Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm
Código 7210 (Harmonized System 2012 by 4 digits)
2023: US$3.02B, Total Trade Exchange
2023: US$762M, International Sales
2023: US$2.26B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm was US$3.02B.
In 2023, the states with the most international sales in Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm were Nuevo León (US$604M), Tamaulipas (US$69.2M), Chihuahua (US$41.6M), Estado de México (US$18.2M), and San Luis Potosí (US$10.1M).
The states with the most international purchases in 2023 were Nuevo León (US$484M), Estado de México (US$370M), Ciudad de México (US$369M), Baja California (US$257M), and Guanajuato (US$174M).
In 2023, the main commercial destinations of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm were United States (US$677M), Guatemala (US$30.8M), Argentina (US$19.2M), Puerto Rico (US$10.3M), and Belize (US$5.72M).
The main commercial origins of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm in 2023 were United States (US$713M), South Korea (US$427M), Japan (US$395M), China (US$223M), and Vietnam (US$185M).
In the global context, the main exporting countries of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm in 2022 were China (US$17.6B), South Korea (US$7.42B), and Germany (US$4.69B). In the same year, the main importing countries of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm were United States (US$7.09B), Germany (US$4.31B), and Poland (US$3.1B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.02B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm in Mexico (including international purchases and sales) was US$3.02B.
The visualizations show the net balance of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm 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, 2024
- US$230M, International Purchases
- US$84.1M, International Sales
In March 2024, international sales of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm were US$84.1M, while international purchases reached US$230M. The above results in a trade balance of -US$146M.
Market Concentration
#permalink to section2024-Q2: US$66.7M, International Sales
The visualization shows the quarterly concentration of international sales of Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm at state level.
In the second quarter of 2024, international sales were US$66.7M, being the states with the most sales Nuevo León (US$64.8M), Chihuahua (US$1.14M), and Ciudad de México (US$647k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$604M, State with the Most International Sales (2023)
United States: US$677M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm were Nuevo León (US$604M), Tamaulipas (US$69.2M), Chihuahua (US$41.6M), Estado de México (US$18.2M), and San Luis Potosí (US$10.1M).
In 2023, the countries with the most international purchases from Mexico were United States (US$677M), Guatemala (US$30.8M), Argentina (US$19.2M), Puerto Rico (US$10.3M), and Belize (US$5.72M).
International Purchases
#permalink to sectionNuevo León: US$484M, State with the Most International Purchases (2023)
United States: US$713M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm were Nuevo León (US$484M), Estado de México (US$370M), Ciudad de México (US$369M), Baja California (US$257M), and Guanajuato (US$174M).
The countries with the most international sales to Mexico in 2023 were United States (US$713M), South Korea (US$427M), Japan (US$395M), China (US$223M), and Vietnam (US$185M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm. 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- 1.68%, Mexican share in global exports - 2022
- 3.7%, Mexican share in global imports - 2022
The visualizations show the global market for Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm. 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 Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm were China (US$17.6B), South Korea (US$7.42B), and Germany (US$4.69B). In the same year, the main importing countries for Flat-Rolled Products of Iron or Non-Alloy Steel of a Width Exceeding 600 Mm were United States (US$7.09B), Germany (US$4.31B), and Poland (US$3.1B).