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Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like

Código 7203 (Harmonized System 2012 by 4 digits)

 2023: US$153M, Total Trade Exchange

2023: US$3.3M, International Sales

  2023: US$149M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like was US$153M.

In 2023, the states with the most international sales in Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like were Nuevo León (US$3.3M).

The states with the most international purchases in 2020 were Nuevo León (US$2.33M).

In 2023, the main commercial destinations of Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like were Barbados (US$3.3M), United States (US$3.9k), and Italy (US$50).

The main commercial origins of Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like in 2020 were Venezuela (US$1.18M) and United States (US$1.14M).

In the global context, the main exporting countries of Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like in 2022 were Russia (US$1.27B), Trinidad and Tobago (US$862M), and Qatar (US$630M). In the same year, the main importing countries of Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like were United States (US$880M), Kuwait (US$803M), and Italy (US$413M).

Trade Balance of Mexico

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Net Trade Balance

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US$153M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like in Mexico (including international purchases and sales) was US$153M.

The visualizations show the net balance of Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like 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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April, 2024: US$54M, International Purchases

In April 2024, international sales of Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like were US$0, while international purchases reached US$54M. The above results in a trade balance of -US$54M.

Exchange by Territory

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International Sales

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Nuevo León: US$3.3M, State with the Most International Sales (2023)

Barbados: US$3.3M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like were Nuevo León (US$3.3M).

In 2023, the countries with the most international purchases from Mexico were Barbados (US$3.3M), United States (US$3.9k), and Italy (US$50).

International Purchases

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Nuevo León: US$2.33M, State with the Most International Purchases (2020)

Venezuela: US$1.18M, Main Commercial Origin (2020)

In 2020, the states with the highest international in Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like were Nuevo León (US$2.33M).

The countries with the most international sales to Mexico in 2020 were Venezuela (US$1.18M) and United States (US$1.14M).

Origins and Trade Destinations

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  • 0.0000031%, Mexican share in global exports - 2022
  • 2.22%, Mexican share in global imports - 2022

The visualizations show the global market for Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like. 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 Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like were Russia (US$1.27B), Trinidad and Tobago (US$862M), and Qatar (US$630M). In the same year, the main importing countries for Ferrous Products Obtained by Direct Reduction of Iron Ore and other Spongy Ferrous Products, in Lumps, "Pellets" or Similar Forms; Iron with Superior Purity or Equal to 99.94% by Weight, Chunks, "Pellets" or the Like were United States (US$880M), Kuwait (US$803M), and Italy (US$413M).