ProceduresGovernment

Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked

Código 721691 (Harmonized System 2012 by 6 digits)

 2023: US$55.7M, Total Trade Exchange

2023: US$47.1M, International Sales

  2023: US$8.55M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked was US$55.7M.

In 2023, the states with the most international sales in Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked were Nuevo León (US$43.4M), Tamaulipas (US$671k), and Baja California (US$356k).

The states with the most international purchases in 2023 were Baja California (US$1.76M), Nuevo León (US$719k), Tamaulipas (US$607k), Sonora (US$513k), and Puebla (US$441k).

In 2023, the main commercial destinations of Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked were United States (US$44.4M).

The main commercial origins of Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked in 2023 were United States (US$3.21M), China (US$1.09M), Italy (US$358k), Spain (US$189k), and Germany (US$185k).

In the global context, the main exporting countries of Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked in 2022 were China (US$239M), Poland (US$160M), and Germany (US$127M). In the same year, the main importing countries of Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked were United States (US$130M), Germany (US$124M), and Czech Republic (US$60.5M).

Trade Balance of Mexico

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Net Trade Balance

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US$55.7M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked in Mexico (including international purchases and sales) was US$55.7M.

The visualizations show the net balance of Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked 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$1.13M, International Purchases
  • US$2.91M, International Sales

In July 2024, international sales of Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked were US$2.91M, while international purchases reached US$1.13M. The above results in a trade balance of US$1.78M.

Market Concentration

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2024-Q3: US$2.5M, International Sales

The visualization shows the quarterly concentration of international sales of Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked at state level.

In the third quarter of 2024, international sales were US$2.5M, being the states with the most sales Nuevo León (US$2.5M).

Exchange by Territory

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International Sales

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Nuevo León: US$43.4M, State with the Most International Sales (2023)

United States: US$44.4M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked were Nuevo León (US$43.4M), Tamaulipas (US$671k), and Baja California (US$356k).

In 2023, the countries with the most international purchases from Mexico were United States (US$44.4M).

International Purchases

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Baja California: US$1.76M, State with the Most International Purchases (2023)

United States: US$3.21M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked were Baja California (US$1.76M), Nuevo León (US$719k), Tamaulipas (US$607k), Sonora (US$513k), and Puebla (US$441k).

The countries with the most international sales to Mexico in 2023 were United States (US$3.21M), China (US$1.09M), Italy (US$358k), Spain (US$189k), and Germany (US$185k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked. 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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  • 3.99%, Mexican share in global exports - 2022
  • 0.6%, Mexican share in global imports - 2022

The visualizations show the global market for Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked. 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 Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked were China (US$239M), Poland (US$160M), and Germany (US$127M). In the same year, the main importing countries for Profiles of Iron or Non-Alloy Finishing Obtained or Cold from Flat-Rolled Products and further Worked were United States (US$130M), Germany (US$124M), and Czech Republic (US$60.5M).