ProceduresGovernment

Ferroalloys

Código 7202 (Harmonized System 2012 by 4 digits)

 2021: US$372M, Total Trade Exchange

2021: US$82.3M, International Sales

  2021: US$289M, International Purchases

In 2021, the trade exchange (includes international purchases and sales) of Ferroalloys was US$372M.

In 2021, the states with the most international sales in Ferroalloys were Nuevo León (US$66.5M), Estado de México (US$455k), Ciudad de México (US$406k), and Coahuila de Zaragoza (US$65.8k).

The states with the most international purchases in 2021 were Nuevo León (US$129M), Estado de México (US$28.7M), Coahuila de Zaragoza (US$13.5M), Tamaulipas (US$12.5M), and Ciudad de México (US$6.16M).

In 2021, the main commercial destinations of Ferroalloys were United States (US$28M), Colombia (US$11.3M), Guatemala (US$5.83M), Pakistan (US$4.59M), and Egypt (US$3.67M).

The main commercial origins of Ferroalloys in 2021 were China (US$38.8M), Brazil (US$27.3M), Russia (US$24.3M), Canada (US$20.8M), and United States (US$19.8M).

In the global context, the main exporting countries of Ferroalloys in 2020 were Indonesia (US$4.73B), South Africa (US$2.98B), and Brazil (US$2.89B). In the same year, the main importing countries of Ferroalloys were China (US$10.2B), Netherlands (US$1.96B), and United States (US$1.68B).

Trade Balance of Mexico

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Net Trade Balance

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US$372M, Total Trade Exchange (2021)

In 2021, the total trade exchange of Ferroalloys in Mexico (including international purchases and sales) was US$372M.

The visualizations show the net balance of Ferroalloys 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

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August, 2022

  • US$41M, International Purchases
  • US$7.47M, International Sales

In August 2022, international sales of Ferroalloys were US$7.47M, while international purchases reached US$41M. The above results in a trade balance of -US$33.5M.

Market Concentration

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2022-Q3: US$13.8M, International Sales

The visualization shows the quarterly concentration of international sales of Ferroalloys at state level.

In the third quarter of 2022, international sales were US$13.8M, being the states with the most sales Nuevo León (US$13.8M).

Exchange by Territory

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International Sales

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Nuevo León: US$66.5M, State with the Most International Sales (2021)

United States: US$28M, Main commercial destination (2021)

In 2021, the states with the highest international sales in Ferroalloys were Nuevo León (US$66.5M), Estado de México (US$455k), Ciudad de México (US$406k), and Coahuila de Zaragoza (US$65.8k).

In 2021, the countries with the most international purchases from Mexico were United States (US$28M), Colombia (US$11.3M), Guatemala (US$5.83M), Pakistan (US$4.59M), and Egypt (US$3.67M).

International Purchases

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Nuevo León: US$129M, State with the Most International Purchases (2021)

China: US$38.8M, Main Commercial Origin (2021)

In 2021, the states with the highest international in Ferroalloys were Nuevo León (US$129M), Estado de México (US$28.7M), Coahuila de Zaragoza (US$13.5M), Tamaulipas (US$12.5M), and Ciudad de México (US$6.16M).

The countries with the most international sales to Mexico in 2021 were China (US$38.8M), Brazil (US$27.3M), Russia (US$24.3M), Canada (US$20.8M), and United States (US$19.8M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Ferroalloys  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Ferroalloys. 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

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  • 0.22%, Mexican share in global exports - 2020
  • 0.44%, Mexican share in global imports - 2020

The visualizations show the global market for Ferroalloys. 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 Ferroalloys were Indonesia (US$4.73B), South Africa (US$2.98B), and Brazil (US$2.89B). In the same year, the main importing countries for Ferroalloys were China (US$10.2B), Netherlands (US$1.96B), and United States (US$1.68B).