Flat-Rolled Products of Iron or Non-Alloy Steel
Código 721049 (Harmonized System 2012 by 6 digits)
2023: US$1.23B, Total Trade Exchange
2023: US$190M, International Sales
2023: US$1.04B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Flat-Rolled Products of Iron or Non-Alloy Steel was US$1.23B.
In 2023, the states with the most international sales in Flat-Rolled Products of Iron or Non-Alloy Steel were Nuevo León (US$97.8M), Tamaulipas (US$68.9M), Chihuahua (US$8.37M), Baja California (US$1.85M), and Guanajuato (US$657k).
The states with the most international purchases in 2023 were Nuevo León (US$239M), Ciudad de México (US$145M), Estado de México (US$144M), Querétaro (US$123M), and Guanajuato (US$101M).
In 2023, the main commercial destinations of Flat-Rolled Products of Iron or Non-Alloy Steel were United States (US$171M), Puerto Rico (US$2.12M), Uruguay (US$1.7M), Argentina (US$1.27M), and Belize (US$549k).
The main commercial origins of Flat-Rolled Products of Iron or Non-Alloy Steel in 2023 were United States (US$479M), South Korea (US$168M), Japan (US$144M), Vietnam (US$61.5M), and Austria (US$37.7M).
In the global context, the main exporting countries of Flat-Rolled Products of Iron or Non-Alloy Steel in 2022 were China (US$5.94B), South Korea (US$2.91B), and Germany (US$2.42B). In the same year, the main importing countries of Flat-Rolled Products of Iron or Non-Alloy Steel were United States (US$2.57B), Germany (US$2.49B), and Spain (US$1.51B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.23B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Flat-Rolled Products of Iron or Non-Alloy Steel in Mexico (including international purchases and sales) was US$1.23B.
The visualizations show the net balance of Flat-Rolled Products of Iron or Non-Alloy Steel 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$113M, International Purchases
- US$24M, International Sales
In July 2024, international sales of Flat-Rolled Products of Iron or Non-Alloy Steel were US$24M, while international purchases reached US$113M. The above results in a trade balance of -US$89M.
Market Concentration
#permalink to section2024-Q3: US$7.34M, International Sales
The visualization shows the quarterly concentration of international sales of Flat-Rolled Products of Iron or Non-Alloy Steel at state level.
In the third quarter of 2024, international sales were US$7.34M, being the states with the most sales Nuevo León (US$7.32M) and Chihuahua (US$17.1k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$97.8M, State with the Most International Sales (2023)
United States: US$171M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Flat-Rolled Products of Iron or Non-Alloy Steel were Nuevo León (US$97.8M), Tamaulipas (US$68.9M), Chihuahua (US$8.37M), Baja California (US$1.85M), and Guanajuato (US$657k).
In 2023, the countries with the most international purchases from Mexico were United States (US$171M), Puerto Rico (US$2.12M), Uruguay (US$1.7M), Argentina (US$1.27M), and Belize (US$549k).
International Purchases
#permalink to sectionNuevo León: US$239M, State with the Most International Purchases (2023)
United States: US$479M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Flat-Rolled Products of Iron or Non-Alloy Steel were Nuevo León (US$239M), Ciudad de México (US$145M), Estado de México (US$144M), Querétaro (US$123M), and Guanajuato (US$101M).
The countries with the most international sales to Mexico in 2023 were United States (US$479M), South Korea (US$168M), Japan (US$144M), Vietnam (US$61.5M), and Austria (US$37.7M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Flat-Rolled Products of Iron or Non-Alloy Steel and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Flat-Rolled Products of Iron or Non-Alloy Steel. 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- 1.28%, Mexican share in global exports - 2022
- 3.53%, Mexican share in global imports - 2022
The visualizations show the global market for Flat-Rolled Products of Iron or Non-Alloy Steel. 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 Flat-Rolled Products of Iron or Non-Alloy Steel were China (US$5.94B), South Korea (US$2.91B), and Germany (US$2.42B). In the same year, the main importing countries for Flat-Rolled Products of Iron or Non-Alloy Steel were United States (US$2.57B), Germany (US$2.49B), and Spain (US$1.51B).