Smelting, Iron and Steel

Code 72 (Harmonized System 2012 by 2 digits)

 2020: US$11.7B, Total Trade Exchange

2020: US$2.89B, International Sales

  2020: US$8.8B, International Purchases

In 2020, the trade exchange (includes international purchases and sales) of Smelting, Iron and Steel was N/A.

In 2020, the states with the most international sales in Smelting, Iron and Steel were Nuevo León (US$1.37B), Michoacán de Ocampo (US$917M), Baja California (US$96.8M), Tamaulipas (US$83.3M), and Ciudad de México (US$44M).

In the same year, the states with the most international purchases were Nuevo León (US$2.93B), Ciudad de México (US$1.01B), San Luis Potosí (US$752M), Guanajuato (US$713M), and Coahuila de Zaragoza (US$468M).

In 2020, the main commercial destinations of Smelting, Iron and Steel were United States (US$1.9B), Colombia (US$158M), Guatemala (US$115M), China (US$115M), and Canada (US$106M).

In the same year, the main commercial origins of Smelting, Iron and Steel were United States (US$3.69B), Japan (US$1.12B), Brazil (US$944M), South Korea (US$712M), and Germany (US$299M).

In the global context, the main exporting countries of Smelting, Iron and Steel in 2019 were China (US$39B), Japan (US$27.6B), and Germany (US$26.2B). In the same year, the main importing countries of Smelting, Iron and Steel were Germany (US$25.1B), United States (US$24B), and China (US$22.2B).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section
info-sign

N/A, Total Trade Exchange (2020)

In 2020, the total trade exchange of Smelting, Iron and Steel in Mexico (including international purchases and sales) was N/A.

The visualizations show the net balance of Smelting, Iron and 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 section

February, 2021: US$896M, International Purchases

 February, 2021: US$274M, International Sales

In February 2021, international sales of Smelting, Iron and Steel were US$274M, while international purchases reached US$896M. The above results in a trade balance of $ -623M.

Market Concentration

#permalink to section

The visualization shows the quarterly concentration of international sales of Smelting, Iron and Steel at state level.

Exchange by Territory

#permalink to section

International Sales

#permalink to section
info-sign

Nuevo León: US$1.37B, State with the Most International Sales (2020)

United States: US$1.9B, Main commercial destination (2020)

In 2020, the states with the highest international sales in Smelting, Iron and Steel were Nuevo León (US$1.37B), Michoacán de Ocampo (US$917M), Baja California (US$96.8M), Tamaulipas (US$83.3M), and Ciudad de México (US$44M).

In 2020, the countries with the most international purchases from Mexico were United States (US$1.9B), Colombia (US$158M), Guatemala (US$115M), China (US$115M), and Canada (US$106M).

International Purchases

#permalink to section
info-sign

Nuevo León: US$2.93B, State with the Most International Purchases (2020)

United States: US$3.69B, Main Commercial Origin (2020)

In 2020, the states with the highest international in Smelting, Iron and Steel were Nuevo León (US$2.93B), Ciudad de México (US$1.01B), San Luis Potosí (US$752M), Guanajuato (US$713M), and Coahuila de Zaragoza (US$468M).

The countries with the most international sales to Mexico were United States (US$3.69B), Japan (US$1.12B), Brazil (US$944M), South Korea (US$712M), and Germany (US$299M).

Specialization

#permalink to section

Specialization by State

#permalink to section

The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Smelting, Iron and Steel  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Smelting, Iron and 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.

Origins and Trade Destinations

#permalink to section

  • 0.77%, Mexican share in global exports - 2019
  • 2.8%, Mexican share in global imports - 2019

The visualizations show the global market for Smelting, Iron and Steel. In both charts, Mexico stands out in order to identify its participation in the export and import market.

In 2019, the main exporting countries of Smelting, Iron and Steel were China (US$39B), Japan (US$27.6B), and Germany (US$26.2B). In the same year, the main importing countries for Smelting, Iron and Steel were Germany (US$25.1B), United States (US$24B), and China (US$22.2B).