2023
Exports
$283MWorld Rnk 20 / 170
Flag Rnk 204 / 1189
2023
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.34Rnk 913 / 1025
2023
Imports
$257MWorld Rnk 23 / 220
Flag Rnk 280 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $283M in Raw Iron Bars, making it the 20th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 204th most exported product in Mexico. The main destination of Raw Iron Bars exports from Mexico are: United States ($175M), Colombia ($48.1M), Guatemala ($26.5M), Peru ($18.6M), and Canada ($6.08M).

The fastest growing export markets for Raw Iron Bars of Mexico between 2022 and 2023 were Honduras ($3.43M), Germany ($522k), and El Salvador ($446k).

Imports In 2023, Mexico imported $257M in Raw Iron Bars, becoming the 23rd largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 280th most imported product in Mexico. Mexico imports Raw Iron Bars primarily from: United States ($158M), Italy ($29.3M), Japan ($23M), Spain ($20.1M), and Brazil ($7.58M).

The fastest growing import markets in Raw Iron Bars for Mexico between 2022 and 2023 were Italy ($28M), Spain ($19.7M), and Japan ($12.3M).

Latest Trends

Jan 2025

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 Raw Iron Bars. 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 (2023)$283M
IMPORTS (2023)$257M
NET TRADE (2023)$25.5M

In 2023, Mexico exported $283M in Raw Iron Bars. The main destinations of Mexico exports on Raw Iron Bars were United States ($175M), Colombia ($48.1M), Guatemala ($26.5M), Peru ($18.6M), and Canada ($6.08M).

In 2023, Mexico imported $257M in Raw Iron Bars, mainly from United States ($158M), Italy ($29.3M), Japan ($23M), Spain ($20.1M), and Brazil ($7.58M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Honduras$3.43M (1%)
Germany$522k (1%)
El Salvador$446k (37.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Mexico WERE (2022 - 2023):
United States-$291M (-62.4%)
Colombia-$53.5M (-52.6%)
Canada-$37.8M (-86.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Raw Iron Bars were:
Turkey $2.16B
China $1.97B
In 2023, Mexico's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $8.3M
TOP IMPORT POTENTIALChina+ $9.06M

Raw Iron Bars’s highest export potential is Canada. With an export gap of $8.3M.   Raw Iron Bars’s highest import potential is China with an import gap of $9.06M.

See methodology.

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