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Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel

Código 7224 (Harmonized System 2012 by 4 digits)

 2023: US$1.08B, Total Trade Exchange

2023: US$563M, International Sales

  2023: US$518M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel was US$1.08B.

In 2023, the states with the most international sales in Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel were Veracruz de Ignacio de la Llave (US$29.8M) and Nuevo León (US$2.43M).

The states with the most international purchases in 2023 were Nuevo León (US$402M), Veracruz de Ignacio de la Llave (US$84.8M), Ciudad de México (US$6.91M), Querétaro (US$5.74M), and Estado de México (US$1.89M).

In 2023, the main commercial destinations of Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel were Canada (US$17.5M), United States (US$14.6M), Italy (US$134k), and United Kingdom (US$11k).

The main commercial origins of Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel in 2023 were Brazil (US$316M), Argentina (US$84.8M), Russia (US$65.1M), United States (US$22.5M), and Vietnam (US$5.19M).

In the global context, the main exporting countries of Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel in 2022 were Mexico (US$663M), Brazil (US$644M), and Italy (US$380M). In the same year, the main importing countries of Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel were United States (US$1.91B), Italy (US$380M), and Germany (US$357M).

Trade Balance of Mexico

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Net Trade Balance

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US$1.08B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel in Mexico (including international purchases and sales) was US$1.08B.

The visualizations show the net balance of Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other 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

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July, 2024

  • US$34.6M, International Purchases
  • US$1.28M, International Sales

In July 2024, international sales of Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel were US$1.28M, while international purchases reached US$34.6M. The above results in a trade balance of -US$33.3M.

Exchange by Territory

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International Sales

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Veracruz de Ignacio de la Llave: US$29.8M, State with the Most International Sales (2023)

Canada: US$17.5M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel were Veracruz de Ignacio de la Llave (US$29.8M) and Nuevo León (US$2.43M).

In 2023, the countries with the most international purchases from Mexico were Canada (US$17.5M), United States (US$14.6M), Italy (US$134k), and United Kingdom (US$11k).

International Purchases

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Nuevo León: US$402M, State with the Most International Purchases (2023)

Brazil: US$316M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel were Nuevo León (US$402M), Veracruz de Ignacio de la Llave (US$84.8M), Ciudad de México (US$6.91M), Querétaro (US$5.74M), and Estado de México (US$1.89M).

The countries with the most international sales to Mexico in 2023 were Brazil (US$316M), Argentina (US$84.8M), Russia (US$65.1M), United States (US$22.5M), and Vietnam (US$5.19M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other 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.

Origins and Trade Destinations

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  • 14.1%, Mexican share in global exports - 2022
  • 0.78%, Mexican share in global imports - 2022

The visualizations show the global market for Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other 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 Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel were Mexico (US$663M), Brazil (US$644M), and Italy (US$380M). In the same year, the main importing countries for Other Alloy Steel in Ingots or other Primary Forms; Intermediate Products of other Alloy Steel were United States (US$1.91B), Italy (US$380M), and Germany (US$357M).