Wire of other Alloy Steels
Código 7227 (Harmonized System 2012 by 4 digits)
2023: US$70.9M, Total Trade Exchange
2023: US$3.75M, International Sales
2023: US$67.1M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Wire of other Alloy Steels was US$70.9M.
In 2022, the states with the most international sales in Wire of other Alloy Steels were Nuevo León (US$38.3M) and Guanajuato (US$451k).
The states with the most international purchases in 2023 were Coahuila de Zaragoza (US$25.4M), Ciudad de México (US$19.6M), Guanajuato (US$7.63M), Nuevo León (US$6.66M), and Estado de México (US$1.45M).
In 2022, the main commercial destinations of Wire of other Alloy Steels were Colombia (US$21.3M), United States (US$9.91M), Guatemala (US$4.44M), Dominican Republic (US$1.41M), and Costa Rica (US$1.23M).
The main commercial origins of Wire of other Alloy Steels in 2023 were Japan (US$18.4M), Germany (US$18.2M), Spain (US$12.8M), Italy (US$4.01M), and Brazil (US$2.65M).
In the global context, the main exporting countries of Wire of other Alloy Steels in 2022 were China (US$1.02B), Japan (US$658M), and Germany (US$617M). In the same year, the main importing countries of Wire of other Alloy Steels were United States (US$607M), Germany (US$436M), and Thailand (US$396M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$70.9M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Wire of other Alloy Steels in Mexico (including international purchases and sales) was US$70.9M.
The visualizations show the net balance of Wire of other Alloy Steels 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$10.9M, International Purchases
In July 2024, international sales of Wire of other Alloy Steels were US$0, while international purchases reached US$10.9M. The above results in a trade balance of -US$10.9M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$38.3M, State with the Most International Sales (2022)
Colombia: US$21.3M, Main commercial destination (2022)
In 2022, the states with the highest international sales in Wire of other Alloy Steels were Nuevo León (US$38.3M) and Guanajuato (US$451k).
In 2022, the countries with the most international purchases from Mexico were Colombia (US$21.3M), United States (US$9.91M), Guatemala (US$4.44M), Dominican Republic (US$1.41M), and Costa Rica (US$1.23M).
International Purchases
#permalink to sectionCoahuila de Zaragoza: US$25.4M, State with the Most International Purchases (2023)
Japan: US$18.4M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Wire of other Alloy Steels were Coahuila de Zaragoza (US$25.4M), Ciudad de México (US$19.6M), Guanajuato (US$7.63M), Nuevo León (US$6.66M), and Estado de México (US$1.45M).
The countries with the most international sales to Mexico in 2023 were Japan (US$18.4M), Germany (US$18.2M), Spain (US$12.8M), Italy (US$4.01M), and Brazil (US$2.65M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Wire of other Alloy Steels 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 Steels. 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- 0.81%, Mexican share in global exports - 2022
- 1.68%, Mexican share in global imports - 2022
The visualizations show the global market for Wire of other Alloy Steels. 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 Steels were China (US$1.02B), Japan (US$658M), and Germany (US$617M). In the same year, the main importing countries for Wire of other Alloy Steels were United States (US$607M), Germany (US$436M), and Thailand (US$396M).