ProceduresGovernment

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 section

Net Trade Balance

#permalink to section

US$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 section

July, 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 section

International Sales

#permalink to section
Year

Nuevo 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 section

Nuevo 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 section

Specialization by State

#permalink to section

The 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.

Origins 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).