Stainless Steel Wire
Código 7223 (Harmonized System 2012 by 4 digits)
2023: US$123M, Total Trade Exchange
2023: US$17.7M, International Sales
2023: US$105M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Stainless Steel Wire was US$123M.
In 2023, the states with the most international sales in Stainless Steel Wire were Nuevo León (US$2.94M), Tamaulipas (US$183k), Coahuila de Zaragoza (US$94.3k), Ciudad de México (US$70.9k), and Estado de México (US$59.5k).
The states with the most international purchases in 2023 were Chihuahua (US$20.5M), Ciudad de México (US$12.6M), Tamaulipas (US$7.52M), Guanajuato (US$6.93M), and Coahuila de Zaragoza (US$6.53M).
In 2023, the main commercial destinations of Stainless Steel Wire were Romania (US$1.43M), United States (US$1.28M), Czech Republic (US$359k), Spain (US$321k), and South Korea (US$42.8k).
The main commercial origins of Stainless Steel Wire in 2023 were United States (US$38.3M), India (US$10.1M), South Korea (US$6.1M), China (US$5.16M), and Japan (US$3.62M).
In the global context, the main exporting countries of Stainless Steel Wire in 2022 were India (US$546M), China (US$452M), and South Korea (US$314M). In the same year, the main importing countries of Stainless Steel Wire were Germany (US$395M), United States (US$343M), and Italy (US$199M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$123M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Stainless Steel Wire in Mexico (including international purchases and sales) was US$123M.
The visualizations show the net balance of Stainless Steel Wire 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$11.5M, International Purchases
- US$1.19M, International Sales
In July 2024, international sales of Stainless Steel Wire were US$1.19M, while international purchases reached US$11.5M. The above results in a trade balance of -US$10.3M.
Market Concentration
#permalink to section2024-Q3: US$564k, International Sales
The visualization shows the quarterly concentration of international sales of Stainless Steel Wire at state level.
In the third quarter of 2024, international sales were US$564k, being the states with the most sales Chihuahua (US$300k), Nuevo León (US$131k), and Ciudad de México (US$85.8k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$2.94M, State with the Most International Sales (2023)
Romania: US$1.43M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Stainless Steel Wire were Nuevo León (US$2.94M), Tamaulipas (US$183k), Coahuila de Zaragoza (US$94.3k), Ciudad de México (US$70.9k), and Estado de México (US$59.5k).
In 2023, the countries with the most international purchases from Mexico were Romania (US$1.43M), United States (US$1.28M), Czech Republic (US$359k), Spain (US$321k), and South Korea (US$42.8k).
International Purchases
#permalink to sectionChihuahua: US$20.5M, State with the Most International Purchases (2023)
United States: US$38.3M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Stainless Steel Wire were Chihuahua (US$20.5M), Ciudad de México (US$12.6M), Tamaulipas (US$7.52M), Guanajuato (US$6.93M), and Coahuila de Zaragoza (US$6.53M).
The countries with the most international sales to Mexico in 2023 were United States (US$38.3M), India (US$10.1M), South Korea (US$6.1M), China (US$5.16M), and Japan (US$3.62M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Stainless Steel Wire and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Stainless Steel Wire. 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- 0.4%, Mexican share in global exports - 2022
- 2.81%, Mexican share in global imports - 2022
The visualizations show the global market for Stainless Steel Wire. 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 Wire were India (US$546M), China (US$452M), and South Korea (US$314M). In the same year, the main importing countries for Stainless Steel Wire were Germany (US$395M), United States (US$343M), and Italy (US$199M).