Ferrotitanium and Ferro-Silico-Titanium
Código 720291 (Harmonized System 2012 by 6 digits)
2024: US$5.6M, Total Trade Exchange
2024: US$534k, International Sales
2024: US$5.07M, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Ferrotitanium and Ferro-Silico-Titanium was US$5.6M.
The states with the most international purchases in 2024 were Nuevo León (US$645k) and Estado de México (US$202k).
The main commercial origins of Ferrotitanium and Ferro-Silico-Titanium in 2024 were Latvia (US$395k), United Kingdom (US$136k), China (US$108k), Spain (US$98.6k), and India (US$65.9k).
In the global context, the main exporting countries of Ferrotitanium and Ferro-Silico-Titanium in 2022 were United Kingdom (US$101M), Netherlands (US$75.7M), and Russia (US$73.7M). In the same year, the main importing countries of Ferrotitanium and Ferro-Silico-Titanium were Japan (US$55.6M), Germany (US$54.9M), and Netherlands (US$47.5M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$5.6M, Total Trade Exchange (2024)
In 2024, the total trade exchange of Ferrotitanium and Ferro-Silico-Titanium in Mexico (including international purchases and sales) was US$5.6M.
The visualizations show the net balance of Ferrotitanium and Ferro-Silico-Titanium 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 sectionMarch, 2025: US$749k, International Purchases
In March 2025, international sales of Ferrotitanium and Ferro-Silico-Titanium were US$0, while international purchases reached US$749k. The above results in a trade balance of -US$749k.
Exchange by Territory
#permalink to sectionInternational Purchases
#permalink to sectionNuevo León: US$645k, State with the Most International Purchases (2024)
Latvia: US$395k, Main Commercial Origin (2024)
In 2024, the states with the highest international in Ferrotitanium and Ferro-Silico-Titanium were Nuevo León (US$645k) and Estado de México (US$202k).
The countries with the most international sales to Mexico in 2024 were Latvia (US$395k), United Kingdom (US$136k), China (US$108k), Spain (US$98.6k), and India (US$65.9k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Ferrotitanium and Ferro-Silico-Titanium and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Ferrotitanium and Ferro-Silico-Titanium. 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- 0.067%, Mexican share in global exports - 2022
- 0.94%, Mexican share in global imports - 2022
The visualizations show the global market for Ferrotitanium and Ferro-Silico-Titanium. 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 Ferrotitanium and Ferro-Silico-Titanium were United Kingdom (US$101M), Netherlands (US$75.7M), and Russia (US$73.7M). In the same year, the main importing countries for Ferrotitanium and Ferro-Silico-Titanium were Japan (US$55.6M), Germany (US$54.9M), and Netherlands (US$47.5M).