ProceduresGovernment

Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets)

Código 721661 (Harmonized System 2012 by 6 digits)

 2023: US$81.4M, Total Trade Exchange

2023: US$71.4M, International Sales

  2023: US$9.99M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) was US$81.4M.

In 2023, the states with the most international sales in Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) were Nuevo León (US$69M), Guanajuato (US$241k), Ciudad de México (US$183k), Baja California (US$83.8k), and Coahuila de Zaragoza (US$35.8k).

The states with the most international purchases in 2023 were Baja California (US$2.22M), Ciudad de México (US$1.9M), Querétaro (US$583k), Chihuahua (US$464k), and Puebla (US$419k).

In 2023, the main commercial destinations of Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) were United States (US$68.9M), Guyana (US$149k), Guatemala (US$71.3k), Puerto Rico (US$68.3k), and Jamaica (US$51.3k).

The main commercial origins of Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) in 2023 were United States (US$2.88M), Chile (US$1.34M), China (US$792k), Austria (US$367k), and Germany (US$198k).

In the global context, the main exporting countries of Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) in 2022 were Germany (US$236M), Poland (US$180M), and Italy (US$147M). In the same year, the main importing countries of Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) were Germany (US$210M), France (US$204M), and United States (US$168M).

Trade Balance of Mexico

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Net Trade Balance

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US$81.4M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) in Mexico (including international purchases and sales) was US$81.4M.

The visualizations show the net balance of Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) 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$1.25M, International Purchases
  • US$3.83M, International Sales

In July 2024, international sales of Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) were US$3.83M, while international purchases reached US$1.25M. The above results in a trade balance of US$2.59M.

Market Concentration

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2024-Q3: US$3.64M, International Sales

The visualization shows the quarterly concentration of international sales of Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) at state level.

In the third quarter of 2024, international sales were US$3.64M, being the states with the most sales Nuevo León (US$3.63M) and Baja California (US$3.71k).

Exchange by Territory

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International Sales

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Nuevo León: US$69M, State with the Most International Sales (2023)

United States: US$68.9M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) were Nuevo León (US$69M), Guanajuato (US$241k), Ciudad de México (US$183k), Baja California (US$83.8k), and Coahuila de Zaragoza (US$35.8k).

In 2023, the countries with the most international purchases from Mexico were United States (US$68.9M), Guyana (US$149k), Guatemala (US$71.3k), Puerto Rico (US$68.3k), and Jamaica (US$51.3k).

International Purchases

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Baja California: US$2.22M, State with the Most International Purchases (2023)

United States: US$2.88M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) were Baja California (US$2.22M), Ciudad de México (US$1.9M), Querétaro (US$583k), Chihuahua (US$464k), and Puebla (US$419k).

The countries with the most international sales to Mexico in 2023 were United States (US$2.88M), Chile (US$1.34M), China (US$792k), Austria (US$367k), and Germany (US$198k).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets). 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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  • 6.94%, Mexican share in global exports - 2022
  • 1.06%, Mexican share in global imports - 2022

The visualizations show the global market for Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets). 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 Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) were Germany (US$236M), Poland (US$180M), and Italy (US$147M). In the same year, the main importing countries for Sections of Iron or Non-Alloy Steel, Simply Obtained or Cold from Products Flat-Rolled (Exc. Ribbed Sheets) were Germany (US$210M), France (US$204M), and United States (US$168M).