ProceduresGovernment

Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas)

Código 730793 (Harmonized System 2012 by 6 digits)

 2023: US$55.3M, Total Trade Exchange

2023: US$11.6M, International Sales

  2023: US$43.7M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) was US$55.3M.

In 2023, the states with the most international sales in Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) were Veracruz de Ignacio de la Llave (US$8.15M), Baja California (US$1.46M), Estado de México (US$152k), Nuevo León (US$119k), and Yucatán (US$84.3k).

The states with the most international purchases in 2023 were Nuevo León (US$19.3M), Ciudad de México (US$9.07M), Estado de México (US$4.12M), Tamaulipas (US$1.32M), and Jalisco (US$749k).

In 2023, the main commercial destinations of Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) were United States (US$9.6M), Colombia (US$267k), Costa Rica (US$59.8k), Honduras (US$51.3k), and Panama (US$38.9k).

The main commercial origins of Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) in 2023 were Singapore (US$9.44M), United States (US$9.1M), China (US$4.33M), Italy (US$2.68M), and Malaysia (US$2.29M).

In the global context, the main exporting countries of Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) in 2022 were China (US$513M), Italy (US$221M), and South Korea (US$196M). In the same year, the main importing countries of Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) were United States (US$247M), United Arab Emirates (US$75.7M), and Indonesia (US$72.3M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$55.3M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) in Mexico (including international purchases and sales) was US$55.3M.

The visualizations show the net balance of Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) 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 section

July, 2024

  • US$2.05M, International Purchases
  • US$621k, International Sales

In July 2024, international sales of Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) were US$621k, while international purchases reached US$2.05M. The above results in a trade balance of -US$1.43M.

Market Concentration

#permalink to section

2024-Q3: US$21.2k, International Sales

The visualization shows the quarterly concentration of international sales of Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) at state level.

In the third quarter of 2024, international sales were US$21.2k, being the states with the most sales Estado de México (US$13k) and Nuevo León (US$8.14k).

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Veracruz de Ignacio de la Llave: US$8.15M, State with the Most International Sales (2023)

United States: US$9.6M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) were Veracruz de Ignacio de la Llave (US$8.15M), Baja California (US$1.46M), Estado de México (US$152k), Nuevo León (US$119k), and Yucatán (US$84.3k).

In 2023, the countries with the most international purchases from Mexico were United States (US$9.6M), Colombia (US$267k), Costa Rica (US$59.8k), Honduras (US$51.3k), and Panama (US$38.9k).

International Purchases

#permalink to section

Nuevo León: US$19.3M, State with the Most International Purchases (2023)

Singapore: US$9.44M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) were Nuevo León (US$19.3M), Ciudad de México (US$9.07M), Estado de México (US$4.12M), Tamaulipas (US$1.32M), and Jalisco (US$749k).

The countries with the most international sales to Mexico in 2023 were Singapore (US$9.44M), United States (US$9.1M), China (US$4.33M), Italy (US$2.68M), and Malaysia (US$2.29M).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas). 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

#permalink to section

  • 0.68%, Mexican share in global exports - 2022
  • 1.98%, Mexican share in global imports - 2022

The visualizations show the global market for Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas). 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 Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) were China (US$513M), Italy (US$221M), and South Korea (US$196M). In the same year, the main importing countries for Pipe Fittings, of Iron or Steel, Butt Welding (Exc. Moldeados O Stainless Steel, as well as Bridas) were United States (US$247M), United Arab Emirates (US$75.7M), and Indonesia (US$72.3M).