2022
Exports
$24.3MWorld Rnk 36 / 120
Flag Rnk 545 / 1193
2022
PRODUCT COMPLEXITY IN Flat Flat-Rolled Steel
1.38Rnk 72 / 1025
2022
Imports
$2.75BWorld Rnk 1 / 201
Flag Rnk 40 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $24.3M in Flat Flat-Rolled Steel, making it the 36th largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 545th most exported product in Mexico. The main destination of Flat Flat-Rolled Steel exports from Mexico are: United States ($12.7M), Italy ($2.33M), Dominican Republic ($2.08M), Germany ($2.08M), and Colombia ($1.37M).

The fastest growing export markets for Flat Flat-Rolled Steel of Mexico between 2021 and 2022 were United States ($2.86M), Italy ($2.09M), and Dominican Republic ($2.08M).

Imports In 2022, Mexico imported $2.75B in Flat Flat-Rolled Steel, becoming the 1st largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 40th most imported product in Mexico. Mexico imports Flat Flat-Rolled Steel primarily from: United States ($1.03B), Japan ($683M), China ($280M), South Korea ($136M), and Chinese Taipei ($125M).

The fastest growing import markets in Flat Flat-Rolled Steel for Mexico between 2021 and 2022 were United States ($154M), Japan ($81.2M), and China ($53.6M).

COMPANIES In 2023, leading companies such as Schaeffler Group (1) were at the forefront of shipping Flat Flat-Rolled Steel from Mexico to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Flat Flat-Rolled Steel. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.3M
IMPORTS (2022)$2.75B
NET TRADE (2022)-$2.73B

In 2022, Mexico exported $24.3M in Flat Flat-Rolled Steel. The main destinations of Mexico exports on Flat Flat-Rolled Steel were United States ($12.7M), Italy ($2.33M), Dominican Republic ($2.08M), Germany ($2.08M), and Colombia ($1.37M).

In 2022, Mexico imported $2.75B in Flat Flat-Rolled Steel, mainly from United States ($1.03B), Japan ($683M), China ($280M), South Korea ($136M), and Chinese Taipei ($125M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat Flat-Rolled Steel EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$2.86M (29.2%)
Italy$2.09M (908%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat Flat-Rolled Steel BY Mexico WERE (2021 - 2022):
Ecuador-$497k (-90.5%)
Switzerland-$93.4k (-100%)
Argentina-$45.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Flat Flat-Rolled Steel were:
Japan $6.3B
China $5.89B
Germany $3.91B
In 2022, Mexico's main importing competitors in Flat Flat-Rolled Steel were:
Germany $2.58B
Italy $2.38B

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Trade Value of Flat Flat-Rolled Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9M
TOP IMPORT POTENTIALChina+ $64.2M

Flat Flat-Rolled Steel’s highest export potential is United States. With an export gap of $9M.   Flat Flat-Rolled Steel’s highest import potential is China with an import gap of $64.2M.

See methodology.

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