2022
Exports
$8.37MWorld Rnk 34 / 109
Flag Rnk 682 / 1193
2022
PRODUCT COMPLEXITY IN Flat-Rolled Iron
1.12Rnk 129 / 1025
2022
Imports
$179MWorld Rnk 10 / 182
Flag Rnk 346 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $8.37M in Flat-Rolled Iron, making it the 34th largest exporter of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 682nd most exported product in Mexico. The main destination of Flat-Rolled Iron exports from Mexico are: United States ($5.31M), South Korea ($932k), Canada ($908k), El Salvador ($682k), and China ($239k).

The fastest growing export markets for Flat-Rolled Iron of Mexico between 2021 and 2022 were Canada ($723k), El Salvador ($538k), and India ($70.2k).

Imports In 2022, Mexico imported $179M in Flat-Rolled Iron, becoming the 10th largest importer of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 346th most imported product in Mexico. Mexico imports Flat-Rolled Iron primarily from: United States ($127M), Germany ($19.4M), Brazil ($6.26M), China ($5.31M), and Japan ($4.79M).

The fastest growing import markets in Flat-Rolled Iron for Mexico between 2021 and 2022 were United States ($52.7M), Germany ($7.48M), and India ($3.42M).

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-Rolled Iron. 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)$8.37M
IMPORTS (2022)$179M
NET TRADE (2022)-$170M

In 2022, Mexico exported $8.37M in Flat-Rolled Iron. The main destinations of Mexico exports on Flat-Rolled Iron were United States ($5.31M), South Korea ($932k), Canada ($908k), El Salvador ($682k), and China ($239k).

In 2022, Mexico imported $179M in Flat-Rolled Iron, mainly from United States ($127M), Germany ($19.4M), Brazil ($6.26M), China ($5.31M), and Japan ($4.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Iron EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
Canada$723k (389%)
El Salvador$538k (373%)
India$70.2k (50.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Iron BY Mexico WERE (2021 - 2022):
South Korea-$631k (-40.4%)
United States-$213k (-3.85%)
Peru-$125k (-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-Rolled Iron were:
In 2022, Mexico's main importing competitors in Flat-Rolled Iron were:

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Trade Value of Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.14M
TOP IMPORT POTENTIALChina+ $4.35M

Flat-Rolled Iron’s highest export potential is United States. With an export gap of $2.14M.   Flat-Rolled Iron’s highest import potential is China with an import gap of $4.35M.

See methodology.

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