Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated
Código 7312 (Harmonized System 2012 by 4 digits)
2023: US$223M, Total Trade Exchange
2023: US$76.2M, International Sales
2023: US$147M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated was US$223M.
In 2023, the states with the most international sales in Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated were Querétaro (US$29.3M), Nuevo León (US$19.5M), Ciudad de México (US$18.1M), Sonora (US$2.95M), and Jalisco (US$2.28M).
The states with the most international purchases in 2023 were Ciudad de México (US$30.7M), Querétaro (US$16.5M), Guanajuato (US$13.5M), San Luis Potosí (US$13.2M), and Tamaulipas (US$12.9M).
In 2023, the main commercial destinations of Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated were United States (US$70.2M), Peru (US$997k), Colombia (US$880k), Brazil (US$600k), and Puerto Rico (US$561k).
The main commercial origins of Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated in 2023 were China (US$39.9M), United States (US$33M), South Korea (US$17M), Indonesia (US$8.29M), and Germany (US$7.85M).
In the global context, the main exporting countries of Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated in 2022 were China (US$2.85B), South Korea (US$595M), and Vietnam (US$539M). In the same year, the main importing countries of Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated were United States (US$1.64B), Germany (US$427M), and South Korea (US$305M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$223M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated in Mexico (including international purchases and sales) was US$223M.
The visualizations show the net balance of Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated 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$11.8M, International Purchases
- US$7.23M, International Sales
In July 2024, international sales of Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated were US$7.23M, while international purchases reached US$11.8M. The above results in a trade balance of -US$4.6M.
Market Concentration
#permalink to section2024-Q3: US$7.11M, International Sales
The visualization shows the quarterly concentration of international sales of Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated at state level.
In the third quarter of 2024, international sales were US$7.11M, being the states with the most sales Nuevo León (US$2.63M), Querétaro (US$1.89M), and Ciudad de México (US$1.6M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionQuerétaro: US$29.3M, State with the Most International Sales (2023)
United States: US$70.2M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated were Querétaro (US$29.3M), Nuevo León (US$19.5M), Ciudad de México (US$18.1M), Sonora (US$2.95M), and Jalisco (US$2.28M).
In 2023, the countries with the most international purchases from Mexico were United States (US$70.2M), Peru (US$997k), Colombia (US$880k), Brazil (US$600k), and Puerto Rico (US$561k).
International Purchases
#permalink to sectionCiudad de México: US$30.7M, State with the Most International Purchases (2023)
China: US$39.9M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated were Ciudad de México (US$30.7M), Querétaro (US$16.5M), Guanajuato (US$13.5M), San Luis Potosí (US$13.2M), and Tamaulipas (US$12.9M).
The countries with the most international sales to Mexico in 2023 were China (US$39.9M), United States (US$33M), South Korea (US$17M), Indonesia (US$8.29M), and Germany (US$7.85M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated. 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- 1.24%, Mexican share in global exports - 2022
- 1.76%, Mexican share in global imports - 2022
The visualizations show the global market for Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated. 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 Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated were China (US$2.85B), South Korea (US$595M), and Vietnam (US$539M). In the same year, the main importing countries for Wires, Ropes and Similar Articles, of Iron or Steel, not Electrically Insulated were United States (US$1.64B), Germany (US$427M), and South Korea (US$305M).