Stainless Steel Bars, Simply Obtained or Cold Finished
Código 722220 (Harmonized System 2012 by 6 digits)
2023: US$104M, Total Trade Exchange
2023: US$9.84M, International Sales
2023: US$94.2M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Stainless Steel Bars, Simply Obtained or Cold Finished was US$104M.
In 2023, the states with the most international sales in Stainless Steel Bars, Simply Obtained or Cold Finished were Baja California (US$1.04M), Sonora (US$825k), Nuevo León (US$255k), Chihuahua (US$83k), and Guanajuato (US$81.6k).
The states with the most international purchases in 2023 were Nuevo León (US$22.1M), Ciudad de México (US$11M), Baja California (US$10.3M), Sonora (US$6.9M), and Estado de México (US$6.69M).
In 2023, the main commercial destinations of Stainless Steel Bars, Simply Obtained or Cold Finished were United States (US$2.24M), Guatemala (US$87.3k), Panama (US$41.6k), India (US$36.8k), and Peru (US$18.3k).
The main commercial origins of Stainless Steel Bars, Simply Obtained or Cold Finished in 2023 were United States (US$42.5M), India (US$26.4M), Italy (US$8.09M), France (US$3.77M), and Taiwan (Republic of China) (US$2.77M).
In the global context, the main exporting countries of Stainless Steel Bars, Simply Obtained or Cold Finished in 2022 were Italy (US$1.16B), India (US$609M), and Germany (US$457M). In the same year, the main importing countries of Stainless Steel Bars, Simply Obtained or Cold Finished were Germany (US$870M), United States (US$545M), and Italy (US$227M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$104M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Stainless Steel Bars, Simply Obtained or Cold Finished in Mexico (including international purchases and sales) was US$104M.
The visualizations show the net balance of Stainless Steel Bars, Simply Obtained or Cold Finished 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 sectionJuly, 2024
- US$8.72M, International Purchases
- US$2.07M, International Sales
In July 2024, international sales of Stainless Steel Bars, Simply Obtained or Cold Finished were US$2.07M, while international purchases reached US$8.72M. The above results in a trade balance of -US$6.65M.
Market Concentration
#permalink to section2024-Q3: US$1.27M, International Sales
The visualization shows the quarterly concentration of international sales of Stainless Steel Bars, Simply Obtained or Cold Finished at state level.
In the third quarter of 2024, international sales were US$1.27M, being the states with the most sales Sonora (US$1.17M), Baja California (US$88k), and Tamaulipas (US$6.05k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionBaja California: US$1.04M, State with the Most International Sales (2023)
United States: US$2.24M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Stainless Steel Bars, Simply Obtained or Cold Finished were Baja California (US$1.04M), Sonora (US$825k), Nuevo León (US$255k), Chihuahua (US$83k), and Guanajuato (US$81.6k).
In 2023, the countries with the most international purchases from Mexico were United States (US$2.24M), Guatemala (US$87.3k), Panama (US$41.6k), India (US$36.8k), and Peru (US$18.3k).
International Purchases
#permalink to sectionNuevo León: US$22.1M, State with the Most International Purchases (2023)
United States: US$42.5M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Stainless Steel Bars, Simply Obtained or Cold Finished were Nuevo León (US$22.1M), Ciudad de México (US$11M), Baja California (US$10.3M), Sonora (US$6.9M), and Estado de México (US$6.69M).
The countries with the most international sales to Mexico in 2023 were United States (US$42.5M), India (US$26.4M), Italy (US$8.09M), France (US$3.77M), and Taiwan (Republic of China) (US$2.77M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Stainless Steel Bars, Simply Obtained or Cold Finished and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Stainless Steel Bars, Simply Obtained or Cold Finished. 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 0.052%, Mexican share in global exports - 2022
- 2.13%, Mexican share in global imports - 2022
The visualizations show the global market for Stainless Steel Bars, Simply Obtained or Cold Finished. 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 Stainless Steel Bars, Simply Obtained or Cold Finished were Italy (US$1.16B), India (US$609M), and Germany (US$457M). In the same year, the main importing countries for Stainless Steel Bars, Simply Obtained or Cold Finished were Germany (US$870M), United States (US$545M), and Italy (US$227M).