Other Articles of Iron or Steel

Código 7326 (Harmonized System 2012 by 4 digits)

 2020: US$3.95B, Total Trade Exchange

2020: US$1.3B, International Sales

  2020: US$2.65B, International Purchases

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

In 2020, the states with the most international sales in Other Articles of Iron or Steel were Nuevo León (US$420M), Chihuahua (US$171M), Baja California (US$167M), Tamaulipas (US$151M), and San Luis Potosí (US$82.3M).

In the same year, the states with the most international purchases were Nuevo León (US$408M), Chihuahua (US$397M), Baja California (US$352M), Ciudad de México (US$242M), and Tamaulipas (US$202M).

In 2020, the main commercial destinations of Other Articles of Iron or Steel were United States (US$1.1B), Japan (US$42.2M), Canada (US$27.7M), China (US$16M), and Dominican Republic (US$8.29M).

In the same year, the main commercial origins of Other Articles of Iron or Steel were United States (US$1.53B), China (US$364M), Japan (US$131M), Germany (US$122M), and South Korea (US$94.6M).

In the global context, the main exporting countries of Other Articles of Iron or Steel in 2019 were China (US$12.3B), Germany (US$5.8B), and United States (US$4.99B). In the same year, the main importing countries of Other Articles of Iron or Steel were United States (US$5.99B), Germany (US$5.12B), and Mexico (US$2.83B).

Trade Balance of Mexico

#permalink to section

Net Trade Balance

#permalink to section
info-sign

US$3.95B, Total Trade Exchange (2020)

In 2020, the total trade exchange of Other Articles of Iron or Steel in Mexico (including international purchases and sales) was US$3.95B.

The visualizations show the net balance of Other Articles of Iron or 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

June, 2021

  • US$297M, International Purchases
  • US$140M, International Sales

In June 2021, international sales of Other Articles of Iron or Steel were US$140M, while international purchases reached US$297M. The above results in a trade balance of -US$157M.

Market Concentration

#permalink to section

2021-Q2: US$335M, International Sales

The visualization shows the quarterly concentration of international sales of Other Articles of Iron or Steel at state level.

In the second quarter of 2021, international sales were US$335M, being the states with the most sales Nuevo León (US$134M), Chihuahua (US$73.2M), and Tamaulipas (US$29M).

Exchange by Territory

#permalink to section

International Sales

#permalink to section
info-sign

Nuevo León: US$420M, State with the Most International Sales (2020)

United States: US$1.1B, Main commercial destination (2020)

In 2020, the states with the highest international sales in Other Articles of Iron or Steel were Nuevo León (US$420M), Chihuahua (US$171M), Baja California (US$167M), Tamaulipas (US$151M), and San Luis Potosí (US$82.3M).

In 2020, the countries with the most international purchases from Mexico were United States (US$1.1B), Japan (US$42.2M), Canada (US$27.7M), China (US$16M), and Dominican Republic (US$8.29M).

International Purchases

#permalink to section
info-sign

Nuevo León: US$408M, State with the Most International Purchases (2020)

United States: US$1.53B, Main Commercial Origin (2020)

In 2020, the states with the highest international in Other Articles of Iron or Steel were Nuevo León (US$408M), Chihuahua (US$397M), Baja California (US$352M), Ciudad de México (US$242M), and Tamaulipas (US$202M).

The countries with the most international sales to Mexico were United States (US$1.53B), China (US$364M), Japan (US$131M), Germany (US$122M), and South Korea (US$94.6M).

Specialization

#permalink to section

Specialization by State

#permalink to section

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

RCA values ​​greater than 1 indicate that the state has comparative advantages in Other Articles of Iron or 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

  • 2.09%, Mexican share in global exports - 2019
  • 5.21%, Mexican share in global imports - 2019

The visualizations show the global market for Other Articles of Iron or 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 Other Articles of Iron or Steel were China (US$12.3B), Germany (US$5.8B), and United States (US$4.99B). In the same year, the main importing countries for Other Articles of Iron or Steel were United States (US$5.99B), Germany (US$5.12B), and Mexico (US$2.83B).