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Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight

Código 2821 (Harmonized System 2012 by 4 digits)

 2023: US$27.8M, Total Trade Exchange

2023: US$1.34M, International Sales

  2023: US$26.4M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight was US$27.8M.

In 2023, the states with the most international sales in Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were Estado de México (US$504k), Nuevo León (US$403k), Ciudad de México (US$174k), and Baja California (US$4.19k).

The states with the most international purchases in 2023 were Nuevo León (US$7.18M), Ciudad de México (US$6.96M), Estado de México (US$5.62M), Jalisco (US$1.51M), and Morelos (US$1.24M).

In 2023, the main commercial destinations of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were United States (US$414k), Dominican Republic (US$166k), Costa Rica (US$150k), Spain (US$114k), and Colombia (US$79.2k).

The main commercial origins of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight in 2023 were China (US$8.36M), United States (US$7.91M), Germany (US$5.95M), Brazil (US$1.09M), and Italy (US$640k).

In the global context, the main exporting countries of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight in 2022 were China (US$552M), Germany (US$369M), and South Africa (US$72.1M). In the same year, the main importing countries of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were United States (US$409M), China (US$158M), and Germany (US$67.8M).

Trade Balance of Mexico

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Net Trade Balance

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US$27.8M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight in Mexico (including international purchases and sales) was US$27.8M.

The visualizations show the net balance of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight 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$2.91M, International Purchases

In July 2024, international sales of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were US$0, while international purchases reached US$2.91M. The above results in a trade balance of -US$2.91M.

Market Concentration

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2024-Q3: US$5.93k, International Sales

The visualization shows the quarterly concentration of international sales of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight at state level.

In the third quarter of 2024, international sales were US$5.93k, being the states with the most sales Estado de México (US$5.93k).

Exchange by Territory

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International Sales

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Estado de México: US$504k, State with the Most International Sales (2023)

United States: US$414k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were Estado de México (US$504k), Nuevo León (US$403k), Ciudad de México (US$174k), and Baja California (US$4.19k).

In 2023, the countries with the most international purchases from Mexico were United States (US$414k), Dominican Republic (US$166k), Costa Rica (US$150k), Spain (US$114k), and Colombia (US$79.2k).

International Purchases

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Nuevo León: US$7.18M, State with the Most International Purchases (2023)

China: US$8.36M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were Nuevo León (US$7.18M), Ciudad de México (US$6.96M), Estado de México (US$5.62M), Jalisco (US$1.51M), and Morelos (US$1.24M).

The countries with the most international sales to Mexico in 2023 were China (US$8.36M), United States (US$7.91M), Germany (US$5.95M), Brazil (US$1.09M), and Italy (US$640k).

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 Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight. 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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  • 0.08%, Mexican share in global exports - 2022
  • 2.06%, Mexican share in global imports - 2022

The visualizations show the global market for Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight. 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 Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were China (US$552M), Germany (US$369M), and South Africa (US$72.1M). In the same year, the main importing countries for Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were United States (US$409M), China (US$158M), and Germany (US$67.8M).