ProceduresGovernment

Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires)

Código 760511 (Harmonized System 2012 by 6 digits)

 2023: US$19.6M, Total Trade Exchange

2023: US$1.41M, International Sales

  2023: US$18.2M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) was US$19.6M.

In 2023, the states with the most international sales in Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) were Nuevo León (US$1.02M).

The states with the most international purchases in 2023 were Nuevo León (US$6.91M), Querétaro (US$3.13M), Tamaulipas (US$2.73M), Ciudad de México (US$1.48M), and Coahuila de Zaragoza (US$369k).

In 2023, the main commercial destinations of Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) were United States (US$408k), Colombia (US$386k), and Canada (US$228k).

The main commercial origins of Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) in 2023 were United States (US$5.26M), Russia (US$2.28M), India (US$2.18M), Oman (US$1.93M), and Canada (US$1.22M).

In the global context, the main exporting countries of Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) in 2022 were Bahrain (US$611M), Canada (US$500M), and Russia (US$400M). In the same year, the main importing countries of Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) were United States (US$758M), Netherlands (US$323M), and Saudi Arabia (US$279M).

Trade Balance of Mexico

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Net Trade Balance

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US$19.6M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) in Mexico (including international purchases and sales) was US$19.6M.

The visualizations show the net balance of Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) 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$2.43M, International Purchases

In July 2024, international sales of Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) were US$0, while international purchases reached US$2.43M. The above results in a trade balance of -US$2.43M.

Exchange by Territory

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International Sales

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Nuevo León: US$1.02M, State with the Most International Sales (2023)

United States: US$408k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) were Nuevo León (US$1.02M).

In 2023, the countries with the most international purchases from Mexico were United States (US$408k), Colombia (US$386k), and Canada (US$228k).

International Purchases

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Nuevo León: US$6.91M, State with the Most International Purchases (2023)

United States: US$5.26M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) were Nuevo León (US$6.91M), Querétaro (US$3.13M), Tamaulipas (US$2.73M), Ciudad de México (US$1.48M), and Coahuila de Zaragoza (US$369k).

The countries with the most international sales to Mexico in 2023 were United States (US$5.26M), Russia (US$2.28M), India (US$2.18M), Oman (US$1.93M), and Canada (US$1.22M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires). 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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  • 0.044%, Mexican share in global exports - 2022
  • 1.08%, Mexican share in global imports - 2022

The visualizations show the global market for Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires). 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 Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) were Bahrain (US$611M), Canada (US$500M), and Russia (US$400M). In the same year, the main importing countries for Unalloyed Aluminum Wire, the Largest Dimension of the Cross Section> 7 Mm (Excl. Cables, Plaited Bands and Similar Articles. of Heading 7614, and Electrically Insulated Wires) were United States (US$758M), Netherlands (US$323M), and Saudi Arabia (US$279M).