Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel
Código 7307 (Harmonized System 2012 by 4 digits)
2023: US$1.11B, Total Trade Exchange
2023: US$333M, International Sales
2023: US$777M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel was US$1.11B.
In 2023, the states with the most international sales in Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel were Veracruz de Ignacio de la Llave (US$98.5M), Ciudad de México (US$60.5M), Nuevo León (US$57.4M), Chihuahua (US$34.4M), and Baja California (US$25.2M).
The states with the most international purchases in 2023 were Nuevo León (US$163M), Ciudad de México (US$91.5M), Chihuahua (US$72M), Baja California (US$58.9M), and Coahuila de Zaragoza (US$57M).
In 2023, the main commercial destinations of Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel were United States (US$292M), Canada (US$18M), Brazil (US$4.54M), Saudi Arabia (US$2.54M), and Norway (US$2.21M).
The main commercial origins of Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel in 2023 were United States (US$351M), China (US$190M), India (US$36.2M), Italy (US$30.5M), and South Korea (US$26.1M).
In the global context, the main exporting countries of Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel in 2022 were China (US$6.45B), United States (US$2.06B), and Italy (US$2.05B). In the same year, the main importing countries of Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel were United States (US$3.44B), Germany (US$1.8B), and Canada (US$1.09B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$1.11B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel in Mexico (including international purchases and sales) was US$1.11B.
The visualizations show the net balance of Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or 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$61.5M, International Purchases
- US$28.4M, International Sales
In July 2024, international sales of Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel were US$28.4M, while international purchases reached US$61.5M. The above results in a trade balance of -US$33.2M.
Market Concentration
#permalink to section2024-Q3: US$28.3M, International Sales
The visualization shows the quarterly concentration of international sales of Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel at state level.
In the third quarter of 2024, international sales were US$28.3M, being the states with the most sales Veracruz de Ignacio de la Llave (US$9.33M), Nuevo León (US$4.93M), and Ciudad de México (US$4.73M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionVeracruz de Ignacio de la Llave: US$98.5M, State with the Most International Sales (2023)
United States: US$292M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel were Veracruz de Ignacio de la Llave (US$98.5M), Ciudad de México (US$60.5M), Nuevo León (US$57.4M), Chihuahua (US$34.4M), and Baja California (US$25.2M).
In 2023, the countries with the most international purchases from Mexico were United States (US$292M), Canada (US$18M), Brazil (US$4.54M), Saudi Arabia (US$2.54M), and Norway (US$2.21M).
International Purchases
#permalink to sectionNuevo León: US$163M, State with the Most International Purchases (2023)
United States: US$351M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel were Nuevo León (US$163M), Ciudad de México (US$91.5M), Chihuahua (US$72M), Baja California (US$58.9M), and Coahuila de Zaragoza (US$57M).
The countries with the most international sales to Mexico in 2023 were United States (US$351M), China (US$190M), India (US$36.2M), Italy (US$30.5M), and South Korea (US$26.1M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or 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- 1.2%, Mexican share in global exports - 2022
- 2.86%, Mexican share in global imports - 2022
The visualizations show the global market for Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or 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 Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel were China (US$6.45B), United States (US$2.06B), and Italy (US$2.05B). In the same year, the main importing countries for Pipe Fittings (For Example Couplings (Fittings), Elbows, Sleeves), of Iron or Steel were United States (US$3.44B), Germany (US$1.8B), and Canada (US$1.09B).