ProceduresGovernment

Stainless Steel Wire Rod, Rolled in Spiers Irregulars "Coronas"

Código 722100 (Harmonized System 2012 by 6 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, Rolled in Spiers Irregulars "Coronas" was US$34.7M.

In 2016, the states with the most international sales in Stainless Steel Wire Rod, Rolled in Spiers Irregulars "Coronas" 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, Rolled in Spiers Irregulars "Coronas" were India (US$235k) and United States (US$10.6k).

The main commercial origins of Stainless Steel Wire Rod, Rolled in Spiers Irregulars "Coronas" 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, Rolled in Spiers Irregulars "Coronas" 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, Rolled in Spiers Irregulars "Coronas" were Italy (US$419M), Germany (US$347M), and China (US$303M).

Trade Balance of Mexico

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Net Trade Balance

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US$34.7M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Stainless Steel Wire Rod, Rolled in Spiers Irregulars "Coronas" in Mexico (including international purchases and sales) was US$34.7M.

The visualizations show the net balance of Stainless Steel Wire Rod, Rolled in Spiers Irregulars "Coronas" 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

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July, 2024: US$3.03M, International Purchases

In July 2024, international sales of Stainless Steel Wire Rod, Rolled in Spiers Irregulars "Coronas" were US$0, while international purchases reached US$3.03M. The above results in a trade balance of -US$3.03M.

Exchange by Territory

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International Sales

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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, Rolled in Spiers Irregulars "Coronas" 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

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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, Rolled in Spiers Irregulars "Coronas" 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

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Stainless Steel Wire Rod, Rolled in Spiers Irregulars "Coronas"  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, Rolled in Spiers Irregulars "Coronas". 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

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  • 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, Rolled in Spiers Irregulars "Coronas". 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, Rolled in Spiers Irregulars "Coronas" 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, Rolled in Spiers Irregulars "Coronas" were Italy (US$419M), Germany (US$347M), and China (US$303M).