Stainless Steel Wire Rod
Código 7221 (Harmonized System 2012 by 4 digits)
2023: US$34.7M, Total Trade Exchange
2023: US$59.3k, International Sales
2023: US$34.6M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Stainless Steel Wire Rod was US$34.7M.
In 2016, the states with the most international sales in Stainless Steel Wire Rod were Nuevo León (US$245k).
The states with the most international purchases in 2023 were Nuevo León (US$7.69M), Ciudad de México (US$847k), and Guanajuato (US$183k).
In 2016, the main commercial destinations of Stainless Steel Wire Rod were India (US$235k) and United States (US$10.6k).
The main commercial origins of Stainless Steel Wire Rod in 2023 were China (US$5.8M), India (US$1.99M), Sweden (US$422k), United States (US$347k), and Taiwan (Republic of China) (US$69.2k).
In the global context, the main exporting countries of Stainless Steel Wire Rod in 2022 were Taiwan (Republic of China) (US$462M), Italy (US$414M), and Japan (US$393M). In the same year, the main importing countries of Stainless Steel Wire Rod were Italy (US$419M), Germany (US$347M), and China (US$303M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$34.7M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Stainless Steel Wire Rod in Mexico (including international purchases and sales) was US$34.7M.
The visualizations show the net balance of Stainless Steel Wire Rod 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$3.03M, International Purchases
In July 2024, international sales of Stainless Steel Wire Rod were US$0, while international purchases reached US$3.03M. The above results in a trade balance of -US$3.03M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$245k, State with the Most International Sales (2016)
India: US$235k, Main commercial destination (2016)
In 2016, the states with the highest international sales in Stainless Steel Wire Rod were Nuevo León (US$245k).
In 2016, the countries with the most international purchases from Mexico were India (US$235k) and United States (US$10.6k).
International Purchases
#permalink to sectionNuevo León: US$7.69M, State with the Most International Purchases (2023)
China: US$5.8M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Stainless Steel Wire Rod were Nuevo León (US$7.69M), Ciudad de México (US$847k), and Guanajuato (US$183k).
The countries with the most international sales to Mexico in 2023 were China (US$5.8M), India (US$1.99M), Sweden (US$422k), United States (US$347k), and Taiwan (Republic of China) (US$69.2k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Stainless Steel Wire Rod and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Stainless Steel Wire Rod. 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- 0.000027%, Mexican share in global exports - 2022
- 1.78%, Mexican share in global imports - 2022
The visualizations show the global market for Stainless Steel Wire Rod. 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 Rod were Taiwan (Republic of China) (US$462M), Italy (US$414M), and Japan (US$393M). In the same year, the main importing countries for Stainless Steel Wire Rod were Italy (US$419M), Germany (US$347M), and China (US$303M).