Bars of Iron or Non-Alloy Forgings
Código 721410 (Harmonized System 2012 by 6 digits)
2023: US$10.6M, Total Trade Exchange
2023: US$51.7k, International Sales
2023: US$10.5M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Bars of Iron or Non-Alloy Forgings was US$10.6M.
In 2014, the states with the most international sales in Bars of Iron or Non-Alloy Forgings were Nuevo León (US$41.6k) and Baja California (US$98).
The states with the most international purchases in 2023 were Nuevo León (US$5.3M), Jalisco (US$805k), Ciudad de México (US$383k), Estado de México (US$129k), and Baja California (US$77k).
In 2014, the main commercial destinations of Bars of Iron or Non-Alloy Forgings were United States (US$32.1k) and Belize (US$9.62k).
The main commercial origins of Bars of Iron or Non-Alloy Forgings in 2023 were United States (US$4.64M), China (US$1.57M), India (US$288k), Japan (US$111k), and Turkey (US$68.9k).
In the global context, the main exporting countries of Bars of Iron or Non-Alloy Forgings in 2022 were Malaysia (US$974M), United Arab Emirates (US$313M), and China (US$115M). In the same year, the main importing countries of Bars of Iron or Non-Alloy Forgings were Hong Kong (US$720M), Kuwait (US$299M), and Singapore (US$192M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$10.6M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Bars of Iron or Non-Alloy Forgings in Mexico (including international purchases and sales) was US$10.6M.
The visualizations show the net balance of Bars of Iron or Non-Alloy Forgings 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$1.1M, International Purchases
In July 2024, international sales of Bars of Iron or Non-Alloy Forgings were US$0, while international purchases reached US$1.1M. The above results in a trade balance of -US$1.1M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$41.6k, State with the Most International Sales (2014)
United States: US$32.1k, Main commercial destination (2014)
In 2014, the states with the highest international sales in Bars of Iron or Non-Alloy Forgings were Nuevo León (US$41.6k) and Baja California (US$98).
In 2014, the countries with the most international purchases from Mexico were United States (US$32.1k) and Belize (US$9.62k).
International Purchases
#permalink to sectionNuevo León: US$5.3M, State with the Most International Purchases (2023)
United States: US$4.64M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Bars of Iron or Non-Alloy Forgings were Nuevo León (US$5.3M), Jalisco (US$805k), Ciudad de México (US$383k), Estado de México (US$129k), and Baja California (US$77k).
The countries with the most international sales to Mexico in 2023 were United States (US$4.64M), China (US$1.57M), India (US$288k), Japan (US$111k), and Turkey (US$68.9k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Bars of Iron or Non-Alloy Forgings and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Bars of Iron or Non-Alloy Forgings. 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- 0.015%, Mexican share in global exports - 2022
- 0.69%, Mexican share in global imports - 2022
The visualizations show the global market for Bars of Iron or Non-Alloy Forgings. 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 of Iron or Non-Alloy Forgings were Malaysia (US$974M), United Arab Emirates (US$313M), and China (US$115M). In the same year, the main importing countries for Bars of Iron or Non-Alloy Forgings were Hong Kong (US$720M), Kuwait (US$299M), and Singapore (US$192M).