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)

 2024: US$24.4M, Total Trade Exchange

2024: US$7.16M, International Sales

  2024: US$17.2M, International Purchases

In 2024, 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$24.4M.

In 2024, 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$7.09M), Coahuila de Zaragoza (US$29k), Sonora (US$26.9k), Baja California (US$5.17k), and Tamaulipas (US$264).

The states with the most international purchases in 2024 were Nuevo León (US$9.77M), Baja California (US$3.14M), Jalisco (US$1.33M), Tamaulipas (US$825k), and Chihuahua (US$679k).

In 2024, 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$5.44M), China (US$1.71M), and Canada (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 2024 were United States (US$14.1M), Romania (US$901k), China (US$633k), India (US$452k), and Germany (US$411k).

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$24.4M, Total Trade Exchange (2024)

In 2024, 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$24.4M.

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 International Trade

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March, 2025

  • US$1.15M, International Purchases
  • US$100k, International Sales

In March 2025, international sales of Bars Iron or Non-Alloy Formed or Cold-Finished and further Worked or Hot-Worked, N.E.C were US$100k, while international purchases reached US$1.15M. The above results in a trade balance of -US$1.05M.

Market Concentration

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2025-Q1: US$690k, 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 first quarter of 2025, international sales were US$690k, being the states with the most sales Nuevo León (US$688k) and Sonora (US$1.91k).

Exchange by Territory

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International Sales

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Nuevo León: US$7.09M, State with the Most International Sales (2024)

United States: US$5.44M, Main commercial destination (2024)

In 2024, 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$7.09M), Coahuila de Zaragoza (US$29k), Sonora (US$26.9k), Baja California (US$5.17k), and Tamaulipas (US$264).

In 2024, the countries with the most international purchases from Mexico were United States (US$5.44M), China (US$1.71M), and Canada (US$3).

International Purchases

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Nuevo León: US$9.77M, State with the Most International Purchases (2024)

United States: US$14.1M, Main Commercial Origin (2024)

In 2024, 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$9.77M), Baja California (US$3.14M), Jalisco (US$1.33M), Tamaulipas (US$825k), and Chihuahua (US$679k).

The countries with the most international sales to Mexico in 2024 were United States (US$14.1M), Romania (US$901k), China (US$633k), India (US$452k), and Germany (US$411k).

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.

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).