Wire of other Alloy Steel
Código 7229 (Harmonized System 2012 by 4 digits)
2023: US$199M, Total Trade Exchange
2023: US$65.5M, International Sales
2023: US$134M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Wire of other Alloy Steel was US$199M.
In 2023, the states with the most international sales in Wire of other Alloy Steel were Nuevo León (US$52.6M), Coahuila de Zaragoza (US$7.79M), Guanajuato (US$1.05M), Querétaro (US$638k), and Ciudad de México (US$197k).
The states with the most international purchases in 2023 were Coahuila de Zaragoza (US$23.5M), Guanajuato (US$21.4M), Querétaro (US$20.3M), Nuevo León (US$18.9M), and Ciudad de México (US$14.3M).
In 2023, the main commercial destinations of Wire of other Alloy Steel were United States (US$59.9M), Canada (US$1.16M), Brazil (US$736k), Chile (US$140k), and Puerto Rico (US$124k).
The main commercial origins of Wire of other Alloy Steel in 2023 were United States (US$43.2M), South Korea (US$25M), Japan (US$21.6M), Vietnam (US$9.82M), and Germany (US$7.02M).
In the global context, the main exporting countries of Wire of other Alloy Steel in 2022 were China (US$609M), Turkey (US$308M), and Japan (US$307M). In the same year, the main importing countries of Wire of other Alloy Steel were Germany (US$367M), United States (US$354M), and Poland (US$248M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$199M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Wire of other Alloy Steel in Mexico (including international purchases and sales) was US$199M.
The visualizations show the net balance of Wire of other Alloy Steel 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$6.65M, International Purchases
- US$4.26M, International Sales
In July 2024, international sales of Wire of other Alloy Steel were US$4.26M, while international purchases reached US$6.65M. The above results in a trade balance of -US$2.39M.
Market Concentration
#permalink to section2024-Q3: US$2.82M, International Sales
The visualization shows the quarterly concentration of international sales of Wire of other Alloy Steel at state level.
In the third quarter of 2024, international sales were US$2.82M, being the states with the most sales Nuevo León (US$2.73M) and Ciudad de México (US$86.4k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$52.6M, State with the Most International Sales (2023)
United States: US$59.9M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Wire of other Alloy Steel were Nuevo León (US$52.6M), Coahuila de Zaragoza (US$7.79M), Guanajuato (US$1.05M), Querétaro (US$638k), and Ciudad de México (US$197k).
In 2023, the countries with the most international purchases from Mexico were United States (US$59.9M), Canada (US$1.16M), Brazil (US$736k), Chile (US$140k), and Puerto Rico (US$124k).
International Purchases
#permalink to sectionCoahuila de Zaragoza: US$23.5M, State with the Most International Purchases (2023)
United States: US$43.2M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Wire of other Alloy Steel were Coahuila de Zaragoza (US$23.5M), Guanajuato (US$21.4M), Querétaro (US$20.3M), Nuevo León (US$18.9M), and Ciudad de México (US$14.3M).
The countries with the most international sales to Mexico in 2023 were United States (US$43.2M), South Korea (US$25M), Japan (US$21.6M), Vietnam (US$9.82M), and Germany (US$7.02M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Wire of other Alloy Steel and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Wire of other Alloy Steel. 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- 1.4%, Mexican share in global exports - 2022
- 2.94%, Mexican share in global imports - 2022
The visualizations show the global market for Wire of other Alloy Steel. 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 other Alloy Steel were China (US$609M), Turkey (US$308M), and Japan (US$307M). In the same year, the main importing countries for Wire of other Alloy Steel were Germany (US$367M), United States (US$354M), and Poland (US$248M).