ProceduresGovernment

Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight

Código 2821 (Harmonized System 2012 by 4 digits)

 2024: US$31.2M, Total Trade Exchange

2024: US$430k, International Sales

  2024: US$30.8M, International Purchases

In 2024, the trade exchange (includes international purchases and sales) of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight was US$31.2M.

In 2024, the states with the most international sales in Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were Nuevo León (US$170k), Estado de México (US$121k), Baja California (US$34.1k), and Ciudad de México (US$23.5k).

The states with the most international purchases in 2024 were Ciudad de México (US$10.6M), Nuevo León (US$6.82M), Estado de México (US$5.64M), Guanajuato (US$2.74M), and Jalisco (US$1.34M).

In 2024, the main commercial destinations of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were United States (US$154k), China (US$69.4k), Colombia (US$58.2k), El Salvador (US$38.4k), and Dominican Republic (US$8.21k).

The main commercial origins of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight in 2024 were China (US$11.2M), Germany (US$8.1M), United States (US$6.09M), Brazil (US$1.61M), and Italy (US$667k).

In the global context, the main exporting countries of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight in 2022 were China (US$552M), Germany (US$369M), and South Africa (US$72.1M). In the same year, the main importing countries of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were United States (US$409M), China (US$158M), and Germany (US$67.8M).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section

US$31.2M, Total Trade Exchange (2024)

In 2024, the total trade exchange of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight in Mexico (including international purchases and sales) was US$31.2M.

The visualizations show the net balance of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight 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 section

March, 2025

  • US$2.95M, International Purchases
  • US$14.8k, International Sales

In March 2025, international sales of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were US$14.8k, while international purchases reached US$2.95M. The above results in a trade balance of -US$2.94M.

Market Concentration

#permalink to section

2025-Q1: US$43.7k, International Sales

The visualization shows the quarterly concentration of international sales of Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight at state level.

In the first quarter of 2025, international sales were US$43.7k, being the states with the most sales Estado de México (US$43.7k).

Exchange by Territory

#permalink to section

International Sales

#permalink to section

Nuevo León: US$170k, State with the Most International Sales (2024)

United States: US$154k, Main commercial destination (2024)

In 2024, the states with the highest international sales in Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were Nuevo León (US$170k), Estado de México (US$121k), Baja California (US$34.1k), and Ciudad de México (US$23.5k).

In 2024, the countries with the most international purchases from Mexico were United States (US$154k), China (US$69.4k), Colombia (US$58.2k), El Salvador (US$38.4k), and Dominican Republic (US$8.21k).

International Purchases

#permalink to section

Ciudad de México: US$10.6M, State with the Most International Purchases (2024)

China: US$11.2M, Main Commercial Origin (2024)

In 2024, the states with the highest international in Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were Ciudad de México (US$10.6M), Nuevo León (US$6.82M), Estado de México (US$5.64M), Guanajuato (US$2.74M), and Jalisco (US$1.34M).

The countries with the most international sales to Mexico in 2024 were China (US$11.2M), Germany (US$8.1M), United States (US$6.09M), Brazil (US$1.61M), and Italy (US$667k).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight. 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

#permalink to section

  • 0.08%, Mexican share in global exports - 2022
  • 2.06%, Mexican share in global imports - 2022

The visualizations show the global market for Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight. 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 Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were China (US$552M), Germany (US$369M), and South Africa (US$72.1M). In the same year, the main importing countries for Iron Oxides and Hydroxides; Earth Colors Combined Iron Content Evaluated as Fe2O3, not less than 70% by Weight were United States (US$409M), China (US$158M), and Germany (US$67.8M).