Ferroalloys
Código 7202 (Harmonized System 2012 by 4 digits)
2023: US$451M, Total Trade Exchange
2023: US$71M, International Sales
2023: US$380M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Ferroalloys was US$451M.
In 2023, the states with the most international sales in Ferroalloys were Nuevo León (US$55.1M) and Tamaulipas (US$11.8M).
The states with the most international purchases in 2023 were Veracruz de Ignacio de la Llave (US$134M), Nuevo León (US$111M), Estado de México (US$41.2M), Coahuila de Zaragoza (US$20.7M), and Tamaulipas (US$11.8M).
In 2023, the main commercial destinations of Ferroalloys were United States (US$56.3M), Argentina (US$2.11M), Colombia (US$1.28M), Chile (US$1.06M), and Netherlands (US$913k).
The main commercial origins of Ferroalloys in 2023 were United Kingdom (US$89.7M), China (US$62.3M), India (US$30.7M), Canada (US$29.4M), and South Korea (US$22.4M).
In the global context, the main exporting countries of Ferroalloys in 2022 were Indonesia (US$13.5B), South Africa (US$5.29B), and Brazil (US$4.28B). In the same year, the main importing countries of Ferroalloys were China (US$19.8B), United States (US$5.1B), and Japan (US$3.6B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$451M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Ferroalloys in Mexico (including international purchases and sales) was US$451M.
The visualizations show the net balance of Ferroalloys 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$36.4M, International Purchases
- US$9.07M, International Sales
In July 2024, international sales of Ferroalloys were US$9.07M, while international purchases reached US$36.4M. The above results in a trade balance of -US$27.4M.
Market Concentration
#permalink to section2024-Q3: US$7.28M, International Sales
The visualization shows the quarterly concentration of international sales of Ferroalloys at state level.
In the third quarter of 2024, international sales were US$7.28M, being the states with the most sales Nuevo León (US$7.28M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$55.1M, State with the Most International Sales (2023)
United States: US$56.3M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Ferroalloys were Nuevo León (US$55.1M) and Tamaulipas (US$11.8M).
In 2023, the countries with the most international purchases from Mexico were United States (US$56.3M), Argentina (US$2.11M), Colombia (US$1.28M), Chile (US$1.06M), and Netherlands (US$913k).
International Purchases
#permalink to sectionVeracruz de Ignacio de la Llave: US$134M, State with the Most International Purchases (2023)
United Kingdom: US$89.7M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Ferroalloys were Veracruz de Ignacio de la Llave (US$134M), Nuevo León (US$111M), Estado de México (US$41.2M), Coahuila de Zaragoza (US$20.7M), and Tamaulipas (US$11.8M).
The countries with the most international sales to Mexico in 2023 were United Kingdom (US$89.7M), China (US$62.3M), India (US$30.7M), Canada (US$29.4M), and South Korea (US$22.4M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Ferroalloys and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Ferroalloys. 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- 0.24%, Mexican share in global exports - 2022
- 0.57%, Mexican share in global imports - 2022
The visualizations show the global market for Ferroalloys. 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 Ferroalloys were Indonesia (US$13.5B), South Africa (US$5.29B), and Brazil (US$4.28B). In the same year, the main importing countries for Ferroalloys were China (US$19.8B), United States (US$5.1B), and Japan (US$3.6B).