Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt%
Código 720720 (Harmonized System 2012 by 6 digits)
2023: US$131M, Total Trade Exchange
2023: US$55.9M, International Sales
2023: US$74.8M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% was US$131M.
In 2022, the states with the most international sales in Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% were Nuevo León (US$82.1M).
The states with the most international purchases in 2023 were Nuevo León (US$70.9M).
In 2022, the main commercial destinations of Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% were Colombia (US$60.2M), Dominican Republic (US$8.96M), United States (US$7.12M), Costa Rica (US$5.06M), and Uruguay (US$750k).
The main commercial origins of Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% in 2023 were Brazil (US$69.7M) and United States (US$1.13M).
In the global context, the main exporting countries of Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% in 2022 were Russia (US$934M), Brazil (US$543M), and Indonesia (US$456M). In the same year, the main importing countries of Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% were Philippines (US$1.03B), Taiwan (Republic of China) (US$600M), and Dominican Republic (US$520M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$131M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% in Mexico (including international purchases and sales) was US$131M.
The visualizations show the net balance of Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% 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$3.34M, International Purchases
In July 2024, international sales of Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% were US$0, while international purchases reached US$3.34M. The above results in a trade balance of -US$3.34M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$82.1M, State with the Most International Sales (2022)
Colombia: US$60.2M, Main commercial destination (2022)
In 2022, the states with the highest international sales in Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% were Nuevo León (US$82.1M).
In 2022, the countries with the most international purchases from Mexico were Colombia (US$60.2M), Dominican Republic (US$8.96M), United States (US$7.12M), Costa Rica (US$5.06M), and Uruguay (US$750k).
International Purchases
#permalink to sectionNuevo León: US$70.9M, State with the Most International Purchases (2023)
Brazil: US$69.7M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% were Nuevo León (US$70.9M).
The countries with the most international sales to Mexico in 2023 were Brazil (US$69.7M) and United States (US$1.13M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt%. 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- 3.61%, Mexican share in global exports - 2022
- 0.15%, Mexican share in global imports - 2022
The visualizations show the global market for Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt%. 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 Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% were Russia (US$934M), Brazil (US$543M), and Indonesia (US$456M). In the same year, the main importing countries for Intermediate Products of Iron or Non-Alloy with a Carbon Content> = 0.25 Wt% were Philippines (US$1.03B), Taiwan (Republic of China) (US$600M), and Dominican Republic (US$520M).