Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods)
Código 721730 (Harmonized System 2012 by 6 digits)
In 2023, the states with the most international sales in Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were Nuevo León (US$562k), Sonora (US$210k), and Tamaulipas (US$2.26k).
The states with the most international purchases in 2023 were Ciudad de México (US$26.7M), Querétaro (US$7.31M), Guanajuato (US$6.88M), Nuevo León (US$4.34M), and Coahuila de Zaragoza (US$3.33M).
In 2023, the main commercial destinations of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were United States (US$767k), Argentina (US$2.43k), Costa Rica (US$964), Chile (US$924), and Guatemala (US$820).
The main commercial origins of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) in 2023 were China (US$28.2M), South Korea (US$6.91M), United States (US$5.81M), Germany (US$4.66M), and Spain (US$2.84M).
In the global context, the main exporting countries of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) in 2022 were China (US$599M), South Korea (US$169M), and Slovakia (US$131M). In the same year, the main importing countries of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were N/A.
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionThe visualizations show the net balance of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) 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 sectionNovember, 2024
- US$6.92M, International Purchases
- US$548k, International Sales
In November 2024, international sales of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were US$548k, while international purchases reached US$6.92M. The above results in a trade balance of -US$6.37M.
Market Concentration
#permalink to section2024-Q4: US$52.2k, International Sales
The visualization shows the quarterly concentration of international sales of Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) at state level.
In the fourth quarter of 2024, international sales were US$52.2k, being the states with the most sales Ciudad de México (US$52.2k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$562k, State with the Most International Sales (2023)
United States: US$767k, Main commercial destination (2023)
In 2023, the states with the highest international sales in Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were Nuevo León (US$562k), Sonora (US$210k), and Tamaulipas (US$2.26k).
In 2023, the countries with the most international purchases from Mexico were United States (US$767k), Argentina (US$2.43k), Costa Rica (US$964), Chile (US$924), and Guatemala (US$820).
International Purchases
#permalink to sectionCiudad de México: US$26.7M, State with the Most International Purchases (2023)
China: US$28.2M, Main Commercial Origin (2023)
In 2023, the states with the highest international in Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were Ciudad de México (US$26.7M), Querétaro (US$7.31M), Guanajuato (US$6.88M), Nuevo León (US$4.34M), and Coahuila de Zaragoza (US$3.33M).
The countries with the most international sales to Mexico in 2023 were China (US$28.2M), South Korea (US$6.91M), United States (US$5.81M), Germany (US$4.66M), and Spain (US$2.84M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods). 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- 0.25%, Mexican share in global exports - 2022
- 4%, Mexican share in global imports - 2022
The visualizations show the global market for Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods). 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 Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were China (US$599M), South Korea (US$169M), and Slovakia (US$131M). In the same year, the main importing countries for Wire of Iron or Non-Alloy Steel, in Coils, Coated with Base Metals (Exc. Cincado, and Bars and Rods) were N/A.