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 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.

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).

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).

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).

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).