ProceduresGovernment

Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight

Código 720110 (Harmonized System 2012 by 6 digits)

 2023: US$75.7M, Total Trade Exchange

2023: US$19.2k, International Sales

  2023: US$75.7M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight was US$75.7M.

The states with the most international purchases in 2023 were Nuevo León (US$34.3M), Ciudad de México (US$727k), and Estado de México (US$457k).

The main commercial origins of Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight in 2023 were Brazil (US$32.8M), United States (US$1.59M), China (US$372k), Germany (US$311k), and South Africa (US$244k).

In the global context, the main exporting countries of Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight in 2022 were Brazil (US$2.33B), Russia (US$1.79B), and Ukraine (US$688M). In the same year, the main importing countries of Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight were United States (US$2.93B), Italy (US$719M), and Turkey (US$686M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$75.7M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight in Mexico (including international purchases and sales) was US$75.7M.

The visualizations show the net balance of Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight 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 section

November, 2024: US$305k, International Purchases

In November 2024, international sales of Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight were US$0, while international purchases reached US$305k. The above results in a trade balance of -US$305k.

Exchange by Territory

#permalink to section

International Purchases

#permalink to section

Nuevo León: US$34.3M, State with the Most International Purchases (2023)

Brazil: US$32.8M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight were Nuevo León (US$34.3M), Ciudad de México (US$727k), and Estado de México (US$457k).

The countries with the most international sales to Mexico in 2023 were Brazil (US$32.8M), United States (US$1.59M), China (US$372k), Germany (US$311k), and South Africa (US$244k).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight. 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.

Origins and Trade Destinations

#permalink to section

  • 0.0003%, Mexican share in global exports - 2022
  • 1.62%, Mexican share in global imports - 2022

The visualizations show the global market for Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight. 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 Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight were Brazil (US$2.33B), Russia (US$1.79B), and Ukraine (US$688M). In the same year, the main importing countries for Pig Iron in Ingots, Blocks or other Primary Forms, Nonalloy with a Phosphorus Content of <= 0.5% by Weight were United States (US$2.93B), Italy (US$719M), and Turkey (US$686M).