Flat-Rolled Products of Iron or Non-Alloy
Código 7208 (Harmonized System 2012 by 4 digits)
2023: US$3.51B, Total Trade Exchange
2023: US$312M, International Sales
2023: US$3.2B, International Purchases
In 2023, the trade exchange (includes international purchases and sales) of Flat-Rolled Products of Iron or Non-Alloy was US$3.51B.
In 2023, the states with the most international sales in Flat-Rolled Products of Iron or Non-Alloy were Nuevo León (US$287M), San Luis Potosí (US$13.8M), Estado de México (US$2.74M), Sonora (US$2.52M), and Ciudad de México (US$1.75M).
The states with the most international purchases in 2023 were Nuevo León (US$1.21B), Guanajuato (US$389M), Ciudad de México (US$307M), Hidalgo (US$275M), and Coahuila de Zaragoza (US$266M).
In 2023, the main commercial destinations of Flat-Rolled Products of Iron or Non-Alloy were United States (US$301M), Guatemala (US$8.25M), Honduras (US$653k), Panama (US$433k), and El Salvador (US$324k).
The main commercial origins of Flat-Rolled Products of Iron or Non-Alloy in 2023 were United States (US$1.48B), Japan (US$506M), China (US$399M), South Korea (US$294M), and Vietnam (US$83.6M).
In the global context, the main exporting countries of Flat-Rolled Products of Iron or Non-Alloy in 2022 were Japan (US$11.7B), China (US$11.1B), and South Korea (US$6.87B). In the same year, the main importing countries of Flat-Rolled Products of Iron or Non-Alloy were Italy (US$5.64B), Vietnam (US$5.57B), and United States (US$4.08B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.51B, Total Trade Exchange (2023)
In 2023, the total trade exchange of Flat-Rolled Products of Iron or Non-Alloy in Mexico (including international purchases and sales) was US$3.51B.
The visualizations show the net balance of Flat-Rolled Products of Iron or Non-Alloy 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$270M, International Purchases
- US$11.7M, International Sales
In March 2024, international sales of Flat-Rolled Products of Iron or Non-Alloy were US$11.7M, while international purchases reached US$270M. The above results in a trade balance of -US$258M.
Market Concentration
#permalink to section2024-Q2: US$11.5M, International Sales
The visualization shows the quarterly concentration of international sales of Flat-Rolled Products of Iron or Non-Alloy at state level.
In the second quarter of 2024, international sales were US$11.5M, being the states with the most sales Nuevo León (US$11.3M), Ciudad de México (US$147k), and Coahuila de Zaragoza (US$76.1k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$287M, State with the Most International Sales (2023)
United States: US$301M, Main commercial destination (2023)
In 2023, the states with the highest international sales in Flat-Rolled Products of Iron or Non-Alloy were Nuevo León (US$287M), San Luis Potosí (US$13.8M), Estado de México (US$2.74M), Sonora (US$2.52M), and Ciudad de México (US$1.75M).
In 2023, the countries with the most international purchases from Mexico were United States (US$301M), Guatemala (US$8.25M), Honduras (US$653k), Panama (US$433k), and El Salvador (US$324k).
International Purchases
#permalink to sectionNuevo León: US$1.21B, State with the Most International Purchases (2023)
United States: US$1.48B, Main Commercial Origin (2023)
In 2023, the states with the highest international in Flat-Rolled Products of Iron or Non-Alloy were Nuevo León (US$1.21B), Guanajuato (US$389M), Ciudad de México (US$307M), Hidalgo (US$275M), and Coahuila de Zaragoza (US$266M).
The countries with the most international sales to Mexico in 2023 were United States (US$1.48B), Japan (US$506M), China (US$399M), South Korea (US$294M), and Vietnam (US$83.6M).
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 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. 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- 1.08%, Mexican share in global exports - 2022
- 2.74%, Mexican share in global imports - 2022
The visualizations show the global market for Flat-Rolled Products of Iron or Non-Alloy. 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 were Japan (US$11.7B), China (US$11.1B), and South Korea (US$6.87B). In the same year, the main importing countries for Flat-Rolled Products of Iron or Non-Alloy were Italy (US$5.64B), Vietnam (US$5.57B), and United States (US$4.08B).