ProceduresGovernment

Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes")

Código 260111 (Harmonized System 2012 by 6 digits)

 2023: US$376M, Total Trade Exchange

2023: US$36.6M, International Sales

  2023: US$339M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") was US$376M.

In 2022, the states with the most international sales in Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") were Jalisco (US$8.25M) and Guerrero (US$1.14M).

The states with the most international purchases in 2023 were Nuevo León (US$835k), Jalisco (US$404k), Estado de México (US$167k), and Ciudad de México (US$96.7k).

In 2022, the main commercial destinations of Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") were China (US$9.14M), Hong Kong (US$255k), and Vietnam (US$150).

The main commercial origins of Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") in 2023 were United States (US$1.41M), South Africa (US$31k), France (US$23.9k), Spain (US$10.9k), and Germany (US$9.13k).

In the global context, the main exporting countries of Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") in 2022 were Australia (US$94.1B), Brazil (US$28.5B), and South Africa (US$7.18B). In the same year, the main importing countries of Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") were China (US$111B), Japan (US$11.7B), and South Korea (US$7.14B).

Trade Balance of Mexico

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Net Trade Balance

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US$376M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") in Mexico (including international purchases and sales) was US$376M.

The visualizations show the net balance of Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") 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$158k, International Purchases
  • US$1.64M, International Sales

In July 2024, international sales of Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") were US$1.64M, while international purchases reached US$158k. The above results in a trade balance of US$1.48M.

Exchange by Territory

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International Sales

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Jalisco: US$8.25M, State with the Most International Sales (2022)

China: US$9.14M, Main commercial destination (2022)

In 2022, the states with the highest international sales in Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") were Jalisco (US$8.25M) and Guerrero (US$1.14M).

In 2022, the countries with the most international purchases from Mexico were China (US$9.14M), Hong Kong (US$255k), and Vietnam (US$150).

International Purchases

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Nuevo León: US$835k, State with the Most International Purchases (2023)

United States: US$1.41M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") were Nuevo León (US$835k), Jalisco (US$404k), Estado de México (US$167k), and Ciudad de México (US$96.7k).

The countries with the most international sales to Mexico in 2023 were United States (US$1.41M), South Africa (US$31k), France (US$23.9k), Spain (US$10.9k), and Germany (US$9.13k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes")  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes"). 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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  • 0.14%, Mexican share in global exports - 2022
  • 0.16%, Mexican share in global imports - 2022

The visualizations show the global market for Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes"). 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 Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") were Australia (US$94.1B), Brazil (US$28.5B), and South Africa (US$7.18B). In the same year, the main importing countries for Iron Ores and Concentrates, Non-Agglomerated (Excl. Roasted Iron Pyrites "Pyrite Ashes") were China (US$111B), Japan (US$11.7B), and South Korea (US$7.14B).