ProceduresGovernment

Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods)

Código 721730 (Harmonized System 2012 by 6 digits)

 2023: US$62M, Total Trade Exchange

2023: US$5.1M, International Sales

  2023: US$56.9M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) was US$62M.

In 2023, the states with the most international sales in Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were Nuevo León (US$562k), Sonora (US$210k), and Tamaulipas (US$2.26k).

The states with the most international purchases in 2023 were Ciudad de México (US$26.7M), Querétaro (US$7.31M), Guanajuato (US$6.88M), Nuevo León (US$4.34M), and Coahuila de Zaragoza (US$3.33M).

In 2023, the main commercial destinations of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were United States (US$767k), Argentina (US$2.43k), Costa Rica (US$964), Chile (US$924), and Guatemala (US$820).

The main commercial origins of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) in 2023 were China (US$28.2M), South Korea (US$6.91M), United States (US$5.81M), Germany (US$4.66M), and Spain (US$2.84M).

In the global context, the main exporting countries of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) in 2022 were China (US$599M), South Korea (US$169M), and Slovakia (US$131M). In the same year, the main importing countries of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were Thailand (US$159M), Romania (US$143M), and Turkey (US$115M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$62M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) in Mexico (including international purchases and sales) was US$62M.

The visualizations show the net balance of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and 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 section

July, 2024

  • US$6.7M, International Purchases
  • US$468k, International Sales

In July 2024, international sales of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were US$468k, while international purchases reached US$6.7M. The above results in a trade balance of -US$6.23M.

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Nuevo León: US$562k, State with the Most International Sales (2023)

United States: US$767k, Main commercial destination (2023)

In 2023, the states with the highest international sales in Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were Nuevo León (US$562k), Sonora (US$210k), and Tamaulipas (US$2.26k).

In 2023, the countries with the most international purchases from Mexico were United States (US$767k), Argentina (US$2.43k), Costa Rica (US$964), Chile (US$924), and Guatemala (US$820).

International Purchases

#permalink to section

Ciudad de México: US$26.7M, State with the Most International Purchases (2023)

China: US$28.2M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were Ciudad de México (US$26.7M), Querétaro (US$7.31M), Guanajuato (US$6.88M), Nuevo León (US$4.34M), and Coahuila de Zaragoza (US$3.33M).

The countries with the most international sales to Mexico in 2023 were China (US$28.2M), South Korea (US$6.91M), United States (US$5.81M), Germany (US$4.66M), and Spain (US$2.84M).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods)  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and 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.

Origins and Trade Destinations

#permalink to section

  • 0.25%, Mexican share in global exports - 2022
  • 4%, Mexican share in global imports - 2022

The visualizations show the global market for Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and 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 Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were China (US$599M), South Korea (US$169M), and Slovakia (US$131M). In the same year, the main importing countries for Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were Thailand (US$159M), Romania (US$143M), and Turkey (US$115M).