ProceduresGovernment

Articles of Iron or Steel

Code 73 (Harmonized System 2012 by 2 digits)

 2024: US$20.7B, Total Trade Exchange

2024: US$9.8B, International Sales

  2024: US$10.9B, International Purchases

In 2024, the trade exchange (includes international purchases and sales) of Articles of Iron or Steel was US$20.7B.

In 2024, the states with the most international sales in Articles of Iron or Steel were Nuevo León (US$2.26B), Veracruz de Ignacio de la Llave (US$1.79B), Coahuila de Zaragoza (US$1.54B), Tamaulipas (US$723M), and Ciudad de México (US$620M).

The states with the most international purchases in 2024 were Ciudad de México (US$1.67B), Nuevo León (US$1.55B), Baja California (US$1.14B), Coahuila de Zaragoza (US$894M), and Estado de México (US$797M).

In 2024, the main commercial destinations of Articles of Iron or Steel were United States (US$7.76B), Canada (US$400M), Saudi Arabia (US$261M), Guyana (US$178M), and Colombia (US$114M).

The main commercial origins of Articles of Iron or Steel in 2024 were United States (US$5.45B), China (US$1.98B), Germany (US$574M), Taiwan (Republic of China) (US$414M), and Japan (US$392M).

In the global context, the main exporting countries of Articles of Iron or Steel in 2022 were China (US$109B), Germany (US$33.5B), and United States (US$22B). In the same year, the main importing countries of Articles of Iron or Steel were United States (US$59.9B), Germany (US$31.1B), and France (US$15.7B).

Trade Balance of Mexico

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Net Trade Balance

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US$20.7B, Total Trade Exchange (2024)

In 2024, the total trade exchange of Articles of Iron or Steel in Mexico (including international purchases and sales) was US$20.7B.

The visualizations show the net balance of Articles 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

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March, 2025

  • US$804M, International Sales
  • US$906M, International Purchases

In March 2025, international sales of Articles of Iron or Steel were US$804M and a total of US$906M in international purchases. For this month the net trade balance of Articles of Iron or Steel it was of -US$103M.

Market Concentration

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2025-Q1: US$2.31B, International Sales

The visualization shows the quarterly concentration of international sales of Articles of Iron or Steel at state level.

In the first quarter of 2025, international sales were US$2.31B, being the states with the most sales Nuevo León (US$498M), Veracruz de Ignacio de la Llave (US$461M), and Coahuila de Zaragoza (US$369M).

Exchange by Territory

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International Sales

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Nuevo León: US$2.26B, State with the Most International Sales (2024)

United States: US$7.76B, Main commercial destination (2024)

In 2024, the states with the highest international sales in Articles of Iron or Steel were Nuevo León (US$2.26B), Veracruz de Ignacio de la Llave (US$1.79B), Coahuila de Zaragoza (US$1.54B), Tamaulipas (US$723M), and Ciudad de México (US$620M).

In 2024, the countries with the most international purchases from Mexico were United States (US$7.76B), Canada (US$400M), Saudi Arabia (US$261M), Guyana (US$178M), and Colombia (US$114M).

International Purchases

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Ciudad de México: US$1.67B, State with the Most International Purchases (2024)

United States: US$5.45B, Main Commercial Origin (2024)

In 2024, the states with the highest international in Articles of Iron or Steel were Ciudad de México (US$1.67B), Nuevo León (US$1.55B), Baja California (US$1.14B), Coahuila de Zaragoza (US$894M), and Estado de México (US$797M).

The countries with the most international sales to Mexico in 2024 were United States (US$5.45B), China (US$1.98B), Germany (US$574M), Taiwan (Republic of China) (US$414M), and Japan (US$392M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Articles 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 Articles 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.

Origins and Trade Destinations

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  • 2.37%, Mexican share in global exports - 2022
  • 3.18%, Mexican share in global imports - 2022

The visualizations show the global market for Articles 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 Articles of Iron or Steel were China (US$109B), Germany (US$33.5B), and United States (US$22B). In the same year, the main importing countries for Articles of Iron or Steel were United States (US$59.9B), Germany (US$31.1B), and France (US$15.7B).