Stainless Steel Wire, Coils (Excl. Bars and Rods)
Código 722300 (Harmonized System 2012 by 6 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, Coils (Excl. Bars and Rods) was US$123M.
In 2023, the states with the most international sales in Stainless Steel Wire, Coils (Excl. Bars and Rods) were Chihuahua (US$3.21M), Nuevo León (US$2.94M), Baja California (US$744k), Tamaulipas (US$183k), and Coahuila de Zaragoza (US$94.3k).
The states with the most international purchases in 2023 were Baja California (US$22.2M), Chihuahua (US$20.5M), Ciudad de México (US$12.6M), Nuevo León (US$8.86M), and Tamaulipas (US$7.52M).
In 2023, the main commercial destinations of Stainless Steel Wire, Coils (Excl. Bars and Rods) were United States (US$5.14M), Romania (US$1.43M), Czech Republic (US$359k), Spain (US$321k), and Ireland (US$93.3k).
The main commercial origins of Stainless Steel Wire, Coils (Excl. Bars and Rods) in 2023 were United States (US$53M), India (US$12.8M), China (US$7.66M), South Korea (US$6.14M), and Japan (US$3.74M).
In the global context, the main exporting countries of Stainless Steel Wire, Coils (Excl. Bars and Rods) 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, Coils (Excl. Bars and Rods) 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, Coils (Excl. Bars and Rods) in Mexico (including international purchases and sales) was US$123M.
The visualizations show the net balance of Stainless Steel Wire, Coils (Excl. Bars and Rods) 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 sectionNovember, 2024
- US$9.94M, International Purchases
- US$920k, International Sales
In November 2024, international sales of Stainless Steel Wire, Coils (Excl. Bars and Rods) were US$920k, while international purchases reached US$9.94M. The above results in a trade balance of -US$9.02M.
Market Concentration
#permalink to section2024-Q4: US$907k, International Sales
The visualization shows the quarterly concentration of international sales of Stainless Steel Wire, Coils (Excl. Bars and Rods) at state level.
In the fourth quarter of 2024, international sales were US$907k, being the states with the most sales Chihuahua (US$530k), Nuevo León (US$243k), and Baja California (US$111k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionChihuahua: US$3.21M, State with the Most International Sales (2023)
United States: US$5.14M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Stainless Steel Wire, Coils (Excl. Bars and Rods) were Chihuahua (US$3.21M), Nuevo León (US$2.94M), Baja California (US$744k), Tamaulipas (US$183k), and Coahuila de Zaragoza (US$94.3k).
In 2023, the countries with the most international purchases from Mexico were United States (US$5.14M), Romania (US$1.43M), Czech Republic (US$359k), Spain (US$321k), and Ireland (US$93.3k).
International Purchases
#permalink to sectionBaja California: US$22.2M, State with the Most International Purchases (2023)
United States: US$53M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Stainless Steel Wire, Coils (Excl. Bars and Rods) were Baja California (US$22.2M), Chihuahua (US$20.5M), Ciudad de México (US$12.6M), Nuevo León (US$8.86M), and Tamaulipas (US$7.52M).
The countries with the most international sales to Mexico in 2023 were United States (US$53M), India (US$12.8M), China (US$7.66M), South Korea (US$6.14M), and Japan (US$3.74M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Stainless Steel Wire, Coils (Excl. Bars and Rods) and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Stainless Steel Wire, Coils (Excl. Bars and Rods). 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, Coils (Excl. Bars and Rods). 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, Coils (Excl. Bars and Rods) were India (US$546M), China (US$452M), and South Korea (US$314M). In the same year, the main importing countries for Stainless Steel Wire, Coils (Excl. Bars and Rods) were Germany (US$395M), United States (US$343M), and Italy (US$199M).