ProceduresGovernment

Ferrovanadium

Código 720292 (Harmonized System 2012 by 6 digits)

 2024: US$12M, Total Trade Exchange

2024: US$663k, International Sales

  2024: US$11.4M, International Purchases

In 2024, the trade exchange (includes international purchases and sales) of Ferrovanadium was US$12M.

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 2024 were Estado de México (US$3.47M) and Nuevo León (US$2.8M).

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 2024 were Czech Republic (US$3.7M), China (US$1.7M), Canada (US$523k), Armenia (US$238k), and Germany (US$49.3k).

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

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Net Trade Balance

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US$12M, Total Trade Exchange (2024)

In 2024, the total trade exchange of Ferrovanadium in Mexico (including international purchases and sales) was US$12M.

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

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March, 2025: US$660k, International Purchases

In March 2025, international sales of Ferrovanadium were US$0, while international purchases reached US$660k. The above results in a trade balance of -US$660k.

Exchange by Territory

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International Sales

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Ciudad 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

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Estado de México: US$3.47M, State with the Most International Purchases (2024)

Czech Republic: US$3.7M, Main Commercial Origin (2024)

In 2024, the states with the highest international in Ferrovanadium were Estado de México (US$3.47M) and Nuevo León (US$2.8M).

The countries with the most international sales to Mexico in 2024 were Czech Republic (US$3.7M), China (US$1.7M), Canada (US$523k), Armenia (US$238k), and Germany (US$49.3k).

Specialization

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Specialization by State

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The 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.

Origins and Trade Destinations

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  • 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).