Ferrovanadium
Código 720292 (Harmonized System 2012 by 6 digits)
2023: US$15M, Total Trade Exchange
2023: US$683k, International Sales
2023: US$14.4M, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Ferrovanadium was US$15M.
In 2018, the states with the most international sales in Ferrovanadium were Ciudad de México (US$14.9k).
The states with the most international purchases in 2023 were Nuevo León (US$5.38M) and Estado de México (US$2.73M).
In 2018, the main commercial destinations of Ferrovanadium were Colombia (US$14.7k) and United States (US$164).
The main commercial origins of Ferrovanadium in 2023 were China (US$4.44M), Austria (US$1.68M), Czech Republic (US$1.66M), South Africa (US$298k), and France (US$32.1k).
In the global context, the main exporting countries of Ferrovanadium in 2022 were Austria (US$244M), China (US$194M), and Czech Republic (US$186M). In the same year, the main importing countries of Ferrovanadium were United States (US$226M), Germany (US$116M), and Japan (US$103M).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$15M, Total Trade Exchange (2023)
In 2023, the total trade exchange of Ferrovanadium in Mexico (including international purchases and sales) was US$15M.
The visualizations show the net balance of Ferrovanadium 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 sectionOctober, 2024: US$431k, International Purchases
In October 2024, international sales of Ferrovanadium were US$0, while international purchases reached US$431k. The above results in a trade balance of -US$431k.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionCiudad de México: US$14.9k, State with the Most International Sales (2018)
Colombia: US$14.7k, Main commercial destination (2018)
In 2018, the states with the highest international sales in Ferrovanadium were Ciudad de México (US$14.9k).
In 2018, the countries with the most international purchases from Mexico were Colombia (US$14.7k) and United States (US$164).
International Purchases
#permalink to sectionNuevo León: US$5.38M, State with the Most International Purchases (2023)
China: US$4.44M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Ferrovanadium were Nuevo León (US$5.38M) and Estado de México (US$2.73M).
The countries with the most international sales to Mexico in 2023 were China (US$4.44M), Austria (US$1.68M), Czech Republic (US$1.66M), South Africa (US$298k), and France (US$32.1k).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Ferrovanadium and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Ferrovanadium. 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- 0.013%, Mexican share in global exports - 2022
- 1.3%, Mexican share in global imports - 2022
The visualizations show the global market for Ferrovanadium. 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 Ferrovanadium were Austria (US$244M), China (US$194M), and Czech Republic (US$186M). In the same year, the main importing countries for Ferrovanadium were United States (US$226M), Germany (US$116M), and Japan (US$103M).