India (US$813k), China (US$465k), and Germany (US$413k).

In the global context, the main exporting countries of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C in 2022 were India (US$133M), Romania (US$112M), and France (US$87.4M). In the same year, the main importing countries of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C were Singapore (US$153M), Germany (US$104M), and Canada (US$45.3M).

Trade Balance of Mexico

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Net Trade Balance

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US$17.8M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C in Mexico (including international purchases and sales) was US$17.8M.

The visualizations show the net balance of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C 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 Trade Balance by State

Net Trade Balance of Mexico and the World (2023)

Net International Trade

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November, 2024

  • US$965k, International Purchases
  • US$389k, International Sales

In November 2024, international sales of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C were US$389k, while international purchases reached US$965k. The above results in a trade balance of -US$576k.

Net International Trade in Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C
Monthly Flow, according to data from customs tape

Market Concentration

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2024-Q4: US$7.96k, International Sales

The visualization shows the quarterly concentration of international sales of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C at state level.

In the fourth quarter of 2024, international sales were US$7.96k, being the states with the most sales Sonora (US$7.96k).

Evolution of the Quarterly Market Concentration of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C

Exchange by Territory

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International Sales

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Nuevo León: US$3.29M, State with the Most International Sales (2023)

United States: US$3.35M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C were Nuevo León (US$3.29M), Sonora (US$52.3k), Baja California (US$30.6k), and Tamaulipas (US$605).

In 2023, the countries with the most international purchases from Mexico were United States (US$3.35M), Panama (US$18.2k), Canada (US$9), and United Arab Emirates (US$3).

Internationals Sales by State (2023)
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International Sales by Country (2023)
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International Purchases

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Nuevo León: US$5.44M, State with the Most International Purchases (2023)

United States: US$10.8M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C were Nuevo León (US$5.44M), Baja California (US$2.67M), Tamaulipas (US$2.27M), Jalisco (US$1.53M), and Guanajuato (US$1.1M).

The countries with the most international sales to Mexico in 2023 were United States (US$10.8M), Romania (US$1.41M), India (US$813k), China (US$465k), and Germany (US$413k).

International Purchases by State (2023)
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International Purchases by Country (2023)
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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 Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C. 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.

Specialization and Complexity in Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C

Origins and Trade Destinations

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  • 0.093%, Mexican share in global exports - 2022
  • 1.18%, Mexican share in global imports - 2022

The visualizations show the global market for Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C. 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 Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C were India (US$133M), Romania (US$112M), and France (US$87.4M). In the same year, the main importing countries for Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C were Singapore (US$153M), Germany (US$104M), and Canada (US$45.3M).

Trade Origins (2022)

Trade Destinations (2022)