ProceduresGovernment

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

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Net Trade Balance

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US$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

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January, 2024

  • US$247M, International Purchases
  • US$28.2M, International Sales

In January 2024, international sales of Flat-Rolled Products of Iron or Non-Alloy were US$28.2M, while international purchases reached US$247M. The above results in a trade balance of -US$219M.

Market Concentration

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2024-Q1: US$53.4M, 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 first quarter of 2024, international sales were US$53.4M, being the states with the most sales Nuevo León (US$52.6M), Ciudad de México (US$530k), and Estado de México (US$274k).

Exchange by Territory

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International Sales

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Nuevo 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

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Nuevo 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

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Specialization by State

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The 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.

Origins and Trade Destinations

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  • 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).