ProceduresGovernment

Intermediate Products of Iron or Non-Alloy Steel

Código 7207 (Harmonized System 2012 by 4 digits)

 2023: US$5.34B, Total Trade Exchange

2023: US$638M, International Sales

  2023: US$4.7B, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Intermediate Products of Iron or Non-Alloy Steel was US$5.34B.

In 2022, the states with the most international sales in Intermediate Products of Iron or Non-Alloy Steel were Nuevo León (US$107M).

The states with the most international purchases in 2023 were Nuevo León (US$4.22B), San Luis Potosí (US$275M), Ciudad de México (US$15.5M), Jalisco (US$104k), and Sonora (US$19.3k).

In 2022, the main commercial destinations of Intermediate Products of Iron or Non-Alloy Steel were Colombia (US$60.2M), United States (US$31.6M), Dominican Republic (US$8.96M), Costa Rica (US$5.06M), and Uruguay (US$750k).

The main commercial origins of Intermediate Products of Iron or Non-Alloy Steel in 2023 were Brazil (US$3.08B), Russia (US$728M), Vietnam (US$389M), Indonesia (US$88.3M), and Germany (US$52.5M).

In the global context, the main exporting countries of Intermediate Products of Iron or Non-Alloy Steel in 2022 were Russia (US$8.51B), Oman (US$3.47B), and Brazil (US$3.43B). In the same year, the main importing countries of Intermediate Products of Iron or Non-Alloy Steel were United States (US$3.08B), Turkey (US$2.86B), and China (US$2.48B).

Trade Balance of Mexico

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Net Trade Balance

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US$5.34B, Total Trade Exchange (2023)

In 2023, the total trade exchange of Intermediate Products of Iron or Non-Alloy Steel in Mexico (including international purchases and sales) was US$5.34B.

The visualizations show the net balance of Intermediate Products of Iron or Non-Alloy Steel 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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February, 2024

  • US$347M, International Purchases
  • US$39.6M, International Sales

In February 2024, international sales of Intermediate Products of Iron or Non-Alloy Steel were US$39.6M, while international purchases reached US$347M. The above results in a trade balance of -US$308M.

Exchange by Territory

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International Sales

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Nuevo León: US$107M, State with the Most International Sales (2022)

Colombia: US$60.2M, Main commercial destination (2022)

In 2022, the states with the highest international sales in Intermediate Products of Iron or Non-Alloy Steel were Nuevo León (US$107M).

In 2022, the countries with the most international purchases from Mexico were Colombia (US$60.2M), United States (US$31.6M), Dominican Republic (US$8.96M), Costa Rica (US$5.06M), and Uruguay (US$750k).

International Purchases

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Nuevo León: US$4.22B, State with the Most International Purchases (2023)

Brazil: US$3.08B, Main Commercial Origin (2023)

In 2023, the states with the highest international in Intermediate Products of Iron or Non-Alloy Steel were Nuevo León (US$4.22B), San Luis Potosí (US$275M), Ciudad de México (US$15.5M), Jalisco (US$104k), and Sonora (US$19.3k).

The countries with the most international sales to Mexico in 2023 were Brazil (US$3.08B), Russia (US$728M), Vietnam (US$389M), Indonesia (US$88.3M), and Germany (US$52.5M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Intermediate Products of Iron or Non-Alloy Steel  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Intermediate Products of Iron or Non-Alloy Steel. 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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  • 3.05%, Mexican share in global exports - 2022
  • 1.97%, Mexican share in global imports - 2022

The visualizations show the global market for Intermediate Products of Iron or Non-Alloy Steel. 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 Intermediate Products of Iron or Non-Alloy Steel were Russia (US$8.51B), Oman (US$3.47B), and Brazil (US$3.43B). In the same year, the main importing countries for Intermediate Products of Iron or Non-Alloy Steel were United States (US$3.08B), Turkey (US$2.86B), and China (US$2.48B).