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Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O)

Código 730640 (Harmonized System 2012 by 6 digits)

 2023: US$210M, Total Trade Exchange

2023: US$29.3M, International Sales

  2023: US$181M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) was US$210M.

In 2023, the states with the most international sales in Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) were Sonora (US$15M), San Luis Potosí (US$4.79M), Ciudad de México (US$4.12M), Coahuila de Zaragoza (US$2.29M), and Baja California (US$1.34M).

The states with the most international purchases in 2023 were Coahuila de Zaragoza (US$41.3M), Tamaulipas (US$25.9M), Baja California (US$23.4M), Guanajuato (US$17.9M), and Ciudad de México (US$13.6M).

In 2023, the main commercial destinations of Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) were United States (US$21M), Singapore (US$2.65M), Canada (US$2.27M), Germany (US$589k), and Spain (US$467k).

The main commercial origins of Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) in 2023 were United States (US$89.9M), Canada (US$27.2M), Taiwan (Republic of China) (US$16.3M), China (US$14.6M), and Japan (US$7.67M).

In the global context, the main exporting countries of Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) in 2022 were Italy (US$1.34B), China (US$794M), and Taiwan (Republic of China) (US$528M). In the same year, the main importing countries of Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) were United States (US$596M), Germany (US$559M), and Poland (US$243M).

Trade Balance of Mexico

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Net Trade Balance

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US$210M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) in Mexico (including international purchases and sales) was US$210M.

The visualizations show the net balance of Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) 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$16.4M, International Purchases
  • US$2.13M, International Sales

In July 2024, international sales of Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) were US$2.13M, while international purchases reached US$16.4M. The above results in a trade balance of -US$14.3M.

Market Concentration

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2024-Q3: US$1.84M, International Sales

The visualization shows the quarterly concentration of international sales of Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) at state level.

In the third quarter of 2024, international sales were US$1.84M, being the states with the most sales Sonora (US$1.21M), Ciudad de México (US$420k), and Coahuila de Zaragoza (US$109k).

Exchange by Territory

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International Sales

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Sonora: US$15M, State with the Most International Sales (2023)

United States: US$21M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) were Sonora (US$15M), San Luis Potosí (US$4.79M), Ciudad de México (US$4.12M), Coahuila de Zaragoza (US$2.29M), and Baja California (US$1.34M).

In 2023, the countries with the most international purchases from Mexico were United States (US$21M), Singapore (US$2.65M), Canada (US$2.27M), Germany (US$589k), and Spain (US$467k).

International Purchases

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Coahuila de Zaragoza: US$41.3M, State with the Most International Purchases (2023)

United States: US$89.9M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) were Coahuila de Zaragoza (US$41.3M), Tamaulipas (US$25.9M), Baja California (US$23.4M), Guanajuato (US$17.9M), and Ciudad de México (US$13.6M).

The countries with the most international sales to Mexico in 2023 were United States (US$89.9M), Canada (US$27.2M), Taiwan (Republic of China) (US$16.3M), China (US$14.6M), and Japan (US$7.67M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O). 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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  • 0.65%, Mexican share in global exports - 2022
  • 2.99%, Mexican share in global imports - 2022

The visualizations show the global market for Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O). 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 Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) were Italy (US$1.34B), China (US$794M), and Taiwan (Republic of China) (US$528M). In the same year, the main importing countries for Pipes and Hollow Profiles, Welded, of Circular Section, Stainless Steel (Exc. Pipes Sections Interior and Exterior Circulars and Od> 406.4 Mm and Pipes of a Kind Used in Pipelines or for Oil Extraction Gas O) were United States (US$596M), Germany (US$559M), and Poland (US$243M).