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
#permalink to sectionNet Trade Balance
#permalink to sectionUS$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
#permalink to sectionMarch, 2024
- US$329M, International Purchases
- US$11.5M, International Sales
In March 2024, international sales of Intermediate Products of Iron or Non-Alloy Steel were US$11.5M, while international purchases reached US$329M. The above results in a trade balance of -US$317M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo 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
#permalink to sectionNuevo 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
#permalink to sectionSpecialization by State
#permalink to sectionThe 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 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).