Flat-Rolled Products of Iron or Non-Alloy
Código 7208 (Harmonized System 2012 by 4 digits)
2024: US$2.63B, Total Trade Exchange
2024: US$203M, International Sales
2024: US$2.42B, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Flat-Rolled Products of Iron or Non-Alloy was US$2.63B.
In 2024, the states with the most international sales in Flat-Rolled Products of Iron or Non-Alloy were Nuevo León (US$175M), Estado de México (US$23M), Ciudad de México (US$1.36M), Coahuila de Zaragoza (US$806k), and Chihuahua (US$771k).
The states with the most international purchases in 2024 were Nuevo León (US$645M), Ciudad de México (US$397M), Guanajuato (US$284M), Coahuila de Zaragoza (US$226M), and Puebla (US$131M).
In 2024, the main commercial destinations of Flat-Rolled Products of Iron or Non-Alloy were United States (US$196M), Guatemala (US$3.68M), El Salvador (US$737k), Honduras (US$489k), and Japan (US$327k).
The main commercial origins of Flat-Rolled Products of Iron or Non-Alloy in 2024 were United States (US$974M), Japan (US$384M), South Korea (US$234M), Vietnam (US$191M), and Netherlands (US$81.1M).
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
#permalink to sectionNet Trade Balance
#permalink to sectionUS$2.63B, Total Trade Exchange (2024)
In 2024, the total trade exchange of Flat-Rolled Products of Iron or Non-Alloy in Mexico (including international purchases and sales) was US$2.63B.
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
#permalink to sectionDecember, 2024
- US$162M, International Purchases
- US$15.9M, International Sales
In December 2024, international sales of Flat-Rolled Products of Iron or Non-Alloy were US$15.9M, while international purchases reached US$162M. The above results in a trade balance of -US$146M.
Market Concentration
#permalink to section2024-Q4: US$34.7M, 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 fourth quarter of 2024, international sales were US$34.7M, being the states with the most sales Nuevo León (US$25.5M), Estado de México (US$8.25M), and Coahuila de Zaragoza (US$474k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$175M, State with the Most International Sales (2024)
United States: US$196M, Main commercial destination (2024)
In 2024, the states with the highest international sales in Flat-Rolled Products of Iron or Non-Alloy were Nuevo León (US$175M), Estado de México (US$23M), Ciudad de México (US$1.36M), Coahuila de Zaragoza (US$806k), and Chihuahua (US$771k).
In 2024, the countries with the most international purchases from Mexico were United States (US$196M), Guatemala (US$3.68M), El Salvador (US$737k), Honduras (US$489k), and Japan (US$327k).
International Purchases
#permalink to sectionNuevo León: US$645M, State with the Most International Purchases (2024)
United States: US$974M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Flat-Rolled Products of Iron or Non-Alloy were Nuevo León (US$645M), Ciudad de México (US$397M), Guanajuato (US$284M), Coahuila de Zaragoza (US$226M), and Puebla (US$131M).
The countries with the most international sales to Mexico in 2024 were United States (US$974M), Japan (US$384M), South Korea (US$234M), Vietnam (US$191M), and Netherlands (US$81.1M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe 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.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 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).