ProceduresGovernment

Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing)

Código 720510 (Harmonized System 2012 by 6 digits)

 2023: US$44.9M, Total Trade Exchange

2023: US$361k, International Sales

  2023: US$44.5M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) was US$44.9M.

In 2023, the states with the most international sales in Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) were Nuevo León (US$279k), Tamaulipas (US$7.59k), and Baja California (US$980).

The states with the most international purchases in 2023 were Nuevo León (US$12.8M), Estado de México (US$10.4M), Coahuila de Zaragoza (US$8.94M), San Luis Potosí (US$2.11M), and Guanajuato (US$1.89M).

In 2023, the main commercial destinations of Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) were United States (US$287k) and Costa Rica (US$675).

The main commercial origins of Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) in 2023 were United States (US$18.4M), Brazil (US$5.09M), Canada (US$4.5M), China (US$4.2M), and Germany (US$3.37M).

In the global context, the main exporting countries of Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) in 2022 were Germany (US$134M), France (US$91.8M), and China (US$85.1M). In the same year, the main importing countries of Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) were Oman (US$74.9M), United States (US$53.5M), and Italy (US$48.1M).

Trade Balance of Mexico

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Net Trade Balance

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US$44.9M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) in Mexico (including international purchases and sales) was US$44.9M.

The visualizations show the net balance of Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) 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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July, 2024

  • US$3.02M, International Purchases
  • US$4.5k, International Sales

In July 2024, international sales of Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) were US$4.5k, while international purchases reached US$3.02M. The above results in a trade balance of -US$3.01M.

Exchange by Territory

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International Sales

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Nuevo León: US$279k, State with the Most International Sales (2023)

United States: US$287k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) were Nuevo León (US$279k), Tamaulipas (US$7.59k), and Baja California (US$980).

In 2023, the countries with the most international purchases from Mexico were United States (US$287k) and Costa Rica (US$675).

International Purchases

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Nuevo León: US$12.8M, State with the Most International Purchases (2023)

United States: US$18.4M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) were Nuevo León (US$12.8M), Estado de México (US$10.4M), Coahuila de Zaragoza (US$8.94M), San Luis Potosí (US$2.11M), and Guanajuato (US$1.89M).

The countries with the most international sales to Mexico in 2023 were United States (US$18.4M), Brazil (US$5.09M), Canada (US$4.5M), China (US$4.2M), and Germany (US$3.37M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing). 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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  • 0.35%, Mexican share in global exports - 2022
  • 5.09%, Mexican share in global imports - 2022

The visualizations show the global market for Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing). 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 Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) were Germany (US$134M), France (US$91.8M), and China (US$85.1M). In the same year, the main importing countries for Granules, of Pig Iron, Spiegeleisen, of Iron or Steel (Excl. Granules Ferroalloy, Turnings and Filings of Iron or Steel, and Certain Balls and Small Arms Defective Ball Bearing) were Oman (US$74.9M), United States (US$53.5M), and Italy (US$48.1M).