Flat-Rolled Products of Iron or Non-Alloy
Código 7208 (Harmonized System 2012 by 4 digits)
2022: US$3.36B, Total Trade Exchange
2022: US$871M, International Sales
2022: US$2.49B, International Purchases
In 2022, the trade exchange (includes international purchases and sales) of Flat-Rolled Products of Iron or Non-Alloy was US$3.36B.
In 2022, the states with the most international sales in Flat-Rolled Products of Iron or Non-Alloy were Nuevo León (US$785M), Coahuila de Zaragoza (US$59.3M), San Luis Potosí (US$15.2M), Estado de México (US$4.25M), and Guanajuato (US$2.66M).
The states with the most international purchases in 2022 were Nuevo León (US$594M), Guanajuato (US$373M), Ciudad de México (US$264M), Hidalgo (US$263M), and Coahuila de Zaragoza (US$256M).
In 2022, the main commercial destinations of Flat-Rolled Products of Iron or Non-Alloy were United States (US$758M), Guatemala (US$37M), Switzerland (US$21.5M), Colombia (US$19.4M), and United Kingdom (US$11.9M).
The main commercial origins of Flat-Rolled Products of Iron or Non-Alloy in 2022 were United States (US$1.28B), Japan (US$347M), South Korea (US$328M), China (US$118M), and Netherlands (US$91.8M).
In the global context, the main exporting countries of Flat-Rolled Products of Iron or Non-Alloy in 2020 were Japan (US$7.19B), South Korea (US$4.8B), and India (US$3.16B). In the same year, the main importing countries of Flat-Rolled Products of Iron or Non-Alloy were China (US$4.12B), Vietnam (US$3.36B), and Italy (US$2.42B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$3.36B, Total Trade Exchange (2022)
In 2022, the total trade exchange of Flat-Rolled Products of Iron or Non-Alloy in Mexico (including international purchases and sales) was US$3.36B.
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, 2022
- US$205M, International Purchases
- US$50.6M, International Sales
In December 2022, international sales of Flat-Rolled Products of Iron or Non-Alloy were US$50.6M, while international purchases reached US$205M. The above results in a trade balance of -US$154M.
Market Concentration
#permalink to section2022-Q4: US$102M, 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 2022, international sales were US$102M, being the states with the most sales Nuevo León (US$97.7M), Coahuila de Zaragoza (US$2.63M), and Ciudad de México (US$637k).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$785M, State with the Most International Sales (2022)
United States: US$758M, Main commercial destination (2022)
In 2022, the states with the highest international sales in Flat-Rolled Products of Iron or Non-Alloy were Nuevo León (US$785M), Coahuila de Zaragoza (US$59.3M), San Luis Potosí (US$15.2M), Estado de México (US$4.25M), and Guanajuato (US$2.66M).
In 2022, the countries with the most international purchases from Mexico were United States (US$758M), Guatemala (US$37M), Switzerland (US$21.5M), Colombia (US$19.4M), and United Kingdom (US$11.9M).
International Purchases
#permalink to sectionNuevo León: US$594M, State with the Most International Purchases (2022)
United States: US$1.28B, Main Commercial Origin (2022)
In 2022, the states with the highest international in Flat-Rolled Products of Iron or Non-Alloy were Nuevo León (US$594M), Guanajuato (US$373M), Ciudad de México (US$264M), Hidalgo (US$263M), and Coahuila de Zaragoza (US$256M).
The countries with the most international sales to Mexico in 2022 were United States (US$1.28B), Japan (US$347M), South Korea (US$328M), China (US$118M), and Netherlands (US$91.8M).
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- 0.086%, Mexican share in global exports - 2020
- 3.23%, Mexican share in global imports - 2020
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 2020, the main exporting countries of Flat-Rolled Products of Iron or Non-Alloy were Japan (US$7.19B), South Korea (US$4.8B), and India (US$3.16B). In the same year, the main importing countries for Flat-Rolled Products of Iron or Non-Alloy were China (US$4.12B), Vietnam (US$3.36B), and Italy (US$2.42B).